How To Manage Money On One Contract

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1 WEALTH MANAGEMENT ACCELERATOR GIVE YOUR CUSTOMERS THE FREEDOM TO PROTECT, SAVE AND ACCESS ASSETS software for LIFE INSURANCE AND ANNUITY ADMINISTRATION

2 GIVE YOUR CUSTOMERS THE FREEDOM TO PROTECT, SAVE AND ACCESS ASSETS ADDRESS YOUR CUSTOMERS GROWING DEMANDS Your customers count on you to safeguard their assets, but they also want to invest their money and spend it as they see fit. They want to move freely between asset accumulation and disbursement, and they want to know where they stand at any given moment. What is your company doing to meet the demands of an entire generation of retirees? Rapidly Launch Innovative Products Manage Accumulation and Disbursement on One Contract Improve Customer Service to Producers and Policy Owners CSC s Wealth Management Accelerator is the industry s first comprehensive administration software that lets you shift freely between accumulation and disbursement at any time eliminating the need to manage two separate contracts after maturity. Wealth Management Accelerator is a function-rich system for life insurance and annuities that simplifies back-office processes, reduces IT maintenance and gives producers and policy owners immediate access to online transactions. It s the only system designed to give your customers the freedom to take control of their assets. Simplify Workflows and Increase Staff Productivity at Contract Maturity Lower IT Maintenance Costs WEALTH ACCUMULATION WEALTH DISTRIBUTION

3 TAKE AN INTEGRATED APPROACH TO YOUR OPERATIONS GET A FULL RANGE OF CAPABILITIES Wealth Management Accelerator is part of CSC s integrated suite of life and annuity software that helps insurers create new products, reduce operating costs and improve relationships with distributors, policy owners and regulators. Unlike single-focus systems for policy administration or customer relationship management, CSC s life and annuity systems address your full range of needs: Product configuration New business Customer service Policy administration Incentive compensation Claims management Business analytics/reporting Work management Built with an advanced, service-oriented architecture, CSC s systems have the most insurance functions and features available industry-wide. Each system can be plugged into existing legacy environments to address troublesome operations that need immediate attention or the entire set can be deployed across your enterprise as a fully integrated replacement system. Wealth Management Accelerator is designed to efficiently process both large and small blocks of insurance policies and annuities, using either a mainframe processor or a mid-tier server. It supports concurrent processing, allowing organizations to process business 24 hours a day, 7 days a week. TOP MUTUAL INSURER ADOPTS END-TO-END WEALTH MANAGEMENT SOFTWARE One of the nation s largest mutual life insurers was struggling with managing multiple administration systems. New products were difficult to introduce, and processing costs were high. After talking to CSC, the company opted to consolidate systems onto Wealth Management Accelerator. Together, we combined the insurer s policy activities and repetitive payment systems onto one platform that supports today s more demanding customers. And, with policy information such as values, funds and coverage bundled in a series of tabs on the screen, CSRs can provide customers with accurate information quickly. Wealth Management Accelerator is essential as a growing number of baby boomers approach retirement age, said the company s IT manager. We now have more flexibility to provide great service while reducing our back-office costs.

4 PROVIDE END-TO-END SUPPORT FOR LIFE AND ANNUITIES Annuities Fixed and Variable Deferred Annuities Fixed and Variable Immediate Annuities Equity-Indexed Annuities Unbundled Annuities Market Value-Adjusted Annuities Tax-Sheltered Annuities Roth IRA Guaranteed Investment Contracts Life Insurance Fixed and Variable Universal Life Equity-Indexed Universal Life Survivorship UL and VUL Participating and NonParticipating Whole Life Target Death Benefit Whole Life Joint Life Riders and Benefits Return of Premium Guaranteed Benefit Options Term Insurance Riders Children s Term Family Term Waiver of Premium/COI Accidental Death Benefits Guaranteed Insurability Cost-of-Living Adjustments Accelerated Benefit Riders Long-Term Care Riders Disability Income Riders User-Defined Riders/ Benefits GET COMPREHENSIVE PROCESSING CAPABILITIES A complete, fully integrated administration system, Wealth Management Accelerator supports the creation of all types of insurance and investment products from fixed and variable annuities to universal life, whole life and term insurance products. In addition to product configuration, the system includes the industry s most comprehensive contract administration functions from display and quotation of contract values to online contract changes and financial transaction processing. It manages compliance, billing and collections, cash management, disbursements and accounting. It supports a virtually unlimited number of investment funds, asset allocation and re-allocation. BUILD PRODUCTS EASIER AND FASTER Wealth Management Accelerator s product-builder tool supports product rules and calculations through a series of formulas defined externally from the processing system. As product requirements change, rules can be quickly modified to reflect new product attributes. New products can be launched in days instead of weeks or months. Wealth Management Accelerator includes an easy-to-use configurator that walks users through the product creation process interactively. New products can be built quickly by cloning existing plans. Rates and values are easily imported from external values created in Microsoft Excel or from similar data sources. And these product configurations can be shared with other systems throughout your enterprise. GAIN INSIGHT WITH BUSINESS INTELLIGENCE CSC integrates best-in-class business intelligence tools that enable users to unlock complex data from multiple systems. With CSC s business intelligence component, companies can predict changes in their businesses, track key business metrics with customized graphical dashboards and proactively respond to rapidly changing conditions. With interactive Web access to business reports, detailed data and other business information, your management team can make better-informed decisions.

