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- Life Insurance Management
- Process
- Maturity benefit review
Maturity benefit review
Maturity work begins with a policy and an insurer organization. The review records a maturity date, benefit and beneficiary evidence, then submits a specific Draft revision for decision.
Step by step
-
Prepare review Insurance Coordinator
Insurance Coordinator checks the policy reference, date and benefit evidence on a Draft review.
- Connect benefit case and contract
- Updates Maturity reviews, Policies
-
Check revision Insurance Coordinator
The coordinator compares the expected revision to the current Draft record.
- Compare expected and current revision
- Updates Maturity reviews
-
Submit benefit Insurance Coordinator
The authorization action freezes the matching Draft revision into Submitted and leaves an operation receipt.
- Move Draft to Submitted or retain failure reason
- Updates Maturity reviews, Operation receipts
-
Examine submission Authorized Underwriter
Authorized Underwriter examines the submitted benefit and evidence.
- Review submitted benefit evidence
- Updates Maturity reviews, Policies
-
Reconcile outcome Authorized Underwriter
The underwriter investigates a failed receipt before the next attempt.
- Compare action and current review
- Updates Operation receipts, Maturity reviews
Who does what
Roles and permissions- Insurance Coordinator
- Prepares and submits.
- Authorized Underwriter
- Examines the benefit.
- Auditor
- Reads the revision and receipt trail.
- App Administrator
- Maintains organization scope.
Set up Life Insurance Management your way.
Start free, then use Proto to change fields, steps and approvals before your team goes live.