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Advizr Workplace from Advizr
Includes insurance needs assessment tools, life insurance gap analysis, and client-friendly interface for insurance planning. Features goal-based planning approach with clear visualization of insurance coverage needs and interactive client engagement tools.
Product analysis by function
Insurance Needs Analysis Software for Financial Planning
Applications that help advisors quantify clients' life, disability, long-term care, and property/casualty insurance needs based on their financial situation and goals.
More Insurance Needs Analysis Software
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Client Data Input & Management
(5 Yes /5 Known /10 Possible features)
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Comprehensive Client Profile Ability to gather detailed demographic, financial, health, and lifestyle data for individuals and households. |
Advizr Workplace allows entry of detailed demographic and financial data for personalized insurance analysis. | |
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Customizable Data Fields Option to add or modify input fields to suit unique client circumstances or firm preferences. |
Product documentation and demos show ability to customize fields for goals and personal details. | |
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Pre-population of Data Features to auto-fill information from CRM or other integrated systems. |
No information available | |
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Family Members Management Capability to add, view, and assess insurance needs for multiple family members. |
The platform supports managing multiple family members' data for needs analysis. | |
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Bulk Import/Export Ability to upload/download client data in batches. |
No information available | |
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Data History/Versioning Track and restore previous versions of client data. |
No information available | |
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Document Upload Upload and store relevant documents such as policies, statements, and personal records. |
Users can upload documents and statements as part of client profiles. | |
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Data Validation Built-in checks for data accuracy and completeness. |
Advizr includes structured data entry and alerts for missing or incomplete data. | |
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Multi-currency Support Support for multiple currencies for international clients. |
No information available | |
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Maximum Profiles Supported The number of client profiles that can be stored per user/account. |
No information available |
Needs Analysis & Calculation Engine
(4 Yes /4 Known /10 Possible features)
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Life Insurance Need Calculator Calculates the amount of life insurance required to protect beneficiaries’ financial future. |
Life insurance gap analysis calculation is a core feature. | |
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Disability Insurance Need Calculator Estimates replacement income required in the event of disability. |
No information available | |
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Long-Term Care Insurance Need Calculator Projects funding required for extended care (nursing home, assisted living, home health). |
No information available | |
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Property & Casualty Insurance Gap Analysis Assesses adequacy of auto, home, liability, and other coverage types. |
No information available | |
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Goal-Based Scenarios Ability to model insurance needs for specific goals (education, retirement, debt repayment, etc.). |
Goal-based scenario analysis is available for life, insurance, retirement, and other coverage needs. | |
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Customizable Assumptions Advisors can modify inflation rates, investment returns, and expense growth rates. |
Users can customize planning assumptions, such as inflation or return rates. | |
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Multi-scenario Analysis Support for running and comparing multiple need scenarios side-by-side. |
Multiple scenarios can be run and compared side by side. | |
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Real-Time Calculation Speed Typical time to compute results after data entry. |
No information available | |
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Monte Carlo Simulation Models insurance needs under stochastic assumptions for more robust planning. |
No information available | |
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Coverage Overlap Detection Identifies areas where multiple policies provide redundant coverage. |
No information available |
Integrations & Data Connectivity
(4 Yes /4 Known /10 Possible features)
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CRM Integration Connects directly to major client relationship management platforms. |
Direct integration with CRMs like Salesforce and Redtail are available. | |
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Financial Planning Software Integration Compatibility with broad financial planning systems (e.g., eMoney, MoneyGuidePro, RightCapital). |
Integrates with major financial planning software including eMoney and MoneyGuidePro. | |
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Insurance Carrier Data Feeds Import real-time or static product data from insurance carriers. |
No information available | |
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API Access Availability of API endpoints for custom integrations. |
API access is advertised for custom integrations on the vendor's site. | |
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Data Synchronization Frequency How often data is automatically synchronized with integrated systems. |
No information available | |
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Open Data Standards Support Compatibility with industry data standards (e.g., ACORD, FpML). |
No information available | |
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Single Sign-On (SSO) Allows seamless login across integrated platforms. |
No information available | |
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Cloud Storage Integration Links with cloud document storage services (e.g., Dropbox, OneDrive). |
No information available | |
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Direct Client Portal Access Clients can log in and input or review data themselves. |
Advisors can provide clients with direct portal access for data gathering and review. | |
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Data Import Formats Supported Number of supported data import/export file formats (e.g., CSV, XLSX, JSON, XML). |
No information available |
Reporting & Presentation Tools
(6 Yes /6 Known /10 Possible features)
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Customizable Reports Ability to create branded, tailored reports for clients. |
Reports and dashboards can be branded and customized for clients. | |
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Dynamic Visualization Tools Interactive graphs and charts for displaying analysis results. |
Product features interactive and visual dashboard tools for insurance needs. | |
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Export to PDF/Word/Excel Option to export reports in various file formats. |
