The Enhanced Whole Life Policy Loan option allows policyholders to choose between fixed and variable loan interest rates when taking a policy loan. Many firms allow policyholders to borrow from their accumulated cash value on the policies’ 10th anniversary, but lock in terms at the time the policy is purchased.
PrairieSmarts Unveils Suite of Risk Tools
PrairieSmarts, a new Omaha, Neb.-based fintech provider, has unveiled its new suite of risk calculator and communication tools.
The tools, SmartRisk Pro, SmartRisk Enterprise and SmartRisk Applied, bring to bear PrairieSmarts’ custom algorithms and cloud-based computing capacity to test portfolios for risk and to create easy-to-digest reports.
SmartRisk Pro, is a web-based tool allowing advisors to create unlimited, transparent “what-if” analyses for client accounts.
SmartRisk Enterprise, intended for asset managers, mutual fund companies and ETF providers, includes API integration and a plug-and-play risk calculator.
SmartRisk Applied is custom-designed for consultants, compliance departments and fiduciaries, offering regulatory and compliance solutions.