Added Overloan Protection and Waiver of Premium Riders: (Jan 2020)

    Added Wavier of Premium Rider:

    This was added to support products that have a waiver of premium option or rider. For Waiver of Premium riders, when conditions are met, the planned premiums are waived for a specified period.  

    Intelligent Quote was enhanced to provide the following capability:

    • The Waiver of Specified Premium (WSP) amount and the rating (when applicable) can be specified

     

    Added Overloan Protection Rider:

    This was added to support products that have a rider that prevents policies from lapsing due to outstanding loans on the surrender value.

    Both riders are now displayed in the Reports & Riders section, as seen below:

     

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