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ALIP Policy Administration

Operate faster, smarter and easier with a policy administration system that accelerates new product delivery and excels at customer service.

Stay ahead of consumer demands

Operate faster, smarter and easier with a policy administration system that delivers innovative new products at scale while increasing operational efficiency and customer satisfaction. With ALIP:

  • Launch more new products faster with one of the largest libraries of production-ready, configurable product templates.
  • Slash operating costs and maximize IT resources with industry-leading tools that automate, configure, test and integrate with the power of GenAI.
  • Delight customers with consolidated, real-time data that delivers 360-degree customer visibility and integration with expanding data sources and powerful portals that deliver personalized experiences.

Why continue to let legacy systems diminish your bottom line or limit your top line? Modernize.

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Why ALIP Policy Administration?

Enable full in-force processing

  • Claims and payout
  • Cash management
  • Billing
  • Contract management
  • Fund management
  • Transaction management
  • Tax and regulatory
  • Quotes and inquiries
  • Correspondence
  • Accounting

Speed to market via library of prebuilt templates

  • Out-of-the-box-product templates—preconfigured and production tested—accelerate product introduction
  • Preconfigured rules around new product features, riders and benefits easily adapt to your product structure and calculations
  • Preconfigured templates drive efficiency and more effective business process management when managing your policies

Enhance customer service through productivity gains

  • Workbenches available to tailor customer management and contract management
  • Configure and modify business process and quoting pages for your needs
  • Functional access by user type and individual user
  • Approvals, requirements and follow-ups controlled by business rules configuration

Accelerate introduction with product configuration

  • Modern workbench and workflow to create, modify and view products
  • Actuarial calculation engine to support your complex formulas and product tables
  • Robust product, transaction and fund components to allow definition of your specific product needs
  • Product testing debugger and workbench for product mechanics and values testing

Improve operational efficiency with business configuration

  • Modern workbench for designing, visualizing and modifying business rules
  • Easily create web pages without a web developer or programmer
  • Flexible workflow configuration for all your business processes
  • Workbench provides rules testing, monitoring and execution comparison capabilities

Expand your digital footprint

  • Integrated self-service portal
  • Analytics insights and predictive modeling
  • Personalized customer communications
  • Real-time data access

Looking for a product?

You're supported by an extensive library of life and annuity products.

Traditional life products

 

  • Whole Life Products
  • Term Life Products
  • Endowment Life Products
  • Disability Income Products
  • Critical Illness Products
  • Accidental and Health Products
  • Long Term Care Products
  • Health Products

 

Non-traditional life products

 

  • Universal Life Products
  • Variable Universal Life Products
  • Guaranteed Living Benefits
  • No Lapse Guarantee Universal and Indexed Life
  • Equity Index Universal Life Products
  • Variable Life Products
  • Interest Sensitive Life Products
  • Required Premium Life Products

 

Annuity products

 

  • Fixed Annuities
  • Variable Annuities
  • Deferred and Immediate Annuities
  • Guaranteed Living Benefit Riders
  • Equity Index Annuities
  • Market Value Adjusted Annuities
  • Settlement Options
  • Structured Settlements
  • Single and Flexible Premium Annuities
  • Indexed Linked Annuities
  • Registered Index Linked Annuities

 

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