PDMA Inc. has announced the general availability of LifePRO version 15, a technology upgrade to the PDMA life, health, and annuity administration system.
With version 15, the LifePRO application is developed in Fujitsu NetCOBOL for .NET and the Microsoft .NET framework. The .NET framework offers interoperability and ease of integration with other systems, data access methods, and languages. In addition, LifePRO version 15 offers enhanced Microsoft SQL Server database optimization and management.
LifePRO business enhancements include support for a new line of business--credit life and disability insurance--offering flexible product design, e-commerce support, and XML-based forms generation.
The upgrade also allows for a wide range of new business features including expansion of support for annuity benefits such as guaranteed minimum withdrawal benefits, national provider identification support for healthcare providers, and enhancements to long-term care products to include benefit inflation based on the Consumer Price Index and restoration of benefits functionality.
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