LifeGuide® "The Professional Choice"®
LifeGuide® is produced for installation under Windows 95/98/ME, Windows NT/2000 series and Windows XP.
LifeGuide® is fully Network Compatible for installation under various network configurations (Network installation licensing is required for network installations).
The LifeGuide® Professional software is produced independently of all insurance sales and marketing organizations, without any direct or indirect affiliations with any insurance marketing organization. The primary focus is to benefit the insurance buying consumer in the most objective, complete and professional manner. As a consequence, LifeGuide® subscribers enjoy the widest and continuously increasing service and competitive edge and advantage.
Picture of the opening screen of the LifeGuide Professional Software
Scope and Range of Products Researched and Compared in LifeGuide®
The LifeGuide® Professional Software covers the entire range of life insurance products. No other independently produced life insurance research, comparison and information software in Canada provides the number of products, the number of companies and the level of comprehensive research and comparison facilities, features and tools that are provided to professionals on the LifeGuide software.
The "Products' Selection" pop-up window of the LifeGuide Professional Software
Term Life Insurance
All available forms of "term" life insurance, including YRT, T5, T10, T15, T20, T25, T30, T65 and T75, etc. Term insurance is researched, compared and quoted for single lives, on a joint (first and last to die basis) as well as for multiple persons using LifeGuide's unique Multi-Life® cost optimization functions.
Additional functions include fine tuning and filtering of term products with respect to renewability and convertibility, fine tuning of research to account for the various category-classes, including consideration of the various forms of past or present tobacco use, detailed qualification requirements, detailed underwriting evidence requirements, detailed plan descriptions, insurance company profiles, and instant access to sample policy wordings.
The "fine tuning" filtering pop-up window for Term products' research and comparisons
T100 (Term to 100) Products
LifeGuide® provides very advanced and comprehensive analysis, comparison, survey and quotation functions for T100. LifeGuide provides comparisons on a single life basis and on a joint life basis (for "Joint first to die" and for "Joint last to die").
Whole Life Products
LifeGuide® provides advanced and comprehensive research and comparison of the entire range of Whole Life products on the Canadian market. LifeGuide provides detailed year by year cash surrender values, as well as year by year "reduced paid up" values (RPU). To facilitate ease of comparison, LifeGuide displays comparisons in detailed ledger fashion or, as the user may prefer, may display comparisons in columnar fashion.
Sample research window for Whole Life products on LifeGuide
Universal Life (UL) Products
LifeGuide® provides comprehensive and detailed research and comparison of Universal Life products. The Wizard guides the user to specify how the UL products are to be researched and compared, including setting the assumed projected annual UL fund growth, the planned premium payment period, and the goals parameters to be solved for.
LifeGuide is the only independently produced multiple company life insurance research software with the power and sophistication required for comprehensive research and comparison of Universal Life products.
Critical Illness Coverage
Critical Illness (CI) coverage is of fundamental importance and bridges the gap between life insurance and DI. LifeGuide provides subscribers with advanced and comprehensive facilities to research and compare the large and growing number of CI products on the Canadian market.
LifeGuide covers the entire range of CI products, including the "renewable term" and "level duration premium" products, including products that offer ROP ("Return of Premium"). Since CI products vary with respect to the covered CI events, LifeGuide provides the facilities to zero in on products that provide coverage for the CI events that the client would like to have covered.
The Critical Illness Coverage comparison "Sufficiency Filter" menu window
Long Term Care Insurance (LTCi)
LifeGuide is the first - and only - independently produced multiple company professional software in Canada to include research and comparison of LTCi products. Independent multiple-carrier, multiple-plan LTCi coverage research and comparison in LifeGuide is provided through the leading edge LTCiScout™ software module that is included with LifeGuide.
The software examines various aspects of LTCi offerings, including "Elimination Period", "Maximum Benefit Period", "Maximum Benefit Payout", Coverage environments, "ROP", "Inflation Protection", Premium amounts, mode and duration, and "Paid up" options.
Special and "Niche" Products
LifeGuide includes a growing number of special and "Niche" products, including "Guaranteed" and "Simplified" issue life insurance and CI products. For these products, LifeGuide provides detailed plan descriptions, insurance company profiles, marketing information resources listings and instant access to sample policy wordings.
Comparison Options
LifeGuide provides the user with the most advanced facilities to compare the entire range of life insurance, CI and LTCi products, including:
- Initial and renewal premiums for term insurance, as well as detailed year by year death benefit and values detail for "permanent" products
- All four premium payment modes: "Annual", "Semi-Annual", "Quarterly" and "Monthly"
- Opportunity Saver: Automatically computes increased face amounts to meet insurance company stipulated minimums, revealing substantial potential cost savings
- Multi-Select®: Compare, survey and quote products from multiple categories in a single run
- Across the Board®: Compare all products in a survey against each other for the best cost and value at any given point in time
- Provincial Coding: Automatically accounts for provincial licensing and premium tax rates
- Joint-Life Options: Advanced functions for groups of lives, including joint first-to-die and joint last-to-die comparisons
Financial Tools
The LifeGuide Professional Software provides a suite of easy to use financial tools, including:
- PV of a series of future payments
- PV of a single future payment
- FV accumulation of a series of periodic deposits at a given ROI
- FV of a single deposit at a given ROI
- Commuted Value, Period, and Rate calculations
- Cash flow and ROI analysis
- Comprehensive mortgage and loan analysis with custom payment schedules
Screen view of the LifeGuide Multi-Calc™ financial tool functions
Analysis Tools
Life Insurance Needs Analysis
Detailed and comprehensive step-by-step "wizard" guided Life Insurance Needs Analysis - a very effective and beneficial planning and service tool. Available in both wizard-guided and ledger-style formats.
Step 8 of 23 of LifeGuide's "wizard" guided Life Insurance Needs Analysis
Retirement Income Needs Analysis
Detailed and comprehensive retirement income needs analysis and analysis of investment(s) required to achieve the retirement income goals. Available in both "wizard" guided step by step format as well as in the "ledger" format.
The "ledger style" format for the Retirement Income Needs Analysis
Disability Income Needs Analysis
Detailed and comprehensive disability income needs analysis in choice of formats similar to those for life insurance and retirement needs.
Additional Resource Tools
The Insurers Roster
The most comprehensive and detailed roster of nearly 400 insurers that are operating or have operated in the past in Canada. The Roster includes valuable information to trace the insurer handling a product of a "retired" insurer, including contact information, financials and brief details.
The "Insurers' Roster" functions window of the LifeGuide Professional software
Internet Integration
Click and view instant retrieval of information over the internet, including links to insurer web sites, insurer information circulars, LifeGuide Lines, and more.
Additional Features
- Financial Library with resource data on various aspects of life insurance and financial planning
- EZ setup and use links to individual company and other third party software
- Comprehensive help system and documentation
- Regular monthly updates delivered automatically
Subscription Information
For information about subscribing to LifeGuide Professional software, please visit our subscription page or contact us at [email protected].