Pacific Life Makes Tracking Performance of Life Insurance Policies Easier
Integration of Planned Performance Tracking and Navigator automation technologies enables life insurance professionals to more easily conduct business.
Newport Beach, Calif. (Oct. 15, 2009) –When it comes to life insurance, hands-on, high-quality service matters, especially in challenging economic times. That is why Pacific Life recently integrated its innovative web-based policy management system Planned Performance TrackingSM with its comprehensive policy illustration system, Navigator.
Planned Performance Tracking automates and simplifies many of the time-consuming service tasks around life insurance. With a few clicks, a life insurance professional can:
- Compare the values projected in a baseline illustration against a current in-force illustration so adjustments can be made, if needed, to help keep a policy's performance on track.
- Send new business or in-force illustrations from Navigator to Planned Performance Tracking to create a baseline for benchmarking.
- Schedule future in-force illustrations, which include a Policy Tracking Report, by creating a baseline with Navigator and sending it to Planned Performance Tracking.
"We're finding that some insurance professionals are recommending our life insurance products to clients not only for the attractive features, but also because Planned Performance Tracking helps the insurance professional give the client the kind of quality service the client expects," said Tim Shaheen, Pacific Life's assistant vice president of sales and marketing operations for the Life Insurance Division.
Life insurance professionals can use Planned Performance Tracking to quickly create client-ready policy reports, set alerts for future policy changes, create instant cash value reports for corporate clients and even help a policy from lapsing by receiving automatic eAlerts when a policy enters the grace or lapse period.
Insurance professionals can learn more about Planned Performance Tracking and Navigator by contacting their Pacific Life representative or by calling 866-722-9555.
About Pacific Life
Offering insurance since 1868, Pacific Life provides a wide range of life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans1. With more than half of the 100 largest U.S. companies as its clients2, Pacific Life is also a member of the Insurance Marketplace Standards Association (IMSA), whose membership promotes high ethical standards for the sale of individual life insurance and annuities. For additional company information, including current financial strength ratings, visit the About Pacific Life section of this web site.
1. Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Insurance products are issued by Pacific Life Insurance Company in all states except New York, and in New York by Pacific Life & Annuity Company. Product availability and features may vary by state. Each company is solely responsible for the financial obligations accruing under the products it issues, and its product and rider guarantees are backed by that company's financial strength and claims-paying ability.
2. Client count as of April 2009 is compiled by Pacific Life using the 2009 FORTUNE 500® list.
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