IDENTIFYING POLICIES WITH COI INCREASES
Identifying policies, Policy Owners and Agents that are impacted by COI increases takes seconds using NIC's policy filters.
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From the left nav, click on the Life Policies link
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Using the Product filter, select one or multiple product lines (UL, TERM, IUL, VUL)​​​
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Using the Carrier filter, select the Carrier
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Using the Policy Effective Date filter, select the date range
Cost of Insurance Increases
Identifying Agents and Policy Owners impacted by Cost of Insurance (COI) increases can be time consuming and cumbersome. This time could be used for more productive activities.
NIC makes it quick and easy to identify policies, Policy Owners and Agents impacted by these changes.
CREATE LISTS OF POLICIES
Once the policies have been identified, you can create a list of all those policies.
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After you have identified policies, select all policies by checking off the checkbox in the header line. (When the blue box appears, make sure you click on Select all xxx policies)
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Click on Add to list
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Enter your list name
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Click on Proceed
SHARING LISTS WITH YOUR AGENTS
Sharing a list with your Agents is secure as no confidential information is sent over the internet.
Each Agent receives an email notification that a list has been shared with them and is available to them, but they are required to log into NIC to see the list.
If the list contains policies for multiple Agents, each Agent will only see the policies assigned to them (where they are the writing or servicing Agent assigned to the policy by the Carrier).
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From the Lists page, click on the kebab menu under the Actions column (located at the far right) and click on Send to agents
A pop-up window will open.
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Select the Also send the agent an email notification box if you would like your Agents to receive an email alerting them about the list you are sharing with them
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Type in any message you would like to share with your Agents
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Click Send List
EMAIL NOTIFICATIONS
AGENT IN-APP NOTIFICATIONS
In addition to email notifications, NIC also generates
In-App Notifications for each Agent, along with your message.
If you have selected the Also send the agent an email notification box in the pop-up window, your Agents will receive an auto-generated email from NIC.
The notification emails are only sent to Agents with email addresses on NIC.
The notification email will contain your name as the user sharing the list, and also a link to the Agent App so the Agent can click on it to get direct access to the Agent App Login page, where they can see the shared list.
NOTE:
LOG IN link appears for Agents already on NIC platform and will take the Agent to the NIC Advisor App login page.
JOIN US link appears for Agents who are not on NIC platform but are part of your list. If they wish to subscribe to the NIC Advisor App all they have to do is click on Join Us and complete the short onboarding process.
AGENT SHARED POLICY LIST
Clicking on the notification (email or in app) will take the Agent directly to their list of impacted policies.
MANAGING THE COI INCREASES
Agents can leverage NIC to manage each Policy Owner impacted by the COI increases.
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