Reproposal/Reprojections/In-Force Ledgers

COSS illustrations accommodate In-Force illustrations with a level of sophistication and data transfer methodology that is unsurpassed in the industry to accommodate our client partner’s needs. In-force policy data is communicated from external sources via ACORD TXLife and XMLife standards, native XML format or proprietary custom formats as provided by your legacy systems.

The COSS illustration system leverages the in-force policy data communicated by the legacy administration system to allow the user to affect death benefit options, premium changes, fund allocations, rider selections, and other product features. Any item that can be calculated for new business can also be calculated for reproposal. The system also handles off-anniversary changes and allows for rating, rider, and guideline changes that may only apply to in-force policies.