CyberLife is a Web-enabled, n-tiered system that provides cost-effective administration of life and annuity products. CyberLife is a complete solution that provides functionality from new business through claim processing including product definition, new business/underwriting, administration, billing and collection, distribution management, correspondence and reporting. Real-time processing and 24x7 access to information enables excellent customer service. CyberLife supports the industrys broadest spectrum of life insurance and annuity products and product features, from traditional to innovative non-traditional products.

Product Definition
CyberLife’s Product Definition (CPD) allows product rules and calculations to be quickly and easily defined without the aid of a programmer. The business expert can quickly implement new products within the CyberLife system with a single point of data definition.

CSC also offers a calculation and rules engine, the Visual Product/Modeling System (VP/MS), which has been integrated and is used with CyberLife. VP/MS is designed to significantly reduce time to market, product development and maintenance costs. Integrating the VP/MS product with CyberLife provides the use of shared calculation modules in areas such as policy values pages, annual statements, etc., which reduce the testing and verification effort.

Contract Administration
CyberLife provides client-centric support encompassing the administration of new business and ongoing contract administration. CyberLife covers everything from display and quotation of contract information and values to online contract changes and transaction processing in a 24x7 environment. It is a real-time, comprehensive seamless administration system that will lower your administration costs and improve your ability to provide superior customer service.

Compliance
CyberLife provides comprehensive support for insurance and annuity regulations such as TEFRA/DEFRA and TAMRA and Requirement Minimum Distributions. These functions are monitored for periodic changes and the system is updated on a regular schedule to comply with new requirements.

Billing and Collection
CyberLife supports the billing and collection of premium payments and loans in both online and batch modes. All standard forms of billing are supported including direct pay, list billing, EFT and credit card. Billing may be designated for a multitude of frequencies. CyberLife also supports online real-time list bill reconciliation.

Financial and Statutory Reporting
Complete valuation, reserves released and policy exhibit reporting is available for all product lines. Values are calculated as of the reporting date, giving you flexibility to generate your reports on any calendar basis.