Life Insurance Toolkit

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Save time, empower your teams and effectively upgrade your processes with access to this practical Life Insurance Toolkit and guide. Address common challenges with best-practice templates, step-by-step work plans and maturity diagnostics for any Life Insurance related project.

Download the Toolkit and in Three Steps you will be guided from idea to implementation results.

The Toolkit contains the following practical and powerful enablers with new and updated Life Insurance specific requirements:


STEP 1: Get your bearings

Start with...

  • The latest quick edition of the Life Insurance Self Assessment book in PDF containing 49 requirements to perform a quickscan, get an overview and share with stakeholders.

Organized in a data driven improvement cycle RDMAICS (Recognize, Define, Measure, Analyze, Improve, Control and Sustain), check the…

  • Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation

Then find your goals...


STEP 2: Set concrete goals, tasks, dates and numbers you can track

Featuring 995 new and updated case-based questions, organized into seven core areas of process design, this Self-Assessment will help you identify areas in which Life Insurance improvements can be made.

Examples; 10 of the 995 standard requirements:

  1. What are the tax implications if an employer owns a policy on an employees life and allows the employee to name a beneficiary for some or all of the death benefit?

  2. Should the life insurance code of practice and the general insurance code of practice apply to all insurers in respect of the relevant categories of business?

  3. Should the buy sell be funded with proceeds from life insurance on each owners life, and what cautions should the surviving owners take to assure payment?

  4. Should your organization have a formal chief risk officer and a risk management function to manage the day to day risk management processes?

  5. What amount of money would be required to generate enough income, at conservative projections, to provide for all of potential expenses?

  6. Where annually increasing flexible premiums operate under a life insurance policy, what rate of increase will generally apply?

  7. When researching life insurance online, if you were to use an online search engine, which would be your most likely approach?

  8. When selecting the amount of life insurance needed to protect the income stream of beneficiaries, what should be considered?

  9. How do you analyze the effects of earned and credited rate changes on the current and the future years sources of earnings?

  10. How can a risk-based culture and riskbased decision making be demonstrated within your organizations governance structure?


Complete the self assessment, on your own or with a team in a workshop setting. Use the workbook together with the self assessment requirements spreadsheet:

  • The workbook is the latest in-depth complete edition of the Life Insurance book in PDF containing 995 requirements, which criteria correspond to the criteria in...

Your Life Insurance self-assessment dashboard which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next:

  • The Self-Assessment Excel Dashboard; with the Life Insurance Self-Assessment and Scorecard you will develop a clear picture of which Life Insurance areas need attention, which requirements you should focus on and who will be responsible for them:

    • Shows your organization instant insight in areas for improvement: Auto generates reports, radar chart for maturity assessment, insights per process and participant and bespoke, ready to use, RACI Matrix
    • Gives you a professional Dashboard to guide and perform a thorough Life Insurance Self-Assessment
    • Is secure: Ensures offline data protection of your Self-Assessment results
    • Dynamically prioritized projects-ready RACI Matrix shows your organization exactly what to do next:

 

STEP 3: Implement, Track, follow up and revise strategy

The outcomes of STEP 2, the self assessment, are the inputs for STEP 3; Start and manage Life Insurance projects with the 62 implementation resources:

  • 62 step-by-step Life Insurance Project Management Form Templates covering over 1500 Life Insurance project requirements and success criteria:

Examples; 10 of the check box criteria:

  1. Activity Attributes: Have you identified the Activity Leveling Priority code value on each activity?

  2. Procurement Audit: Does the strategy ensure that appropriate controls are in place to ensure propriety and regularity in delivery?

  3. Assumption and Constraint Log: Is the current scope of the Life Insurance project substantially different than that originally defined in the approved Life Insurance project plan?

  4. Activity Cost Estimates: Were the tasks or work products prepared by the consultant useful?

  5. Probability and Impact Assessment: Is the number of people on the Life Insurance project team adequate to do the job?

  6. Procurement Audit: Is the functioning of automatic disbursement programs tested by an independent party?

  7. Project Portfolio management: What are the biggest dos and do nots for the PMO to consider when performing resource portfolio management?

