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Life Design Analysis

Life Design Analysis

Overview

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...

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Recent Reviews
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Pricing

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Basic

$30.42

Cloud
per month

Pro

$46.21

Cloud
per month

Elite

$61.87

Cloud
per month

Entry-level set up fee?

  • No setup fee
For the latest information on pricing, visithttps://lifedesignanalysis.com/features…

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

Starting price (does not include set up fee)

  • $30.42 per month
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Product Details

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.

Key Features

Quoting & Illustrations: According to the vendor, Life Design Analysis integrates with LifeGuide to provide advanced quoting and illustration capabilities, supporting various life insurance products and offering financial needs analysis tools.

Client Management: The platform provides a centralized platform to manage client information and cases, with sortable and searchable tables for easy access and reminders for important dates, according to the vendor.

Policy Management: According to the vendor, Life Design Analysis consolidates in-force policies in one location, providing a global view across carriers, maximizing sales potential, and automating policy updates and milestones.

Compliance: The vendor states that the platform offers compliance backup with document storage, a single view of all clients' compliance documents, and encrypted backup to ensure regulatory compliance.

Advanced Concepts: According to the vendor, Life Design Analysis allows advisors to present various advanced concepts, with togglable report components for customized presentations and yearly updated tax tables.

LeadGen: The vendor claims that the platform converts inbound web traffic into prospective clients with an embedded LeadGen widget, capturing digital leads and generating tailored presentations.

In-Force Policy Automation: According to the vendor, Life Design Analysis streamlines workflow by automating in-force policy updates and notifications, maximizing sales potential and saving time.

Data Security: The vendor emphasizes that Life Design Analysis prioritizes data security and encryption, hosting data in Canada and adhering to SOC Type II certification.

24hr Support: According to the vendor, Life Design Analysis provides 24-hour support to assist users with inquiries or issues they may have.

Advanced Case Sharing: The vendor states that Life Design Analysis allows users to easily share cases with clients through dynamic and heat-mapped digital reports, providing valuable insights into case interactions.

Life Design Analysis Technical Details

Deployment TypesSoftware as a Service (SaaS), Cloud, or Web-Based
Operating SystemsUnspecified
Mobile ApplicationNo
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Comparisons

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Reviews and Ratings

(1)

Reviews

(1-1 of 1)
Companies can't remove reviews or game the system. Here's why
Samantha Forbes | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Incentivized
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.
  • Comparisons
  • Quotes
  • Needs Analysis
  • Policy notifications for updates, renewals, anniversary dates
  • Online client presentations
  • In Force policy automation
  • Lead Generation
  • 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.
We recently showed a "potential client" who is now a client a comparison of an insurance product he was sold to a strategy we would have recommended and they were blown away at the difference. So much so, they cancelled the current product and went with our recommendation. The presentations are very powerful.
  • Comparisons
  • Analysis
  • Presentations
  • Reports
  • This software has paid for itself many times over
  • Has doubled conversion rates
  • It has upped our financial planning game
I have never seen another product like Life Design Analysis and I don't believe there is another one out there that can do the same. If there is one, I would have a hard time believing it has the same features and capabilities as Life Design Analysis. (LDA) The reports are unmatched.
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