Security Mutual Life Insurance Company of New York announced the release of an improved version of its Social Security Evaluator software.
The new version of the software incorporates an income tax feature, enabling the client to consider projected income tax exposures regarding his or her Social Security benefits. This new version requires only a few inputs, according to the firm, and the core software, which was released in February of this year, now creates client-specific reports that rank and describe various claiming options.
James Kerwin, Security Mutual Life’s chief marketing officer, explains that the Social Security Evaluator software is one of a number of tools that Security Mutual Life offers to advisers to assist them in reaching their target markets. Kerwin added that Security Mutual provides the tools free of charge to eligible agents who market its life insurance and annuity offerings.
George Kozol, a Security Mutual Life marketing executive, adds that in developing the new tax feature, Security Mutual “strived for simplicity.” Further, the Evaluator software “can facilitate informed conversations between an insurance adviser and his or her clients about Social Security and post-retirement income tax issues.”