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Corporate Owned Life Insurance is a significant market segment
with unique product, marketing and administrative needs. Ascent is the fulfillment
of a COLI professional's dream. It features all major marketing concepts and may
be easily modified for private placements and customized cases. Calculation speed
is unsurpassed: a typical 100 life case runs in less than 2 seconds! Ascent's unique
transaction-based engine architecture ensures that new business, inforce and administrative
calculations will be consistent and accurate.
The many features of Ascent include:
- Incredibly fast processing
increases throughput, enables more complete modeling of complex scenarios and increases
chances of making the sale.
- Census manager provides simple, yet
powerful means of populating case data. The spreadsheet structure contains intuitive
commands for copying data, selecting lives to be displayed, and copying data from
other Windows applications.
- Dynamic linkage to Excel spreadsheets
provides an additional method for incorporating complex benefit models.
- Fiscal processing displays accurate
accounting results on an annual, semiannual, quarterly or monthly basis.
- Special multilife features such as
aggregate funding and mortality adjusting may be incorporated into standard concepts
(e.g. Deferral) when appropriate.
- Extensive use of shared code across
product engines allows for faster & more cost effective code maintenance.
- Asset/Liability matching is available
in conjunction with any marketing concept through use of advanced solves.
- Alternate accounting options available
for many benefits and insurance scenarios.
- Seamless transition from new business
and inforce processing. In most cases, no case file changes are required to transition
from proposal to inforce.
- Plan manager compares and composites
dissimilar products and concepts. This feature is ideal for presenting several benefit
plans within a single company, along with a composite of all plans.
- Ascent contains solves for premium,
death benefits, distributions, payment durations, and multivariate nested solves
that other systems cannot handle.
- Date-driven engine architecture permits
thorough tax processing, including comprehensive unnecessary premium testing and
off-monthiversary sevenpay periods.
- Monthly reporting option displays
all policy fees, charges and loads.
- All product and rider types, especially
target term and cash value-enhancing riders.
- Easy-to-use interface that is identical
for the desktop and web platforms..
- Web and desktop platforms share same
case files. Upload/download features ensure that cases run on one platform can be
run on the other.
- Presentation output and custom pages
incorporate results that are tailored to each illustration.
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