Siebel Insurance Guide > Managing Life and Annuity Policies >

Providing Life and Annuities Quotes


In Siebel Insurance, a quote is a policy that has not been issued. End users can provide a quote for a new policy or for a change to an existing policy. For a life insurance quote, users need to specify coverage information in the Coverages view tab.

After the data has been collected, users can submit it to an external rating engine or illustration system to determine an initial premium, future account value, future annuity payments, or other calculations.

Coverages might be defaulted to a standard set (through configuration) or manipulated through the Questionnaire and Coverages views to further refine the quote. Users can collect additional data to aid in the underwriting and administration of the quote.

To generate a life insurance or an annuity quote

  1. Navigate to the Life & Annuities, then the Life Policy List view.
  2. In the Policies/Quote list, add a record and complete the necessary fields.
    • To request a life insurance quote, in the Contract Type drop-down list, select Life Quote.
    • For an annuity quote, in the Contract Type drop-down list, select Annuity Quote.

      NOTE:  Additional fields are available in the More Info view tab.

  3. Drill down on the Policy # hyperlink.
  4. Click the Participants view tab and scroll down to the Contacts list.
    1. In the Contacts list, add a new record for each new participant.
    2. In the new record, complete the fields.

      CAUTION:  Make sure you select the Named check box for each Contact that will be covered under the policy. If you do not check this box, the Contact will not appear in the Questionnaire view.

    3. Repeat Step 4 for each participant to add to the policy.
  5. For all quotes, click the Questionnaire view tab.
  6. In the Insured/Annuitant list, select a record.
  7. Scroll down to the Questionnaire Templates list and add a new record.
    1. In the Template Name field, click the select button.
    2. In the Select Assessment Template dialog box, in the Template Name field, select the desired template and click OK.
    3. Step off the record to save the record and select the saved record.

      The questions appear in the Questionnaire list.

  8. In the Questionnaire list, complete the value field for each question.
  9. For a life insurance quote, click the Coverages view tab.
  10. In the Coverages list, add a record and complete the necessary fields.
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