Surrenders & Loans
Every surrender, loan and withdrawal request checked and quoted the same day, replacements flagged for review.
Why it matters
Requests arrive with missing signatures, assignments and tax forms; each is checked and valued by hand, and surrenders that fund a replacement can slip past best-interest review.
How the solution handles it
Agents read each request, check owner, signature and assignments, value the surrender, loan or withdrawal net of loans and charges, flag possible replacements or 1035 exchanges for best-interest review and draft the payout letter. A life servicing specialist approves every disbursement.
How a request moves
Five agents read, verify ownership, value, flag replacements and draft the payout; a life servicing specialist approves every disbursement.
What it reads, and what it hands back.
What goes in
- Surrender, loan and withdrawal forms
- Owner ID and signature
- Assignments and beneficiary records
- Policy values and loan balance
- Tax withholding elections
What comes out
- Checked payout quote and letter
- Missing-items request
- Replacement flag for review
- Payout file for approval
Who uses it
The difference, in numbers.
Every figure is labelled: a target the solution is built to, an estimate, a typical published result, or a proven one.
Sources: NAIC Model #275 (best interest) · IRC §1035 · “Target” = design goal, measured in the live solution · “Typical” = typical industry figure · “Estimated” = our estimate
5 specialist agents. One person decides.
More in this division.
Every mid-term change request read, checked, rated and drafted the same day, each field traced to the request.
Cancel & ReinstateEvery cancellation notice sent on time and every reinstatement checked, with each state’s notice rule applied.
Cash ApplicationEvery premium payment matched to the right policy and instalment, and suspense cleared in a day.
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We’ll show Surrenders & Loans running on your own documents.