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
The
following carriers have upgraded to Version 3.0:
American
General
ING
Security Life
Manulife Financial
The MONY Group
Nationwide
New England Financial
Phoenix Life Insurance Company
Sun Life Financial
To
learn more about Aggregate Funding and pricing please contact:
Daniel R.
Johnson
Chairman and
CEO
djohnson@afs-link.com
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