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PreciseFP from PreciseFP
Offers detailed insurance-focused data gathering forms, integration with financial planning software, and efficient client onboarding for insurance needs analysis. Enables secure collection of health and financial information necessary for comprehensive insurance planning.
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
(8 Yes /8 Known /10 Possible features)
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Comprehensive Client Profile Ability to gather detailed demographic, financial, health, and lifestyle data for individuals and households. |
PreciseFP offers detailed, insurance-focused data collection forms for demographics, health, lifestyle, and financial information, meeting the requirement for comprehensive client profiles. | |
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Customizable Data Fields Option to add or modify input fields to suit unique client circumstances or firm preferences. |
Platform highlights customizable templates and data fields to suit advisory firms’ or client-specific needs. | |
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Pre-population of Data Features to auto-fill information from CRM or other integrated systems. |
Integrates with several CRMs and financial planning platforms, enabling pre-population of forms and data sync. | |
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Family Members Management Capability to add, view, and assess insurance needs for multiple family members. |
Enables input, review, and management of multiple household/family members in onboarding flows. | |
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Bulk Import/Export Ability to upload/download client data in batches. |
Supports bulk import/export of client data as standard within template and onboarding flows. | |
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Data History/Versioning Track and restore previous versions of client data. |
No information available | |
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Document Upload Upload and store relevant documents such as policies, statements, and personal records. |
Supports secure upload and storage of documents and forms as part of client onboarding. | |
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Data Validation Built-in checks for data accuracy and completeness. |
Data validation features ensure accuracy and completeness before submission or integration. | |
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Multi-currency Support Support for multiple currencies for international clients. |
Supports multiple currencies, as indicated in international user help-desk and settings. | |
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Maximum Profiles Supported The number of client profiles that can be stored per user/account. |
No information available |
Needs Analysis & Calculation Engine
(4 Yes /4 Known /10 Possible features)
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Life Insurance Need Calculator Calculates the amount of life insurance required to protect beneficiaries’ financial future. |
PreciseFP offers automated life insurance need calculation, as noted in their insurance needs workflow. | |
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Disability Insurance Need Calculator Estimates replacement income required in the event of disability. |
No information available | |
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Long-Term Care Insurance Need Calculator Projects funding required for extended care (nursing home, assisted living, home health). |
No information available | |
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Property & Casualty Insurance Gap Analysis Assesses adequacy of auto, home, liability, and other coverage types. |
No information available | |
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Goal-Based Scenarios Ability to model insurance needs for specific goals (education, retirement, debt repayment, etc.). |
Goal-based planning is part of the needs-analysis forms and customizable workflows. | |
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Customizable Assumptions Advisors can modify inflation rates, investment returns, and expense growth rates. |
Template logic allows users to customize calculation assumptions, such as inflation and returns. | |
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Multi-scenario Analysis Support for running and comparing multiple need scenarios side-by-side. |
Multiple scenario support is noted as a feature in client decision-support and what-if analysis. | |
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Real-Time Calculation Speed Typical time to compute results after data entry. |
No information available | |
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Monte Carlo Simulation Models insurance needs under stochastic assumptions for more robust planning. |
No information available | |
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Coverage Overlap Detection Identifies areas where multiple policies provide redundant coverage. |
No information available |
Integrations & Data Connectivity
(5 Yes /5 Known /10 Possible features)
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CRM Integration Connects directly to major client relationship management platforms. |
Connects directly to leading CRMs (e.g., Salesforce, Redtail, Wealthbox) as seen in integration list. | |
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Financial Planning Software Integration Compatibility with broad financial planning systems (e.g., eMoney, MoneyGuidePro, RightCapital). |
Integrates with financial planning platforms such as eMoney, RightCapital, MoneyGuidePro. | |
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Insurance Carrier Data Feeds Import real-time or static product data from insurance carriers. |
No information available | |
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API Access Availability of API endpoints for custom integrations. |
Developer documentation publicly mentions available API for custom integrations. | |
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Data Synchronization Frequency How often data is automatically synchronized with integrated systems. |
No information available | |
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Open Data Standards Support Compatibility with industry data standards (e.g., ACORD, FpML). |
No information available | |
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Single Sign-On (SSO) Allows seamless login across integrated platforms. |
PreciseFP supports SSO (Single Sign-On) via SAML for firm users. | |
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Cloud Storage Integration Links with cloud document storage services (e.g., Dropbox, OneDrive). |
No information available | |
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Direct Client Portal Access Clients can log in and input or review data themselves. |
Clients can access portal to view, complete, and review data from their own account. | |
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Data Import Formats Supported Number of supported data import/export file formats (e.g., CSV, XLSX, JSON, XML). |
No information available |
Reporting & Presentation Tools
(7 Yes /7 Known /10 Possible features)
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Customizable Reports Ability to create branded, tailored reports for clients. |
Customizable, branded reports can be generated using the platform's reporting tools. | |
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Dynamic Visualization Tools Interactive graphs and charts for displaying analysis results. |
Includes interactive client dashboards and visual tools for displaying insurance needs analysis. | |
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Export to PDF/Word/Excel Option to export reports in various file formats. |