Reports can be exported in multiple document formats including PDF. | |
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Side-by-Side Policy Comparison Compare multiple insurance solutions or providers at a glance. |
Side-by-side policy comparison is highlighted in marketing materials. | |
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Presentation Mode Display analysis results in an advisor-client meeting format. |
No information available | |
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On-demand Reporting Time Time to generate a complete client report after analysis. |
No information available | |
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Needs Summary Dashboard High-level overview panel showing outstanding needs and coverage. |
Summary dashboards are included for a high-level overview of client insurance needs. | |
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Client/Advisor Comments Section Built-in fields for notes, action items, and recommendations. |
No information available | |
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Automated Recommendations System suggests coverage amount/types based on analysis results. |
System automatically suggests recommended coverage levels based on analysis. | |
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Bilingual/Multilingual Reporting Generate reports in multiple languages. |
No information available |
Compliance & Regulatory Features
(2 Yes /3 Known /10 Possible features)
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Regulatory Needs Analysis Modules Compliance checks based on country/state-specific insurance rules. |
Not as far as we are aware.* No evidence of jurisdiction-specific automated compliance modules. | |
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Audit Trail Records every data change, user access, and decision made in the system. |
No information available | |
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e-Signature Integration Support for digital signatures to confirm recommendations. |
No information available | |
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Consent Management Track and manage client consent for data storage and processing. |
No information available | |
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Compliance Check Automation Real-time alerts for non-compliance with insurance sales regulations. |
No information available | |
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Data Retention Policy Management Controls for setting and automating data retention/deletion periods. |
No information available | |
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FINRA/SEC Compliance Tools Features specifically designed for broker-dealer or advisory firm oversight. |
No information available | |
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User Role Permissions Granular control over who can access or modify sensitive data. |
Role-based permissions are available for data and workflow access. | |
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Encryption at Rest and in Transit Advanced encryption ensures data security. |
Product documentation stresses encryption in storage and in transit. | |
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Compliance Dashboard Real-time monitoring of all compliance-related activities. |
No information available |
User Experience & Accessibility
(6 Yes /6 Known /10 Possible features)
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Intuitive User Interface Clean, guided workflows that minimize learning curve. |
The product is frequently praised for its guided workflows and user-friendly interface. | |
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Mobile Compatibility Fully accessible from mobile devices and tablets. |
Browser/mobile accessibility is promoted in sales collateral. | |
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Accessibility Compliance (WCAG/ADA) Meets web accessibility standards to serve users with disabilities. |
No information available | |
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Notification & Alert System Timely reminders for missing information or follow-ups. |
Notifications are available for both client and advisor actions. | |
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Navigation Speed Average time to load a new screen or section. |
No information available | |
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Customizable Themes/Branding Change color, logo, and style to align with firm branding. |
User-facing documentation indicates white-labeling and branding customization. | |
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Language Localization Translate UI elements for non-English speakers. |
No information available | |
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Inline Help and Tutorials Step-by-step guides or tooltips built into the interface. |
Inline help and tooltips are shown in product UI videos. | |
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Multi-user Collaboration Allows multiple advisors or team members to work on a case together. |
Supports team-based workflows and shared access to client files. | |
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Session Timeout Duration Maximum period of inactivity before session automatically logs out. |
No information available |
Product Selection & Recommendation Tools
(6 Yes /6 Known /10 Possible features)
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Integrated Product Databases Access up-to-date information on available insurance products. |
Has a regularly updated product database for selection and recommendations. | |
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Product Filtering and Sorting Filter by type, cost, carrier, features, ratings, etc. |
Insurance filtering by type, goal, price is shown in product walkthroughs. | |
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Quotation Engine Instant quotes from multiple insurers. |
Includes instant insurance quotations as part of the workflow. | |
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Illustration Tools Visualize premium, benefit, and cash flow projections over time. |
Visualization tools for premium and coverage analysis are present. | |
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Carrier Financial Strength Display Show AM Best, S&P, Moody’s, and other carrier ratings. |
No information available | |
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Recommendation Wizard Step-by-step assistant for narrowing down choices. |
No information available | |
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Product Comparison Table Side-by-side features, pricing, and rider options. |
Products can be compared side-by-side by features and costs. | |
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Client Suitability Assessment Evaluates which products meet client objectives, risk tolerance, and budget. |
Platform supports suitability assessment based on client profile and goals. | |
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Rider/Endorsement Configurator Add, remove, or customize policy riders as part of the selection process. |
No information available | |
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Number of Supported Carriers Benchmarks the breadth of carrier options within the database. |
No information available |
Security & Privacy
(4 Yes /4 Known /10 Possible features)
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Multi-factor Authentication Adds a second or third layer of user verification. |
