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ALIP Policy Administration

Operate faster, smarter and easier with a policy administration system that accelerates new product delivery and excels at customer service.

Stay ahead of consumer demands

Operate faster and more efficiently with enhanced customer satisfaction.

  • Launch new products faster with one of the largest libraries of production-ready, configurable product templates.

  • Slash operating costs with GenAI-powered tools that automate, configure, test, and integrate.

  • Delight customers with real-time data delivering 360-degree visibility and personalized experiences.

Why continue to let legacy systems diminish your bottom line or limit your top line? Modernize.

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Why ALIP Policy Administration

Enable full in-force processing

  • Claims and payout 
  • Cash management 
  • Billing 
  • Contract management 
  • Fund management 
  • Transaction management 
  • Tax and regulatory 
  • Quotes and inquiries 
  • Correspondence 
  • Accounting

Speed to market via library of prebuilt templates

  • Out-of-the-box-product templates—preconfigured and production tested—accelerate product introduction

  • Preconfigured rules around new product features, riders and benefits easily adapt to your product structure and calculations

  • Preconfigured templates drive efficiency and more effective business process management when managing your policies

Enhance customer service through productivity gains

  • Workbenches available to tailor customer management and contract management

  • Configure and modify business process and quoting pages for your needs

  • Functional access by user type and individual user

  • Approvals, requirements and follow-ups controlled by business rules configuration

Accelerate introduction with product configuration

  • Modern workbench and workflow to create, modify and view products

  • Actuarial calculation engine to support your complex formulas and product tables

  • Robust product, transaction and fund components to allow definition of your specific product needs

  • Product testing debugger and workbench for product mechanics and values testing

Improve operational efficiency with business configuration

  • Modern workbench for designing, visualizing and modifying business rules

  • Easily create web pages without a web developer or programmer

  • Flexible workflow configuration for all your business processes

  • Workbench provides rules testing, monitoring and execution comparison capabilities

Expand your digital footprint

  • Integrated self-service portal
  • Analytics insights and predictive modeling
  • Personalized customer communications
  • Real-time data access

Looking for a product?

Traditional life products

• Whole Life Products
• Term Life Products
• Endowment Life Products
• Disability Income Products
• Critical Illness Products
• Accidental and Health Products
• Long Term Care Products
• Health Products

Non-traditional life products

• Universal Life Products
• Variable Universal Life Products
• Guaranteed Living Benefits
• No Lapse Guarantee Universal and Indexed Life
• Equity Index Universal Life Products
• Variable Life Products
• Interest Sensitive Life Products
• Required Premium Life Products

Annuity products

• Fixed Annuities
• Variable Annuities
• Deferred and Immediate Annuities
• Guaranteed Living Benefit Riders
• Equity Index Annuities
• Market Value Adjusted Annuities
• Settlement Options
• Structured Settlements
• Single and Flexible Premium Annuities
• Indexed Linked Annuities
• Registered Index Linked Annuities