Reports can be exported in PDF, Word, and Excel formats as documented in user help resources. | |
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Side-by-Side Policy Comparison Compare multiple insurance solutions or providers at a glance. |
Side-by-side policy comparisons are offered within the client presentation and needs review workflow. | |
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Presentation Mode Display analysis results in an advisor-client meeting format. |
Presentation or 'advisor mode' available for use in client meetings. | |
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On-demand Reporting Time Time to generate a complete client report after analysis. |
No information available | |
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Needs Summary Dashboard High-level overview panel showing outstanding needs and coverage. |
Summary dashboards highlight key insurance needs and gaps for the client. | |
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Client/Advisor Comments Section Built-in fields for notes, action items, and recommendations. |
Notes and comments are supported in the client/advisor workflow section of each case. | |
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Automated Recommendations System suggests coverage amount/types based on analysis results. |
No information available | |
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Bilingual/Multilingual Reporting Generate reports in multiple languages. |
No information available |
Compliance & Regulatory Features
(6 Yes /6 Known /10 Possible features)
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Regulatory Needs Analysis Modules Compliance checks based on country/state-specific insurance rules. |
No information available | |
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Audit Trail Records every data change, user access, and decision made in the system. |
Audit trails are maintained for all client responses and advisor actions on forms. | |
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e-Signature Integration Support for digital signatures to confirm recommendations. |
e-signature capabilities are integrated for client document acknowledgement. | |
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Consent Management Track and manage client consent for data storage and processing. |
Consent management is built into onboarding and data collection flows. | |
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Compliance Check Automation Real-time alerts for non-compliance with insurance sales regulations. |
No information available | |
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Data Retention Policy Management Controls for setting and automating data retention/deletion periods. |
No information available | |
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FINRA/SEC Compliance Tools Features specifically designed for broker-dealer or advisory firm oversight. |
No information available | |
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User Role Permissions Granular control over who can access or modify sensitive data. |
Supports granular permissions and user roles for access control. | |
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Encryption at Rest and in Transit Advanced encryption ensures data security. |
States support for encryption in transit and at rest for client data security. | |
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Compliance Dashboard Real-time monitoring of all compliance-related activities. |
Dashboard monitors real-time compliance activity as part of administration portal. |
User Experience & Accessibility
(6 Yes /6 Known /10 Possible features)
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Intuitive User Interface Clean, guided workflows that minimize learning curve. |
Well-reviewed for having intuitive and clean user workflows. | |
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Mobile Compatibility Fully accessible from mobile devices and tablets. |
Mobile compatible interfaces for both advisors and clients. | |
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Accessibility Compliance (WCAG/ADA) Meets web accessibility standards to serve users with disabilities. |
No information available | |
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Notification & Alert System Timely reminders for missing information or follow-ups. |
Automated notifications and workflow alerts are embedded in onboarding and follow-ups. | |
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Navigation Speed Average time to load a new screen or section. |
No information available | |
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Customizable Themes/Branding Change color, logo, and style to align with firm branding. |
Advisors can customize visual interface elements to match firm branding. | |
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Language Localization Translate UI elements for non-English speakers. |
No information available | |
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Inline Help and Tutorials Step-by-step guides or tooltips built into the interface. |
Inline help and guided form wizards are available for users within the platform. | |
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Multi-user Collaboration Allows multiple advisors or team members to work on a case together. |
Multiple users (team/advisors) can collaborate on a client case or form set. | |
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Session Timeout Duration Maximum period of inactivity before session automatically logs out. |
No information available |
Product Selection & Recommendation Tools
(2 Yes /2 Known /10 Possible features)
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Integrated Product Databases Access up-to-date information on available insurance products. |
Insurance product suggestion templates are available, though product database integration is indirect. | |
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Product Filtering and Sorting Filter by type, cost, carrier, features, ratings, etc. |
No information available | |
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Quotation Engine Instant quotes from multiple insurers. |
No information available | |
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Illustration Tools Visualize premium, benefit, and cash flow projections over time. |
No information available | |
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Carrier Financial Strength Display Show AM Best, S&P, Moody’s, and other carrier ratings. |
No information available | |
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Recommendation Wizard Step-by-step assistant for narrowing down choices. |
No information available | |
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Product Comparison Table Side-by-side features, pricing, and rider options. |
No information available | |
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Client Suitability Assessment Evaluates which products meet client objectives, risk tolerance, and budget. |
Workflow provides an assessment (suitability) feature for aligning products to client needs. | |
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Rider/Endorsement Configurator Add, remove, or customize policy riders as part of the selection process. |
No information available | |
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Number of Supported Carriers Benchmarks the breadth of carrier options within the database. |
No information available |
Security & Privacy
(5 Yes /5 Known /10 Possible features)
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Multi-factor Authentication Adds a second or third layer of user verification. |
Supports multi-factor authentication for user logins. | |
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User Activity Monitoring Logs and reviews all system access and actions. |
Monitors all user and system access as part of security module. | |