5 SUPPORT ALL WEALTH DISBURSEMENT PLANS OFFER FLEXIBLE BENEFIT PAYMENT OPTIONS In addition to asset management, retirees need a stream of benefit payments to meet obligations and support their desired lifestyles. Wealth Management Accelerator supports a full range of benefit payout capabilities from immediate annuities and pension trusts to structured settlements and lottery awards. Wealth Management Accelerator supports multiple asset retention methods, such as scheduled withdrawals and minimum-required distribution. These methods of supporting disbursements allow insurers to keep policies and contracts in force while giving the policy owner access to a portion of the value of the policy. Other supported wealth disbursement features include: Dollar cost averaging Portfolio rebalancing Unbundled products Periodic disbursements Disbursements Immediate Annuity Payouts Pension Trusts Terminal Funding Contracts Supplementary Contracts Structured Settlements Lottery Awards Scheduled Withdrawals Required Minimum Distributions Multiple Payment Options Fixed Payment, Period Certain and Period Certain with Life Options Straight Life Temporary Life Joint and Survivor Level Payouts for Variable Fund Contracts Lump-Sum Interest-Only Minimum Distribution Guaranteed Refund

6 FUTURE-PROOF YOUR TECHNOLOGY SIMPLIFY INTEGRATION ACROSS SYSTEMS Wealth Management Accelerator complies with CSC s proven, service-oriented architecture, which enables communications between Web technology, legacy systems and commercial software components through adapters to middleware services. Using business process management (BPM) tools, these adapters expose business services to analysts, software engineers and end users who can collectively redesign processes in the same environment. Wealth Management Accelerator uses industry-standard ACORD TxLife transactions embedded in a SOAP message to communicate with complex financial services environments. It interfaces with downstream systems through an easy-to-use mapping facility using proprietary or non-proprietary XML or fixed-length formats. COUNT ON WORLD-CLASS SUPPORT CSC works directly with you to ensure you attain the highest value from your systems. We offer proven programs for conversion to new systems and ongoing software enhancements to meet your organization s unique needs. We continually engage you through telephone conferences, client forums and users group meetings to promote open, two-way communication. We have more than 35 years of experience in insurance systems and processes. More insurers trust their policies and contracts to CSC than to any other company. GIVE YOUR CUSTOMERS WHAT THEY WANT Give your customers the freedom they re demanding. Give them the industry s first software to meet the needs of both wealth accumulation and disbursement. Wealth Management Accelerator is a new-generation system designed to help you give your customers what they want. For more information about Wealth Management Accelerator, call or send an to inforequests@csc.com.

7 CSC S FOCUS ON LIFE AND ANNUITIES REACH FOR NEW HEIGHTS IN PERFORMANCE AND FLEXIBILITY APPLICATION SOFTWARE Product Development Work Management Risk Management and Business Analytics Litigation Management New Business and Underwriting Customer Service Policy Administration Claims Compensation Mobile Insurance APPLICATION OUTSOURCING AND SERVICES Implementations and Upgrades Conversions and Consolidations Development, Maintenance and Enhancements Testing and Quality Assurance User and Production Support Managed Hosting Performance Engineering and Optimization INFRASTRUCTURE OUTSOURCING AND SERVICES Cloud Computing Desktop Virtualization Network Management Data Center Operations Voice and Communications Disaster Recovery Help Desk Services Security Services BUSINESS AND TECHNICAL CONSULTING Enterprise Roadmap Customer and Business Performance Intelligence Enterprise Resource Planning (ERP) IT and Business Alignment Performance Engineering Application Portfolio Modernization BUSINESS PROCESS SERVICES Business Process Outsourcing Business Process as a Service Active and Closed Block Administration New Product Launches and Start-Ups Transaction-Based BPO

8 Worldwide CSC Headquarters North America 3170 Fairview Park Drive Falls Church, Virginia United States Asia 20 Anson Road #11-01 Twenty Anson Singapore Republic of Singapore Australia Level 6/Tower B 26 Talavera Road Macquarie Park, NSW 2113 Sydney, Australia +61(0) Europe, Middle East, Africa Royal Pavilion Wellesley Road Aldershot, Hampshire GU11 1PZ United Kingdom +44(0) Latin America Rua Alexandre Dumas, º andar CEP São Paulo/SP - Brasil About CSC The mission of CSC is to be a global leader in providing technology-enabled business solutions and services. With the broadest range of capabilities, CSC offers clients the solutions they need to manage complexity, focus on core businesses, collaborate with partners and clients and improve operations. CSC makes a special point of understanding its clients and provides experts with real-world experience to work with them. CSC leads with an informed point of view while still offering client choice. For more than 50 years, clients in industries and governments worldwide have trusted CSC with their business process and information systems outsourcing, systems integration and consulting needs. The company trades on the New York Stock Exchange under the symbol CSC. About CSC in Financial Services CSC provides mission-critical business solutions, consulting and outsourcing services to leading financial services firms around the world. We bring more choices to the industry. We help clients plan for business and technology change. We create software, tools and processes to address specific business needs, and we continually enhance those solutions by collaborating with an extensive network of client communities and technology partners. Our global outsourcing operations give us real-world insight into business and IT processes that deliver the best results for our clients. More than 1,200 major banks, insurers, and investment management and securities firms rely on the experience, ingenuity and leadership of more than 10,000 CSC employees focused on financial services Computer Sciences Corporation. All rights reserved. Printed in USA