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QL.Admin policy maintenance provides automated
processing for surrenders, deaths, lapses, etc. Accounting extracts are
generated where appropriate. QL.Admin furnishes
calculations for all policy administration transactions, including:
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Cash Surrenders
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Extended Term Insurance
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Reduced Paid-Up
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Automatic Premium Loan
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Deaths
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Lapses
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Cancellations
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Reinstatements
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Suspend Status
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Policy Loans and Payments
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Dividend Accumulation Withdrawals
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Annuity Withdrawals
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QL.Admin will print before and after policy information
pages which also show who performed the transaction, when it was made, and any
applicable accounting information. A system configuration option provides for
automatic creation of a policy memo to record additional information during
policy maintenance.
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