IPG Life Services, Ltd.

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International Planning Group

Third Party Administration Services

Our services include:

Agent Approval    Underwriting    Issue    Delivery    Administration    Reporting    Service

1)          AGENT APPROVAL                                                                     

·       Perform Due Diligence

·       Create Agent Contract

·       Supply Agency with Forms, etc.

·       Train Agency

2)           UNDERWRITING                                                                            

·       Identify a Qualified Contract Underwriter

·       Oversee Underwriting Process

·       Evaluate and Approve Medical Facilities and Laboratories

·       Track Examinations and Coordinate Payment to Examiner and Laboratory

·        Maintain Supplies at the Approved Medical Facilities

·        Coordinate the Ordering of Attending Physicians Statements (APS)

·        Coordinate Inspection Reports Where Required

·        Assemble Complete Underwriting Package and Submit to Contract Underwriter

·        Coordinate and Negotiate Underwriting Decisions

·        Receive Medical Underwriting Offer

·        Oversee Remaining Underwriting Requirements

·        Prepare Initial Premium Invoice

3)          POLICY ISSUE                                                                        

·       Obtain Policy Illustrations

·       Verify Receipt of Premium

·       Generate Policy Pages

·       Assemble Policy Contracts

·       Calculate Initial Commission Payable

·       Calculate Initial Reinsurance Payable

·       Calculate Policy Profit Analysis if Applicable

4)           POLICY DELIVERY                                                            

·       Forward Policy to Agent and/or Trustee

·       Track Receipt of Acknowledgement of Delivery and Other Amendments

5)          ONGOING POLICY ADMINISTRATION                                   

·       Create Insurer Specific Client Database

·       Create Annual Statements

·       Coordinate With Fund Managers for Variable Product

·       Perform Lapse Reporting

·       Perform Surrender Reporting

·       Perform Withdrawal Processing

·       Perform Loan Processing

·       Process Death Claims

·       Perform Monthly Reinsurance Reporting

·       Produce Agent Commission Statements

·       Invoice for Renewal Premium

·       Calculate Agent Commission Payment

6)          ONGOING INSURER REPORTING REQUIREMENTS                         

·       Prepare Monthly Commission Statements

·       Prepare Monthly Valuation Reports

·       Prepare Monthly Accounting Reports

7)          POLICYHOLDER SERVICE                                                  

·       Process Change of Owner Requests

·       Process Change of Beneficiary Requests

·       Process Change of Face Amount Request

·       Process Change of Asset Allocation

·       Process Request for Values, etc.

·       Process Requests for Withdrawals, Loans, Surrenders

·       Process Death Claims

·       Verify Payment of Death Claims, Loans, Surrenders and Withdrawals

·       Perform Inforce Illustrations

An  International  Planning  Group Company

©COPYRIGHT 2001 IPG Life Services, Ltd

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