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Life Health > Life Insurance

Web Bits: Pacific Life, Hancock, Others

By Staff Writer

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A California insurer has come up with a Web-based reminder system to help insurance producers keep track of the policies they have sold.

Pacific Life Insurance Company, Newport Beach, Calif., and Pacific Life’s sister company, Pacific Life & Annuity, say their new Planned Performance Tracking system can set schedules for automatic Internet deliveries of illustrations of the performance of in-force products.

The system also can schedule reminders for illustrated policy changes, such as switching the death benefit option at a set time after policy purchase, Pacific Life says.

In other insurance Web news:

- John Hancock, Boston, a unit of Manulife Financial Corp., Toronto, has added a feature that permits users of its JH Illustrator software system to complete life insurance applications electronically.

The only handwriting needed during the application process is the producer’s signature and the client’s signature, Hancock says.

Once a producer enters the information needed for a policy illustration, the system can use the information to fill out a life insurance application and select and fill out the supplemental forms that need to come in with the application, Hancock says.

The JH Illustrator system also has a new asset allocation option that uses a client’s responses to a risk tolerance questionnaire to come up with asset-allocation suggestions.

- The retirement arm of Prudential Financial Inc., Newark, N.J., has designed its retirement plan participant Web site.

In addition to updating the visual design and creating a new “snapshot view” on the accounts home page, Prudential has added a “retirement income calculator” that automatically draws on information about a participant’s account balances and contribution rates.

- PacifiCare, Cypress, Calif., a unit of UnitedHealth Group Inc., Minnetonka, Minn., has agreed to sell individual and family health coverage in California through Health Benefits Direct Corp., Radnor, Pa.

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