#1 most frequent
Canada
77.8%7 installations of 9
What is Life Design Analysis?
Life Design Analysis is a cloud-based sales and productivity platform designed to enhance the practices of life insurance advisors, distributors, and carriers. According to the vendor, it caters to a range of company sizes, including individual advisors, small to medium-sized agencies, and large insurance carriers. The platform offers a suite of tools for quoting, illustration, in-force policy management, compliance automation, needs analysis, and sales processes integration. It is utilized by professionals in the life insurance, insurance distribution, wealth management, and insurance carrier industries.
Categories & Use Cases
Who Buys & Uses Life Design Analysis
#2 most frequent
United States of America
22.2%2 installations of 9
A much needed tool in your arsenal for success
Use Cases and Deployment Scope
We primarily use Life Design Analysis for whole life comparisons for high net worth clients. It enables us to show values of the death benefit, cash values, and the premium over time. There is so much you can do with this software but the visualization of the data is what grabs a client's attention and allows them to get the picture in a much more eye-catching and appealing way versus a sheet full of numbers.
Pros
- Comparisons
- Quotes
- Needs Analysis
- Policy notifications for updates, renewals, anniversary dates
- Online client presentations
- In Force policy automation
- Lead Generation
Cons
- It can be pricey for a start up to get access to all the features, however the payback is worth it.
- Learning curve - As with any new software, there is a learning curve but training is available.
- So many features - make sure you take the time to find out all the features available and how to use them.
Most Important Features
- Comparisons
- Analysis
- Presentations
- Reports
Return on Investment
- This software has paid for itself many times over
- Has doubled conversion rates
- It has upped our financial planning game
Other Software Used
NaviPlan, by Advicent, Microsoft Powerpoint, EverWebinar