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|Advisor Illustration Systems|
The life insurance advisor illustration system is one of the most commonly used and helpful tools offered to financial professionals online. The ability to generate sales ledgers that illustrate the specific benefits, financial considerations and values associated with death benefit protection and elected optional riders serves as a powerful sales aid for advisors. In this Life Insurance Monitor Report, we provide detailed reviews of the illustration tools offered by our coverage firms on the advisor website.
Nine firms that offer hypothetical annuity illustration systems were selected for evaluation on three key criteria:
The most decisive aspect of our assessment of life insurance illustration systems are the platforms on which these tools are provided. The majority of life insurance illustration systems, two-thirds to be exact, must be downloaded to the user’s PC – a process that typically requires a substantial amount of memory and time. Just under half of the firms in this report also offer an illustration system that can be accessed and utilized online, without the requirement to download. Additionally, the overall quality of illustration ledgers generated by Life Insurance Monitor firms is sound. A few firms utilize colorful graphs and charts that make the ledger more attractive and easier to read.
Additional key findings include: