Insurance Policy Administration
QLAdmin Policy Administration
Comprehensive processing for the entire policy lifecycle for a wide range of traditional and interest sensitive life, life riders, health, annuity, and supplemental products. The same intuitive menus and functions support all lines of business in a multi-company environment.
QLAdmin offers complete policy administration processing for each phase of the policy lifecycle with real-time financial and non-financial processing and automated daily system cycles. Easy to use tools enable flexible plan code maintenance, rapid product rate changes, and customized agent and commissions management. Trust QLAdmin to save you time maintaining your current business enabling you to focus on achieving your future goals.
Insurance Products Supported
- Traditional life insurance and riders
- Interest sensitive WL/UL
- Annuities and SPIA plans, including qualified and MVA
- Voluntary and worksite benefits
- Major medical and hospital indemnity
- Supplemental health products
- Medicare Supplement insurance
Key Policy Administration Features
- New business, underwriting, and policy issue
- Billing and premium application
- Agent and hierarchy management
- Annuity management including qualified and RMD
- Policy service, maintenance, and claims
- Multi-company environment for multiple blocks of business
- Product and rate increase maintenance
- Reinsurance tracking for ceded coverage
- System configuration and processing rules
- Document, forms, and correspondence management
- Reporting, including reserve valuation
- Accounting integration to multiple packages
- IRS 1099/5498 reporting and e-filing
Full Featured Policy Administration
Plus supportive functionality for document management, accounting compatibility, and integrated third-party tools.
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