  8. Milestone List: How late can each activity be finished and started?

  9. Executing Process Group: How does a Life Insurance project life cycle differ from a product life cycle?

  10. Project Performance Report: To what degree do members articulate the goals beyond the team membership?

 
Step-by-step and complete Life Insurance Project Management Forms and Templates including check box criteria and templates.

1.0 Initiating Process Group:

  • 1.1 Life Insurance project Charter
  • 1.2 Stakeholder Register
  • 1.3 Stakeholder Analysis Matrix


2.0 Planning Process Group:

  • 2.1 Life Insurance project Management Plan
  • 2.2 Scope Management Plan
  • 2.3 Requirements Management Plan
  • 2.4 Requirements Documentation
  • 2.5 Requirements Traceability Matrix
  • 2.6 Life Insurance project Scope Statement
  • 2.7 Assumption and Constraint Log
  • 2.8 Work Breakdown Structure
  • 2.9 WBS Dictionary
  • 2.10 Schedule Management Plan
  • 2.11 Activity List
  • 2.12 Activity Attributes
  • 2.13 Milestone List
  • 2.14 Network Diagram
  • 2.15 Activity Resource Requirements
  • 2.16 Resource Breakdown Structure
  • 2.17 Activity Duration Estimates
  • 2.18 Duration Estimating Worksheet
  • 2.19 Life Insurance project Schedule
  • 2.20 Cost Management Plan
  • 2.21 Activity Cost Estimates
  • 2.22 Cost Estimating Worksheet
  • 2.23 Cost Baseline
  • 2.24 Quality Management Plan
  • 2.25 Quality Metrics
  • 2.26 Process Improvement Plan
  • 2.27 Responsibility Assignment Matrix
  • 2.28 Roles and Responsibilities
  • 2.29 Human Resource Management Plan
  • 2.30 Communications Management Plan
  • 2.31 Risk Management Plan
  • 2.32 Risk Register
  • 2.33 Probability and Impact Assessment
  • 2.34 Probability and Impact Matrix
  • 2.35 Risk Data Sheet
  • 2.36 Procurement Management Plan
  • 2.37 Source Selection Criteria
  • 2.38 Stakeholder Management Plan
  • 2.39 Change Management Plan


3.0 Executing Process Group:

  • 3.1 Team Member Status Report
  • 3.2 Change Request
  • 3.3 Change Log
  • 3.4 Decision Log
  • 3.5 Quality Audit
  • 3.6 Team Directory
  • 3.7 Team Operating Agreement
  • 3.8 Team Performance Assessment
  • 3.9 Team Member Performance Assessment
  • 3.10 Issue Log


4.0 Monitoring and Controlling Process Group:

  • 4.1 Life Insurance project Performance Report
  • 4.2 Variance Analysis
  • 4.3 Earned Value Status
  • 4.4 Risk Audit
  • 4.5 Contractor Status Report
  • 4.6 Formal Acceptance


5.0 Closing Process Group:

  • 5.1 Procurement Audit
  • 5.2 Contract Close-Out
  • 5.3 Life Insurance project or Phase Close-Out
  • 5.4 Lessons Learned

 

Results

With this Three Step process you will have all the tools you need for any Life Insurance project with this in-depth Life Insurance Toolkit.

In using the Toolkit you will be better able to:

  • Diagnose Life Insurance projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices
  • Implement evidence-based best practice strategies aligned with overall goals
  • Integrate recent advances in Life Insurance and put process design strategies into practice according to best practice guidelines

Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role; In EVERY company, organization and department.

Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?'

This Toolkit empowers people to do just that - whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc... - they are the people who rule the future. They are the person who asks the right questions to make Life Insurance investments work better.

This Life Insurance All-Inclusive Toolkit enables You to be that person.

 

Includes lifetime updates

Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.