Sunshine Evolution 5.0
Annuities
Sunshine Presentation › Loan insurance › Life-death Insurance › Pension-Savings › Health insurance › Annuities › Accounting rules ›
Being able to manage all types of annuities and take into account regulatory constraints, have become a major challenge for all Life insurance professionals.
A comprehensive functional scope
Annuity management
- Annuity implementation
- Day to day management › Payment orders › Search for annuitants
- Exceptional contribution
- Annuity review › Death of the main annuitant › Implementation of the survivor’s benefits
- Death of spouse › Death before or after implementation of survivor’s benefits
- Management of overpayments
Periodic processing
- Revaluation
- Annuity payment
- Actuarial reserves
Closing processing
- Actuarial reserves and income statement for annuities › Calculation of interests on annuities account › Calculation of the balance sheet’s actuarial reserves › Recognition of balance sheet’s actuarial reserves › Drawing up of annuities accounts › Settlement of financial statements for annuities
Available annuity formulas
- Life annuity
- Life annuity certain
- Term-certain annuity
- Variable annuity
- Educational annuity
- Deferred payment
- Payment upon presentation of supporting documents
The software package is delivered with :
- Standard formulas
- Legal Mortality tables
- Life Annuity Generation tables
- Several age calculation methods
- Management of impaired ages
