How to create a new Life Policy
When you write a new Life Policy we suggest that before you send the proposal to the Insurer, that you add basic Life Policy details into Adviser CRM. You do not need to add everything, but you should add some basic details such as;
- Who the Primary Correspondence Owner is (Primary Contact)
- Who the Primary Policy Owner is (Contact Name)
- Insurer
- Policy Name (this can be anything but we suggest the Insurers product name
- Stage as Underwriting
- Estimated Close Date
- Premium
- Premium Frequency
- If you want to forecast any up front commissions then you can add a percentage in the Upfront % field
- If you want to set an "estimated" trail commission per year on this policy, you can add a percentage in the Trail % field