Includes insurance needs assessment tools, life insurance gap analysis, and client-friendly interface for insurance planning. Features goal-based planning approach with clear visualization of insurance coverage needs and interactive client engagement tools.
Applications that help advisors quantify clients' life, disability, long-term care, and property/casualty insurance needs based on their financial situation and goals.
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Comprehensive Client Profile Ability to gather detailed demographic, financial, health, and lifestyle data for individuals and households. |
Advizr Workplace allows entry of detailed demographic and financial data for personalized insurance analysis. | |
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Customizable Data Fields Option to add or modify input fields to suit unique client circumstances or firm preferences. |
Product documentation and demos show ability to customize fields for goals and personal details. | |
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Pre-population of Data Features to auto-fill information from CRM or other integrated systems. |
No information available | |
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Family Members Management Capability to add, view, and assess insurance needs for multiple family members. |
The platform supports managing multiple family members' data for needs analysis. | |
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Bulk Import/Export Ability to upload/download client data in batches. |
No information available | |
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Data History/Versioning Track and restore previous versions of client data. |
No information available | |
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Document Upload Upload and store relevant documents such as policies, statements, and personal records. |
Users can upload documents and statements as part of client profiles. | |
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Data Validation Built-in checks for data accuracy and completeness. |
Advizr includes structured data entry and alerts for missing or incomplete data. | |
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Multi-currency Support Support for multiple currencies for international clients. |
No information available | |
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Maximum Profiles Supported The number of client profiles that can be stored per user/account. |
No information available |
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Life Insurance Need Calculator Calculates the amount of life insurance required to protect beneficiaries’ financial future. |
Life insurance gap analysis calculation is a core feature. | |
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Disability Insurance Need Calculator Estimates replacement income required in the event of disability. |
No information available | |
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Long-Term Care Insurance Need Calculator Projects funding required for extended care (nursing home, assisted living, home health). |
No information available | |
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Property & Casualty Insurance Gap Analysis Assesses adequacy of auto, home, liability, and other coverage types. |
No information available | |
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Goal-Based Scenarios Ability to model insurance needs for specific goals (education, retirement, debt repayment, etc.). |
Goal-based scenario analysis is available for life, insurance, retirement, and other coverage needs. | |
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Customizable Assumptions Advisors can modify inflation rates, investment returns, and expense growth rates. |
Users can customize planning assumptions, such as inflation or return rates. | |
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Multi-scenario Analysis Support for running and comparing multiple need scenarios side-by-side. |
Multiple scenarios can be run and compared side by side. | |
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Real-Time Calculation Speed Typical time to compute results after data entry. |
No information available | |
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Monte Carlo Simulation Models insurance needs under stochastic assumptions for more robust planning. |
No information available | |
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Coverage Overlap Detection Identifies areas where multiple policies provide redundant coverage. |
No information available |
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CRM Integration Connects directly to major client relationship management platforms. |
Direct integration with CRMs like Salesforce and Redtail are available. | |
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Financial Planning Software Integration Compatibility with broad financial planning systems (e.g., eMoney, MoneyGuidePro, RightCapital). |
Integrates with major financial planning software including eMoney and MoneyGuidePro. | |
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Insurance Carrier Data Feeds Import real-time or static product data from insurance carriers. |
No information available | |
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API Access Availability of API endpoints for custom integrations. |
API access is advertised for custom integrations on the vendor's site. | |
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Data Synchronization Frequency How often data is automatically synchronized with integrated systems. |
No information available | |
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Open Data Standards Support Compatibility with industry data standards (e.g., ACORD, FpML). |
No information available | |
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Single Sign-On (SSO) Allows seamless login across integrated platforms. |
No information available | |
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Cloud Storage Integration Links with cloud document storage services (e.g., Dropbox, OneDrive). |
No information available | |
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Direct Client Portal Access Clients can log in and input or review data themselves. |
Advisors can provide clients with direct portal access for data gathering and review. | |
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Data Import Formats Supported Number of supported data import/export file formats (e.g., CSV, XLSX, JSON, XML). |
No information available |
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Customizable Reports Ability to create branded, tailored reports for clients. |
Reports and dashboards can be branded and customized for clients. | |
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Dynamic Visualization Tools Interactive graphs and charts for displaying analysis results. |
Product features interactive and visual dashboard tools for insurance needs. | |
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Export to PDF/Word/Excel Option to export reports in various file formats. |
Reports can be exported in multiple document formats including PDF. | |
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Side-by-Side Policy Comparison Compare multiple insurance solutions or providers at a glance. |
