AFS Master System^® Version 3.0 with Aggregate Funding

Version 3.0 of the AFS Master System provides users with a major functionality upgrade - Aggregate Funding!

This new functionality allocates insurance coverage or premiums evenly to each of the insured participants in the group. This eliminates the need to determine per life premiums and death benefits when the objective is to solve for outlays for the group, rather than for each individual participant. This feature saves an enormous amount of time, since the Master System maximizes the efficiency of the premium allocation without users having to perform the iterative calculations themselves using spreadsheets.

Aggregate Funding in the AFS Master System allows you to:

• provide a stream of aggregate cash flows or ask the system to calculate it for you,
  
• choose equal premium or equal death benefit scenarios,
  
• ask the system to reallocate withdrawals and / or premiums to keep policies from lapsing,
• stipulate which participants to include in the benefit plan which may or may not be the same as those included in the funding calculations,
  
• model the case using partial mortality assumptions, and
• direct the system to adjust the premium such that it remains equal in each year, for each participant, after partial mortality has been applied.
  

View the Version 3.0 Enhancement Overview

To learn more about Aggregate Funding and pricing please contact:

Daniel R. Johnson
Chairman and CEO
djohnson@afs-link.com