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Advizr Workplace from Advizr
Includes insurance needs assessment tools, life insurance gap analysis, and client-friendly interface for insurance planning. Features goal-based planning approach with clear visualization of insurance coverage needs and interactive client engagement tools.
Product analysis by function
Insurance Needs Analysis Software for Financial Planning
Applications that help advisors quantify clients' life, disability, long-term care, and property/casualty insurance needs based on their financial situation and goals.
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Client Data Input & Management
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Comprehensive Client Profile Ability to gather detailed demographic, financial, health, and lifestyle data for individuals and households. |
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Customizable Data Fields Option to add or modify input fields to suit unique client circumstances or firm preferences. |
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Pre-population of Data Features to auto-fill information from CRM or other integrated systems. |
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Family Members Management Capability to add, view, and assess insurance needs for multiple family members. |
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Bulk Import/Export Ability to upload/download client data in batches. |
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Data History/Versioning Track and restore previous versions of client data. |
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Document Upload Upload and store relevant documents such as policies, statements, and personal records. |
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Data Validation Built-in checks for data accuracy and completeness. |
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Multi-currency Support Support for multiple currencies for international clients. |
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Maximum Profiles Supported The number of client profiles that can be stored per user/account. |
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Needs Analysis & Calculation Engine
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Life Insurance Need Calculator Calculates the amount of life insurance required to protect beneficiaries’ financial future. |
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Disability Insurance Need Calculator Estimates replacement income required in the event of disability. |
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Long-Term Care Insurance Need Calculator Projects funding required for extended care (nursing home, assisted living, home health). |
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Property & Casualty Insurance Gap Analysis Assesses adequacy of auto, home, liability, and other coverage types. |
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Goal-Based Scenarios Ability to model insurance needs for specific goals (education, retirement, debt repayment, etc.). |
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Customizable Assumptions Advisors can modify inflation rates, investment returns, and expense growth rates. |
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Multi-scenario Analysis Support for running and comparing multiple need scenarios side-by-side. |
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Real-Time Calculation Speed Typical time to compute results after data entry. |
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Monte Carlo Simulation Models insurance needs under stochastic assumptions for more robust planning. |
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Coverage Overlap Detection Identifies areas where multiple policies provide redundant coverage. |
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Integrations & Data Connectivity
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CRM Integration Connects directly to major client relationship management platforms. |
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Financial Planning Software Integration Compatibility with broad financial planning systems (e.g., eMoney, MoneyGuidePro, RightCapital). |
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Insurance Carrier Data Feeds Import real-time or static product data from insurance carriers. |
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API Access Availability of API endpoints for custom integrations. |
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Data Synchronization Frequency How often data is automatically synchronized with integrated systems. |
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Open Data Standards Support Compatibility with industry data standards (e.g., ACORD, FpML). |
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Single Sign-On (SSO) Allows seamless login across integrated platforms. |
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Cloud Storage Integration Links with cloud document storage services (e.g., Dropbox, OneDrive). |
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Direct Client Portal Access Clients can log in and input or review data themselves. |
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Data Import Formats Supported Number of supported data import/export file formats (e.g., CSV, XLSX, JSON, XML). |
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Reporting & Presentation Tools
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Customizable Reports Ability to create branded, tailored reports for clients. |
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Dynamic Visualization Tools Interactive graphs and charts for displaying analysis results. |
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Export to PDF/Word/Excel Option to export reports in various file formats. |
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Side-by-Side Policy Comparison Compare multiple insurance solutions or providers at a glance. |
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Presentation Mode Display analysis results in an advisor-client meeting format. |
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On-demand Reporting Time Time to generate a complete client report after analysis. |
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Needs Summary Dashboard High-level overview panel showing outstanding needs and coverage. |
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Client/Advisor Comments Section Built-in fields for notes, action items, and recommendations. |
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Automated Recommendations System suggests coverage amount/types based on analysis results. |
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Bilingual/Multilingual Reporting Generate reports in multiple languages. |
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Compliance & Regulatory Features
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Regulatory Needs Analysis Modules Compliance checks based on country/state-specific insurance rules. |
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Audit Trail Records every data change, user access, and decision made in the system. |
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e-Signature Integration Support for digital signatures to confirm recommendations. |
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Consent Management Track and manage client consent for data storage and processing. |
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Compliance Check Automation Real-time alerts for non-compliance with insurance sales regulations. |
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Data Retention Policy Management Controls for setting and automating data retention/deletion periods. |
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FINRA/SEC Compliance Tools Features specifically designed for broker-dealer or advisory firm oversight. |
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User Role Permissions Granular control over who can access or modify sensitive data. |
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Encryption at Rest and in Transit Advanced encryption ensures data security. |
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Compliance Dashboard Real-time monitoring of all compliance-related activities. |
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User Experience & Accessibility
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Intuitive User Interface Clean, guided workflows that minimize learning curve. |
