VANTAGE-ONE Products and Markets
Financial services companies are increasingly under pressure to provide cost-effective administrative support while still providing innovative products and excellent service. The VANTAGE-ONE system meets these needs.
VANTAGE-ONE supports both group processing for annuity products, including 401(k) and 403(b) product lines and group universal life business. In addition, extensive support is provided for all types of individual lines of business.
- Annuity Products
Fixed Annuities, Variable Annuities, Deferred Annuities, Equity-Indexed Annuities, Unbundled Annuities, Market Value Adjusted Annuities, Tax Sheltered Annuities, Roth IRA, SIMPLE/SEP IRAs, Standard IRAs, Guaranteed Investment Contracts - Universal Life Products
Universal Life, Variable Universal Life, Survivorship UL and VUL - Term and Whole Life Products
Level and Decreasing Term, Participating and Non-Participating Whole Life - Riders and Benefits
Guaranteed Death Benefit Riders, Term Insurance Riders, Children’s Term, Family Term, Waiver of Premium/COI, Accidental Death Benefit, Guaranteed Insurability, Cost of Living Adjustment, Accelerated Benefit Rider, Mix-and-Match Benefit Support
All group, policy and transaction-level processing is controlled by business rules established for each plan of insurance using the VANTAGE-ONE Product Wizard. This tool allows new plans to be created easily, either through cloning an existing plan (with limited changes) or by importing large sets of rates and values from an external source such as a spreadsheet developed by the actuarial department.
Variable Products
The strength of VANTAGE-ONE’s variable processing is its ability to easily handle a virtually unlimited number of investment funds, dollar-cost averaging, portfolio rebalancing, scheduled withdrawals and asset allocation.
Markets
VANTAGE-ONE supports all of the products that are marketed to the fastest-growing segments of the U.S. insurance market.
- Qualified and Non-Qualified, Individual or Group
VANTAGE-ONE supports products sold in the non-qualified markets, such as individual deferred annuities and term life, as well as qualified products like tax sheltered annuities, IRAs and deferred compensation. VANTAGE-ONE supports both individual contracts and group annuity/401(k) products. - Proprietary or Wrapped Products
VANTAGE-ONE supports insurance and annuity products marketed through bank and broker/dealer distribution channels.