Group/Worksite Processing, Living Benefits and Combination Product Support Highlight the Business Functionality offered with the 2008 Release of The Administrator, from LIDP Consulting, Inc.
(PRWEB) April 28, 2008 -- LIDP Consulting Services, Inc. announces the availability of the 2008 release of The Administrator. The Administrator is the insurance industry’s first and only truly 24x7 online real-time policy administration, claim administration and agency management system with support for all life, health and annuity products.
Business Enhancements
- Worksite/Group Processing
- Living Benefits
- Combination Products
The 2008 release of The Administrator, like previous releases, includes enhancements that will enable LIDP customers to maximize sales.
Industry experts predict that Group/Worksite marketing will continue to grow at a tremendous rate. LIDP support for the Group/Worksite marketplace continues to grow as well.
- Information about the employer and the enroller
- Customized products pertaining to an enrollment
- Products, benefit limits and underwriting offers varied by employer-defined relationships
- Efficient enrollment process
- Automated underwriting process
- All-inclusive and real-time certificate management process
- A wide range of product support
- Employer level billing including all employees or segregate employee groups on an employer-defined basis
The Administrator, widely regarded as the most complete life, health and annuity product processing engine available today, maintains its product processing advantage by enhancing its support for living benefits and combination products. The 2008 release of The Administrator includes complete support for living benefits including Guaranteed Minimum Withdrawal Benefits (GMWB), Guaranteed Living Withdrawal Benefits (GLWB) and Guaranteed Lifetime Income Annuities (GLIA).
“Changes to the tax code (Section 7702B) as well as the Pension Protection Act of 2006 are encouraging the development and sale of Life and Annuity contracts with Long Term Care Riders,” said Andy Ottens, LIDP’s Vice President of Client Services. “The 2008 release of The Administrator contains support for both Universal Life and Annuity combination products.”
About LIDP Consulting, Inc.:
LIDP Consulting, Inc. has provided software and consulting services to the life, health and annuity industry for over 25 years. LIDP specializes in comprehensive administration solutions and legacy system consolidation.
Contact:
Andy Strevell
LIDP Consulting, Inc.
630-829-7100
http://www.lidp.com
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