Multi-factor authentication is a standard security feature. | |
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User Activity Monitoring Logs and reviews all system access and actions. |
No information available | |
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GDPR/CCPA Support Built-in controls for privacy compliance with global regulations. |
Privacy and data protection controls are referenced in compliance materials. | |
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Data Encryption Level Specifies standard (e.g., AES-256) for encryption of stored data. |
No information available | |
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Secure Data Centers Location and certification level of hosting infrastructure (e.g., ISO 27001). |
Hosted on secure cloud providers with compliance certifications. | |
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Operation Time Between Backups The maximum allowed time between full system back-ups. |
No information available | |
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Automatic Logout Automatically logs users out after inactivity. |
Automatic logout is part of the session security settings. | |
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Access Logs Retention Period How long user and system activity logs are stored. |
No information available | |
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Customizable Data Access Permissions Firm-defined controls for restricting visibility/edit rights. |
No information available | |
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Penetration Testing Frequency Scheduled third-party security testing frequency. |
. | No information available |
Client Engagement Features
(5 Yes /5 Known /10 Possible features)
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Client Portal Access Clients access their own dashboard, documents, and recommendations. |
Self-service client portal provides dashboard, document access and recommendations. | |
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Progress Tracking Visual tools to monitor how much of the planning process is complete. |
Progress tracker graphic is shown in user demo videos. | |
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Automated Email/SMS Notifications Clients receive reminders, updates, or requests for input. |
Automated reminders and emails can be triggered for clients and advisors. | |
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Online Form Completion Clients can complete questionnaires or provide additional information online. |
Portal allows clients to complete needs surveys and provide info online. | |
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E-signature for Approvals Clients can securely sign recommendations or disclosures. |
No information available | |
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Client Education Material Library Repository of articles, videos, and guides for insurance education. |
No information available | |
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Two-way Messaging Secure chat or message system between advisor and client. |
No information available | |
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Schedule Appointments Online Clients can book meetings directly through the portal. |
Clients can schedule meetings with advisors through the platform calendar tools. | |
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Client Feedback Collection Surveys or forms to capture client satisfaction or suggestions. |
No information available | |
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Co-browsing with Advisor Clients and advisors can view and work in the platform together in real time. |
No information available |
Training, Support & Onboarding
(6 Yes /6 Known /10 Possible features)
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Guided Onboarding Process Step-by-step setup instructions and initial walkthrough. |
Guided onboarding flows are standard for new users, per demo. | |
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Knowledge Base Access Extensive searchable documentation and FAQs. |
Support documentation and FAQ knowledge base provided. | |
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Live Chat Support Direct, on-demand chat access to support representatives. |
Live chat available as support channel per website. | |
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Phone/Email Support Availability Ability to reach support via phone and/or email during business hours. |
Support is reachable via email and phone during business hours. | |
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In-Platform Training Modules Self-paced, interactive training within the software. |
Interactive training modules are part of the onboarding experience. | |
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Certification/Accreditation Programs Official training for users to become certified experts. |
No information available | |
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Community Forums User-led discussions and peer support. |
No information available | |
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Implementation Support Team Dedicated team for initial setup and integration. |
No information available | |
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Average Support Response Time Average time to initial response during business hours. |
. | No information available |
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Feature Request Tracking Channel to propose and track enhancements to the platform. |
Feature request and tracking functionality available through portal. |
Scalability & System Performance
(4 Yes /4 Known /10 Possible features)
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Concurrent User Capacity Maximum number of advisors that can simultaneously use the system without degradation. |
No information available | |
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System Uptime Guarantee Percentage of time the system is operational and available. |
No information available | |
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Database Size Support Maximum stored data volume without performance slowdown. |
No information available | |
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Latency for Key Operations Time it takes to save, update, or retrieve key information. |
No information available | |
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Peak Load Handling System's ability to operate efficiently at maximum expected usage. |
High volume usage/peak load performance referenced in technical details. | |
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Automatic Scaling Dynamically expands resources as user or data volume increases. |
Cloud-based architecture allows dynamic scaling with increased demand. | |
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Scheduled Maintenance Warning Pre-notifies users of upcoming maintenance windows. |
Scheduled maintenance and downtime alerts provided to users. | |
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Service Level Agreement (SLA) Formal guarantee of hosted system availability. |
No information available | |
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Performance Monitoring Dashboard Real-time monitoring of resource usage and performance. |
No information available | |
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Disaster Recovery/Failover Capacity Automatic switchover and data protection in case of system outage. |
Disaster recovery provisions are standard for cloud-hosted SaaS solutions. |
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