Return to flip book view

THE FUTURE, OF POLICY ANALYSIS IS ALREADY HERE! Copyright Financial Scenarios LLC. All Rights Reserved.

THE FUTURE, OF POLICY ANALYSIS IS ALREADY HERE! Copyright 2023 Financial Scenarios LLC. All Rights Reserved. Proforce, an AI-powered analytical tool, has the potential to revolutionize the life insurance industry by instantly answering complex questions related to premium payments, death benefits, account and surrender values, retirement income, and more. By analyzing number patterns in illustrations or spreadsheets and understanding the assumptions behind those patterns, Proforce can provide near 100% accurate answers to many queries. Let's explore some of the questions Proforce can answer and the potential applications of this groundbreaking technology. One of the key questions that Proforce can answer is the effect of different premium payments on the death benefit. For example, if a policyholder wants to know the death benefit resulting from a specific premium amount, Proforce can instantly provide the answer. Conversely, if the policyholder desires a specific death benefit, Proforce can determine the premium amount needed to achieve that goal. This functionality allows policyholders to make informed decisions about their coverage and tailor their premiums to meet their needs. Additionally, Proforce can provide insight into the account and surrender values associated with different premium payments. This information is crucial for policyholders who want to understand the potential growth of their policy's cash value over time. By inputting different premium amounts, Proforce can calculate the corresponding account and surrender values, allowing policyholders to make informed decisions regarding their insurance policy. “I personally, have been working with life insurance illustrations for over 30 years and with the onset of AI, this new generation tool from Perforce is by far the most revolutionary illustration software I have ever seen!” Louis G. Louis

THE FUTURE, OF POLICY ANALYSIS IS ALREADY HERE! Copyright 2023 Financial Scenarios LLC. All Rights Reserved. Retirement planning is another area where Proforce can provide valuable assistance. By inputting different premium amounts, Proforce can determine the resulting retirement income. This functionality enables policyholders to plan for their future financial needs and make adjustments to their premiums accordingly. Proforce is not limited to individual policy analysis. It can also be utilized in various scenarios to provide accurate and instant answers. One such scenario is point-of-sale interactions between advisors and prospective insureds. When prospects have questions about their potential policies, Proforce can provide visual answers with supporting graphics, facilitating a better understanding of the product in less time. In situations where clients present proposals from competitors, Proforce can analyze tables of numbers, such as premium financing or split-dollar proposals, even without access to the original illustration or software. By identifying the underlying patterns in the numbers, Proforce can provide an objective analysis and help clients make informed decisions. Renewal management is yet another application for Proforce. By inputting the actual accumulation value from an account statement, Proforce can project future values based on the assumptions embedded in the original illustration. This functionality allows policyholders to better understand how any changes may impact their policy moving forward. While Proforce currently has very good accuracy, there is always room for improvement. As the AI machine continues to learn and refine its algorithms, the accuracy of the solutions provided by Proforce will naturally improve. PROFORCE AI, WHEN IT COMES TO ANALYZING POLICY ILLUSTRATIONS, IS WHAT IF, …….ON STERIODS!

THE FUTURE, OF POLICY ANALYSIS IS ALREADY HERE! Copyright 2023 Financial Scenarios LLC. All Rights Reserved. Here are just a few questions that Proforce can instantly answer with near 100% accuracy after learning the number patterns of columns in an illustration or spreadsheet, and the assumptions built into those patterns: 1. If I pay $X in premium every year instead of $Y in premium every year, what will my death benefit be in any year? 2. If I want my death benefit in a particular year to be $X instead of $Y, how much premium should I pay each year? 3. If I pay $X in premium every year instead of $Y in premium every year, what will my Account and Surrender Values be in any year? 4. If I want my Account and/or Surrender Value to be $X instead of $Y in a particular year, how much premium should I pay each year? 5. If I pay $X in premium every year instead of $Y in premium every year, what will my retirement income be? 6. If I want my retirement income to be $X instead of $Y, what will my new premium be? 7. If my Account or Surrender Value is $X instead of $Y in a particular year, what will my new death benefit be each year? 8. If my Account or Surrender Value is $X instead of $Y in a particular year, what will my new Account and Surrender Value be each year? 9. If my Account or Surrender Value is $X instead of $Y in a particular year, what will my new retirement income be? 10. If my Account or Surrender Value is less than originally projected in a particular year, how much should I reduce death benefit in that year to maximize all of my benefits? 11. If I finance my premiums and I borrow $X instead of $Y, what will be my new collateral requirement? 12. If I finance my premiums and I borrow $X instead of $Y, what will be my new interest and principal requirements? 13. If I finance my premiums and I borrow $X instead of $Y, what will be my new loan balance each year? 14. If I finance my premiums and I borrow $X instead of $Y, what will be my death benefit? 15. If I finance my premiums and I borrow $X instead of $Y, what will be my new Account and Surrender Values? 16. If I finance my premiums and I borrow $X instead of $Y, what will be my new retirement income?

