Bonus Rate Definition
To attract a new annuity buyer, during the first year that an annuity is in force, an extra percent of interest is credited. This amount is above the interest rate credited starting with the second year and the annuity's remaining years.
ProgramBusiness Storefront owner AMS Services http://www.programbusiness.com/tracking/sftracker.asp?SFid=188 reports that Marshall & Swift / Boeckh’s Residential Component Technology™ is now available as an embedded component of AMS Rating’s QuoteWorks for Personal Lines. The new product will be made available to existing QuoteWorks and Marshall & Swift / Boeckh subscribers as of July 2003 at no charge.
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The combined product delivers a streamlined workflow to agencies by allowing the CSR to obtain home valuation as part of the quote without interrupting the process. The new embedded version of RCT looks and feels like QuoteWorks and stores the valuation data with the client quote information, in the same database. Up until now, an agency had to exit the rating system and re-enter duplicate data in the valuation tool, slowing down the sales process.
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Salil Donde, senior vice president and general manager of AMS Rating, comments. "Accurate replacement cost estimation is an important part of making sure the homeowner is insured for the proper amount. With this release of QuoteWorks we are now able to provide our agency customers with an integrated workflow that includes RCT replacement cost functionality."
connecticut contractors insurance Peter Wells, senior vice president of Marshall & Swift / Boeckh, also comments. "Because Residential Component Technology™ prepares component-based estimates using a home’s unique characteristics and local material and labor costs, policyholders receive a more accurate replacement cost valuation."
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