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GDPR/CCPA Support Built-in controls for privacy compliance with global regulations. |
Data privacy, GDPR/CCPA compliance features are detailed in their privacy documentation. | |
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Data Encryption Level Specifies standard (e.g., AES-256) for encryption of stored data. |
No information available | |
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Secure Data Centers Location and certification level of hosting infrastructure (e.g., ISO 27001). |
No information available | |
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Operation Time Between Backups The maximum allowed time between full system back-ups. |
No information available | |
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Automatic Logout Automatically logs users out after inactivity. |
Automatic logout after period of inactivity is included for security. | |
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Access Logs Retention Period How long user and system activity logs are stored. |
No information available | |
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Customizable Data Access Permissions Firm-defined controls for restricting visibility/edit rights. |
Customizable data access and permissions (for roles, groups, etc.) are noted in settings and admin documentation. | |
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Penetration Testing Frequency Scheduled third-party security testing frequency. |
No information available |
Client Engagement Features
(7 Yes /7 Known /10 Possible features)
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Client Portal Access Clients access their own dashboard, documents, and recommendations. |
Client portal is a flagship offering, giving clients dashboard access and recommendations. | |
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Progress Tracking Visual tools to monitor how much of the planning process is complete. |
Visually tracks and displays progress of insurance discovery and onboarding process to client and firm. | |
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Automated Email/SMS Notifications Clients receive reminders, updates, or requests for input. |
Automated notifications to clients (email/SMS) are part of the workflow automation and reminders. | |
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Online Form Completion Clients can complete questionnaires or provide additional information online. |
Online forms are a core feature of the workflow and onboarding process. | |
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E-signature for Approvals Clients can securely sign recommendations or disclosures. |
E-signature is supported for all key documents and disclosures. | |
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Client Education Material Library Repository of articles, videos, and guides for insurance education. |
Client education material (articles, guides, etc.) are provided and can be customized within the forms. | |
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Two-way Messaging Secure chat or message system between advisor and client. |
No information available | |
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Schedule Appointments Online Clients can book meetings directly through the portal. |
Clients can book appointments with advisors via scheduling integration. | |
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Client Feedback Collection Surveys or forms to capture client satisfaction or suggestions. |
No information available | |
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Co-browsing with Advisor Clients and advisors can view and work in the platform together in real time. |
No information available |
Training, Support & Onboarding
(6 Yes /6 Known /10 Possible features)
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Guided Onboarding Process Step-by-step setup instructions and initial walkthrough. |
Guided, step-by-step onboarding for new clients and new firms. | |
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Knowledge Base Access Extensive searchable documentation and FAQs. |
Extensive searchable documentation and FAQs are available as part of support. | |
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Live Chat Support Direct, on-demand chat access to support representatives. |
Live chat is a standard support option. | |
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Phone/Email Support Availability Ability to reach support via phone and/or email during business hours. |
Support can be reached directly via both phone and email. | |
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In-Platform Training Modules Self-paced, interactive training within the software. |
No information available | |
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Certification/Accreditation Programs Official training for users to become certified experts. |
No information available | |
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Community Forums User-led discussions and peer support. |
Community forums for users are available via the support channel. | |
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Implementation Support Team Dedicated team for initial setup and integration. |
Implementation support team is highlighted during onboarding and in support resources. | |
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Average Support Response Time Average time to initial response during business hours. |
No information available | |
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Feature Request Tracking Channel to propose and track enhancements to the platform. |
No information available |
Scalability & System Performance
(6 Yes /6 Known /10 Possible features)
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Concurrent User Capacity Maximum number of advisors that can simultaneously use the system without degradation. |
No information available | |
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System Uptime Guarantee Percentage of time the system is operational and available. |
No information available | |
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Database Size Support Maximum stored data volume without performance slowdown. |
No information available | |
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Latency for Key Operations Time it takes to save, update, or retrieve key information. |
No information available | |
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Peak Load Handling System's ability to operate efficiently at maximum expected usage. |
Cloud-native: system performs efficiently at varying loads, as described for advisor and enterprise use. | |
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Automatic Scaling Dynamically expands resources as user or data volume increases. |
Underlying hosting is cloud-based with the ability to dynamically scale by user demand. | |
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Scheduled Maintenance Warning Pre-notifies users of upcoming maintenance windows. |
Scheduled maintenance warnings are emailed and posted in the portal. | |
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Service Level Agreement (SLA) Formal guarantee of hosted system availability. |
Service Level Agreement (uptime/service availability) options are available to enterprise customers. | |
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Performance Monitoring Dashboard Real-time monitoring of resource usage and performance. |
Admins have access to a usage and resource performance monitoring dashboard. | |
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Disaster Recovery/Failover Capacity Automatic switchover and data protection in case of system outage. |
Disaster recovery, data redundancy, and failover are described in the security architecture overview. |
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