Equitable Enhances Corporate Endowment Solutions Platform

Financial professionals can now manage variable universal life insurance policies through the full-service management platform.

(Image credit: Kit Suman/Unsplash.)

Equitable (New York), a financial services organization and principal franchise of Equitable Holdings, Inc., has announced that financial professionals will now be able to service their clients’ VUL Optimizer variable universal life insurance policies through the company’s Corporate Endowment Solutions (CES) platform.

Hector Martinez, Head, Life Insurance Business, Equitable.

Equitable reports that CES provides financial professionals with a full-service platform for their clients’ policies, ranging from front-end sales and advanced illustration support through ongoing modeling and asset and liability reporting. This helps financial professionals more efficiently service and help their clients track the progress of their individual or corporate-owned life insurance policies as part of their broader financial plans, according to an Equitable statement. The CES platform is also available to clients, enabling them to easily access illustrations and better understand their policies.

“As we continue to navigate market volatility and inflationary pressures, it is more important than ever that financial professionals have the tools and information to help clients optimize their policies and provide them with real-time guidance and service as they progress towards their financial goals,” comments Hector Martinez, Head of Life Insurance, Equitable. “This includes helping their clients accumulate assets, create tax-advantaged income and leave a legacy for their loved ones.”

VUL Optimizer is a flexible premium variable universal life insurance product designed to maximize policyholders’ future income, the Equitable statement explains. VUL Optimizer includes access to more than 80 investment options to help investors protect their family and build assets to supplement retirement income. With the addition of VUL Optimizer to CES and its administration platform, financial professionals will have access to the benefits of contract administration support through the life of the policy. The CES solution is available for VUL Optimizer® policies of $20,000 in premiums or more.

Support for financial professionals through CES includes the following:

  • Access to daily values to see fund transfers and rebalance invested assets;
  • The ability to prepare annual reviews and provide rebalancing recommendations;
  • Access to historical transaction files for premiums, investment elections and investment changes since the start of the policy;
  • Access to independent quarterly fund analysis and generation of strategic asset allocation models; and
  • Notifications of changes to the policy.

    Randy O’Brien, Head of Corporate Endowment Solutions, Equitable.

“Our mission at CES is to help financial professionals design holistic plans so they can better serve their small business clients,” comments Randy O’Brien, Head of Corporate Endowment Solutions, Equitable. “Today’s announcement underscores our commitment to continue to enhance our platform with the tools small business owners need to not only support their own goals but also retain key employees.”

Equitable acquired CES in 2020. Since that time, Equitable reports, the use of CES’s platforms to offer and service corporate-owned and individual life insurance policies has steadily grown. CES is a leader in the design, implementation and administration of corporate life insurance. For corporate-owned and qualified VUL Optimizer products, CES provides asset allocation and retirement income updates and recommendations to help financial professionals and their small business owner and executive clients accumulate assets and actively manage their retirement portfolios.

Revolutionizing the Life Insurance Sales Experience

 

Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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