Life Insurance Details

Use this procedure to enter a customer’s life insurance information.

Process Steps:

1. The Life Insurance – Details page displays.
2. In the Individual Information section:
   • Select the customer’s name from the dropdown menu (required).
3. In the Life Insurance Dates section:

• • Enter the Effective Begin Date (required).
  • Enter the End Date.
  • Enter the Reported On date (required).
  • Enter the Date Change Occurred (required).
  • Enter the Verification Received On date (required).

4. In the Life Insurance section:

• • Enter the Insurance Company Name (required).
  • Select a Verification (required).
  • Select a Type (required).
  • Enter a Policy # (required).
  • Enter the Policy Acquired On date.
  • Select Yes or No from the Is Life Insurance Jointly Owned? dropdown menu (required).

5. In the Life Insurance Company Address section:

• • Enter the Street #.
  • Enter the Fraction.
  • Select the Pre-Direction.
  • Enter the StrName/Rural Addr.
  • Select a Street Type.
  • Select a Post-Direction.
  • Select a Dwelling Type.
  • Enter the Address 2/PO Box.
  • Enter the City.
  • Select a State.
  • Enter the Zip Code.
  • Enter the Phone #.

6. In the Life Insurance Value section:

• • Enter the Face Value (required).
  • Enter the Net Cash Value (required).

7. In the People Insured Through Policy Information section (the name selected in the Client Information Section cannot be selected here):

• • Select the People insured through this policy.
  • Select the Someone outside the home checkbox if one or more individuals on the policy resides outside the home.

8. In the Resource Availability section:
   • Select an Availability Status (required).

9. Click Save + Add Life Insurance to save the resource record.
   • Repeat steps 1 through 9 to add additional resources.

10. Click Save + Continue.

11. If the Life Insurance is jointly owned, the Life Insurance – Joint Ownership tab appears:

• • If the joint owner is in the home, select the Joint Owner name from the dropdown menu under the In-household Joint Owner Information section.
  • If the joint owner is outside the home, enter the joint owner’s Name and other information in the Outside-household Joint Owner Information section.
  • Select a Joint Ownership verification from the dropdown menu.
  • Enter the Joint Ownership Percentage Share of Resource.
  • Enter information in the remaining fields if necessary.
  • Click Add.
  • Click Save + Continue.

Results of the Procedure:

The life insurance information has been recorded.

Updated: 08/03/2015