Life and annuity billing software that keeps premiums on schedule

A life policy may bill for 30 years, through mode changes, riders, loans, and lapses. Annuities add flexible deposits, with payouts going the other way.

Billing tools built for one-year policies struggle with that. You see it as reissued notices, unapplied cash, and finance teams reconciling in spreadsheets at month-end.

InsureEdge's billing module handles recurring, single, and scheduled premiums on monthly, quarterly, annual, or custom cycles. Level, flexible, and variable premium policies each follow their own rules.

When a product changes, you change the rule once, and every bill after it follows. Bills already sent stay as they were.

• Recurring, one-time, and scheduled premiums
• Monthly, quarterly, annual, and custom cycles
• Level, flexible, and variable premiums

Invoices for premiums, adjustments, and fees are produced from the policy terms on schedule, in digital and print formats. Billing is kept at the policy and the customer level, so a household with three policies sees one clear picture.

Owner and payer changes carry through to who receives the bill, starting with the next cycle.

Payments arrive by bank draft, card, check, and transfer. Each one is matched to the right policy and billing period, then posted to the general ledger.

Payments that don't match go to a short list your team works each day, instead of a suspense account that grows all month.

Refunds, reversals, short payments, overpayments, and failed drafts are handled under rules with approvals. A write-off goes through with a recorded approver, and every change keeps its reason.

Delinquency rules decide when a reminder goes, when the grace period starts, and when a lapse notice is due. Premium finance and commissions run in the same module.

Every billing calculation follows the product and policy rules and is kept for audits and statutory reporting. Roles and approvals decide who can change what.

Policy and accounts already work with AI agents, and billing follows. Today an agent can draft a servicing request that changes a premium mode, and the billing module bills from the approved change.

It produces premium bills, invoices, and payment postings from the policy terms, so nobody recalculates them by hand. Your team sees what's due, what's paid, and what's outstanding in one view. Billing runs finish sooner, with fewer corrections.

Flexible premium schedules, automatic invoices, several ways to pay, and a clear billing history. Together they handle recurring premiums, adjustments, and long-duration policies without spreadsheets on the side.

Finance spends less time reconciling, because payments post to the right policy and period. Policyholders get clear invoices, reminders before a due date, and their billing history online. Fewer errors mean fewer disputes and fewer calls.

Yes. Every InsureEdge function is an API, so the billing module connects to your policy admin system, accounting platform, payment gateways, and reporting tools. It runs on its own beside the core you have, and both read the same billing data.

Yes. It bills recurring, one-time, and adjusted premiums for individual and group life and annuity products. You change billing rules, schedules, and invoice formats as products change, without stopping the cycles already running.

Not on the billing module itself yet. Accounts, policy, and claims already work with AI agents in InsureEdge, and billing follows. Until then, billing runs through its own screens and APIs, and every change still needs an approval you can trace.