Side-by-side policy comparison is highlighted in marketing materials. | |
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Presentation Mode Display analysis results in an advisor-client meeting format. |
No information available | |
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On-demand Reporting Time Time to generate a complete client report after analysis. |
No information available | |
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Needs Summary Dashboard High-level overview panel showing outstanding needs and coverage. |
Summary dashboards are included for a high-level overview of client insurance needs. | |
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Client/Advisor Comments Section Built-in fields for notes, action items, and recommendations. |
No information available | |
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Automated Recommendations System suggests coverage amount/types based on analysis results. |
System automatically suggests recommended coverage levels based on analysis. | |
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Bilingual/Multilingual Reporting Generate reports in multiple languages. |
No information available |
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Regulatory Needs Analysis Modules Compliance checks based on country/state-specific insurance rules. |
Not as far as we are aware.* No evidence of jurisdiction-specific automated compliance modules. | |
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Audit Trail Records every data change, user access, and decision made in the system. |
No information available | |
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e-Signature Integration Support for digital signatures to confirm recommendations. |
No information available | |
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Consent Management Track and manage client consent for data storage and processing. |
No information available | |
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Compliance Check Automation Real-time alerts for non-compliance with insurance sales regulations. |
No information available | |
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Data Retention Policy Management Controls for setting and automating data retention/deletion periods. |
No information available | |
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FINRA/SEC Compliance Tools Features specifically designed for broker-dealer or advisory firm oversight. |
No information available | |
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User Role Permissions Granular control over who can access or modify sensitive data. |
Role-based permissions are available for data and workflow access. | |
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Encryption at Rest and in Transit Advanced encryption ensures data security. |
Product documentation stresses encryption in storage and in transit. | |
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Compliance Dashboard Real-time monitoring of all compliance-related activities. |
No information available |
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Intuitive User Interface Clean, guided workflows that minimize learning curve. |
The product is frequently praised for its guided workflows and user-friendly interface. | |
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Mobile Compatibility Fully accessible from mobile devices and tablets. |
Browser/mobile accessibility is promoted in sales collateral. | |
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Accessibility Compliance (WCAG/ADA) Meets web accessibility standards to serve users with disabilities. |
No information available | |
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Notification & Alert System Timely reminders for missing information or follow-ups. |
Notifications are available for both client and advisor actions. | |
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Navigation Speed Average time to load a new screen or section. |
No information available | |
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Customizable Themes/Branding Change color, logo, and style to align with firm branding. |
User-facing documentation indicates white-labeling and branding customization. | |
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Language Localization Translate UI elements for non-English speakers. |
No information available | |
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Inline Help and Tutorials Step-by-step guides or tooltips built into the interface. |
Inline help and tooltips are shown in product UI videos. | |
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Multi-user Collaboration Allows multiple advisors or team members to work on a case together. |
Supports team-based workflows and shared access to client files. | |
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Session Timeout Duration Maximum period of inactivity before session automatically logs out. |
No information available |
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Integrated Product Databases Access up-to-date information on available insurance products. |
Has a regularly updated product database for selection and recommendations. | |
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Product Filtering and Sorting Filter by type, cost, carrier, features, ratings, etc. |
Insurance filtering by type, goal, price is shown in product walkthroughs. | |
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Quotation Engine Instant quotes from multiple insurers. |
Includes instant insurance quotations as part of the workflow. | |
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Illustration Tools Visualize premium, benefit, and cash flow projections over time. |
Visualization tools for premium and coverage analysis are present. | |
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Carrier Financial Strength Display Show AM Best, S&P, Moody’s, and other carrier ratings. |
No information available | |
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Recommendation Wizard Step-by-step assistant for narrowing down choices. |
No information available | |
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Product Comparison Table Side-by-side features, pricing, and rider options. |
Products can be compared side-by-side by features and costs. | |
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Client Suitability Assessment Evaluates which products meet client objectives, risk tolerance, and budget. |
Platform supports suitability assessment based on client profile and goals. | |
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Rider/Endorsement Configurator Add, remove, or customize policy riders as part of the selection process. |
No information available | |
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Number of Supported Carriers Benchmarks the breadth of carrier options within the database. |
No information available |
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Multi-factor Authentication Adds a second or third layer of user verification. |
Multi-factor authentication is a standard security feature. | |
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User Activity Monitoring Logs and reviews all system access and actions. |