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Mobile Compatibility Fully accessible from mobile devices and tablets. |
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Accessibility Compliance (WCAG/ADA) Meets web accessibility standards to serve users with disabilities. |
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Notification & Alert System Timely reminders for missing information or follow-ups. |
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Navigation Speed Average time to load a new screen or section. |
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Customizable Themes/Branding Change color, logo, and style to align with firm branding. |
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Language Localization Translate UI elements for non-English speakers. |
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Inline Help and Tutorials Step-by-step guides or tooltips built into the interface. |
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Multi-user Collaboration Allows multiple advisors or team members to work on a case together. |
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Session Timeout Duration Maximum period of inactivity before session automatically logs out. |
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Product Selection & Recommendation Tools
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Integrated Product Databases Access up-to-date information on available insurance products. |
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Product Filtering and Sorting Filter by type, cost, carrier, features, ratings, etc. |
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Quotation Engine Instant quotes from multiple insurers. |
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Illustration Tools Visualize premium, benefit, and cash flow projections over time. |
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Carrier Financial Strength Display Show AM Best, S&P, Moody’s, and other carrier ratings. |
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Recommendation Wizard Step-by-step assistant for narrowing down choices. |
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Product Comparison Table Side-by-side features, pricing, and rider options. |
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Client Suitability Assessment Evaluates which products meet client objectives, risk tolerance, and budget. |
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Rider/Endorsement Configurator Add, remove, or customize policy riders as part of the selection process. |
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Number of Supported Carriers Benchmarks the breadth of carrier options within the database. |
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Security & Privacy
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Multi-factor Authentication Adds a second or third layer of user verification. |
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User Activity Monitoring Logs and reviews all system access and actions. |
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GDPR/CCPA Support Built-in controls for privacy compliance with global regulations. |
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Data Encryption Level Specifies standard (e.g., AES-256) for encryption of stored data. |
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Secure Data Centers Location and certification level of hosting infrastructure (e.g., ISO 27001). |
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Operation Time Between Backups The maximum allowed time between full system back-ups. |
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Automatic Logout Automatically logs users out after inactivity. |
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Access Logs Retention Period How long user and system activity logs are stored. |
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Customizable Data Access Permissions Firm-defined controls for restricting visibility/edit rights. |
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Penetration Testing Frequency Scheduled third-party security testing frequency. |
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Client Engagement Features
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Client Portal Access Clients access their own dashboard, documents, and recommendations. |
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Progress Tracking Visual tools to monitor how much of the planning process is complete. |
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Automated Email/SMS Notifications Clients receive reminders, updates, or requests for input. |
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Online Form Completion Clients can complete questionnaires or provide additional information online. |
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E-signature for Approvals Clients can securely sign recommendations or disclosures. |
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Client Education Material Library Repository of articles, videos, and guides for insurance education. |
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Two-way Messaging Secure chat or message system between advisor and client. |
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Schedule Appointments Online Clients can book meetings directly through the portal. |
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Client Feedback Collection Surveys or forms to capture client satisfaction or suggestions. |
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Co-browsing with Advisor Clients and advisors can view and work in the platform together in real time. |
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Training, Support & Onboarding
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Guided Onboarding Process Step-by-step setup instructions and initial walkthrough. |
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Knowledge Base Access Extensive searchable documentation and FAQs. |
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Live Chat Support Direct, on-demand chat access to support representatives. |
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Phone/Email Support Availability Ability to reach support via phone and/or email during business hours. |
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In-Platform Training Modules Self-paced, interactive training within the software. |
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Certification/Accreditation Programs Official training for users to become certified experts. |
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Community Forums User-led discussions and peer support. |
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Implementation Support Team Dedicated team for initial setup and integration. |
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Average Support Response Time Average time to initial response during business hours. |
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Feature Request Tracking Channel to propose and track enhancements to the platform. |
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Scalability & System Performance
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Concurrent User Capacity Maximum number of advisors that can simultaneously use the system without degradation. |
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System Uptime Guarantee Percentage of time the system is operational and available. |
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Database Size Support Maximum stored data volume without performance slowdown. |
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Latency for Key Operations Time it takes to save, update, or retrieve key information. |
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Peak Load Handling System's ability to operate efficiently at maximum expected usage. |
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Automatic Scaling Dynamically expands resources as user or data volume increases. |
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Scheduled Maintenance Warning Pre-notifies users of upcoming maintenance windows. |
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Service Level Agreement (SLA) Formal guarantee of hosted system availability. |
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Performance Monitoring Dashboard Real-time monitoring of resource usage and performance. |
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Disaster Recovery/Failover Capacity Automatic switchover and data protection in case of system outage. |
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