THE FUTURE, OF POLICY ANALYSIS IS ALREADY HERE! Copyright 2023 Financial Scenarios LLC. All Rights Reserved. 17. If the product is LTC or disability insurance, and I want a monthly benefit of $X instead of $Y in a particular year, what will my premium need to be each year? 18. If the product is LTC or disability insurance, and I decide to spend $X instead of $Y, what will my benefits all be in each year? 19. If the product is an annuity or other investment and I am looking for a particular account balance and/or distribution at some time in the future, what should my outlay be each year? The following are more complex questions that Proforce can currently answer with very good, but not perfect, accuracy. (About 90%+ in most cases). Note that the accuracy of these solutions will naturally improve over time as the AI Machine continues to learn: 1. If I change my premium from $X to $Y in a particular year or years (as opposed to all years), what will my new death benefit be each year? 2. If I change my premium from $X to $Y in a particular year or vary the premium over several years, what will my new benefits be each year? 3. If I skip a premium or several premiums, what will my new benefits be each year? 4. If I add a premium or several premiums (pay longer), what will my new benefits be each year? 5. If I skip a premium or several premiums and add a premium or several premiums or otherwise vary the remaining premiums, what will my new benefits be each year? 6. If my Account or Surrender Value is $X instead of $Y in a given year, how much premium should I pay in the remaining years to arrive at a certain Account or Surrender Value in a later year? 7. If my Account or Surrender Value is $X instead of $Y in a given year, how much premium should I pay in the remaining years to arrive at to create a certain death benefit in a particular future year? 8. If my Account or Surrender Value is $X instead of $Y in a given year, how much premium should I pay in the remaining years to create a certain retirement income?

THE FUTURE, OF POLICY ANALYSIS IS ALREADY HERE! Copyright 2023 Financial Scenarios LLC. All Rights Reserved. Three potential applications for Proforce seem to be emerging from discussions I've had with distribution: 1. Point-of-sale: For example, advisor prepares carrier illustration for prospective insured, but prospect has questions (like the many above). Most questions can be answered instantly, accurately, and visually (with supporting graphics) and with very little effort by the advisor. This facilitates discussion and helps the client understand the product better in much less time. 2. Competition: Client walks into the meeting with a proposal from a competitor. This may be an illustration or just a concept spreadsheet. Proforce can analyze any table of numbers such as premium financing or split dollar proposals, without access to the software or even the illustration (which is often missing). The patterns are built into the numbers. 3. Renewal management: Proforce can very accurately (and instantly) project future values from a change to the original illustration. For example, if a policy is 3 years old and we input the actual Accumulation Value from the most recent Account Statement that is slightly different from the projected Account Value, we can predict all numbers moving forward based on the assumptions inherent in the original illustration scaled based on the change. In conclusion, Proforce is an impressive AI-powered tool that can instantly and accurately answer a wide range of complex questions related to premium payments, death benefits, account and surrender values, retirement income, and more. Its potential applications span from point-of-sale interactions to competition analysis and renewal management. With Proforce at their fingertips, industry professionals and policyholders can make better-informed decisions and navigate the complex world of life insurance with confidence. IMPORTANT NOTE: The benefits and values shown in Proforce predictions are not guaranteed. The assumptions on which they are based are subject to change by the insurer. Actual results may be more or less favorable. The Perforce presentation is not valid unless accompanied by a complete insurance company illustration. Please see the full illustration for guaranteed values and other important information. Copyright 2023 © by Proforce Ledger, Inc. Patent granted on October 17, 2023 as Patent Number US 11,790,459. The Proforce Ledger name and logo are trademarks of Proforce Ledger, Inc. All rights reserved.

THE FUTURE, OF POLICY ANALYSIS IS ALREADY HERE! Copyright 2023 Financial Scenarios LLC. All Rights Reserved. FOR MORE INFORMATION AND TO LEARN HOW PERFORCE AI, CAN BENEFIT NOT ONLY YOU BUT YOUR PROSPECTS, AND CLIENTS, AS WELL. CLICK ON THE PHONE BUBBLE TO SET UP A CONFERENCE CALL: Contact: LOUIS G. LABASH Direct Line: 1-855-537-7477 Email: louis.labash@financialscenarios.net