No information available | |
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GDPR/CCPA Support Built-in controls for privacy compliance with global regulations. |
Privacy and data protection controls are referenced in compliance materials. | |
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Data Encryption Level Specifies standard (e.g., AES-256) for encryption of stored data. |
No information available | |
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Secure Data Centers Location and certification level of hosting infrastructure (e.g., ISO 27001). |
Hosted on secure cloud providers with compliance certifications. | |
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Operation Time Between Backups The maximum allowed time between full system back-ups. |
No information available | |
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Automatic Logout Automatically logs users out after inactivity. |
Automatic logout is part of the session security settings. | |
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Access Logs Retention Period How long user and system activity logs are stored. |
No information available | |
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Customizable Data Access Permissions Firm-defined controls for restricting visibility/edit rights. |
No information available | |
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Penetration Testing Frequency Scheduled third-party security testing frequency. |
. | No information available |
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Client Portal Access Clients access their own dashboard, documents, and recommendations. |
Self-service client portal provides dashboard, document access and recommendations. | |
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Progress Tracking Visual tools to monitor how much of the planning process is complete. |
Progress tracker graphic is shown in user demo videos. | |
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Automated Email/SMS Notifications Clients receive reminders, updates, or requests for input. |
Automated reminders and emails can be triggered for clients and advisors. | |
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Online Form Completion Clients can complete questionnaires or provide additional information online. |
Portal allows clients to complete needs surveys and provide info online. | |
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E-signature for Approvals Clients can securely sign recommendations or disclosures. |
No information available | |
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Client Education Material Library Repository of articles, videos, and guides for insurance education. |
No information available | |
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Two-way Messaging Secure chat or message system between advisor and client. |
No information available | |
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Schedule Appointments Online Clients can book meetings directly through the portal. |
Clients can schedule meetings with advisors through the platform calendar tools. | |
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Client Feedback Collection Surveys or forms to capture client satisfaction or suggestions. |
No information available | |
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Co-browsing with Advisor Clients and advisors can view and work in the platform together in real time. |
No information available |
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Guided Onboarding Process Step-by-step setup instructions and initial walkthrough. |
Guided onboarding flows are standard for new users, per demo. | |
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Knowledge Base Access Extensive searchable documentation and FAQs. |
Support documentation and FAQ knowledge base provided. | |
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Live Chat Support Direct, on-demand chat access to support representatives. |
Live chat available as support channel per website. | |
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Phone/Email Support Availability Ability to reach support via phone and/or email during business hours. |
Support is reachable via email and phone during business hours. | |
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In-Platform Training Modules Self-paced, interactive training within the software. |
Interactive training modules are part of the onboarding experience. | |
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Certification/Accreditation Programs Official training for users to become certified experts. |
No information available | |
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Community Forums User-led discussions and peer support. |
No information available | |
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Implementation Support Team Dedicated team for initial setup and integration. |
No information available | |
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Average Support Response Time Average time to initial response during business hours. |
. | No information available |
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Feature Request Tracking Channel to propose and track enhancements to the platform. |
Feature request and tracking functionality available through portal. |
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Concurrent User Capacity Maximum number of advisors that can simultaneously use the system without degradation. |
No information available | |
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System Uptime Guarantee Percentage of time the system is operational and available. |
No information available | |
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Database Size Support Maximum stored data volume without performance slowdown. |
No information available | |
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Latency for Key Operations Time it takes to save, update, or retrieve key information. |
No information available | |
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Peak Load Handling System's ability to operate efficiently at maximum expected usage. |
High volume usage/peak load performance referenced in technical details. | |
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Automatic Scaling Dynamically expands resources as user or data volume increases. |
Cloud-based architecture allows dynamic scaling with increased demand. | |
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Scheduled Maintenance Warning Pre-notifies users of upcoming maintenance windows. |
Scheduled maintenance and downtime alerts provided to users. | |
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Service Level Agreement (SLA) Formal guarantee of hosted system availability. |
No information available | |
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Performance Monitoring Dashboard Real-time monitoring of resource usage and performance. |
No information available | |
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Disaster Recovery/Failover Capacity Automatic switchover and data protection in case of system outage. |
Disaster recovery provisions are standard for cloud-hosted SaaS solutions. |
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