3.1 Funeral Insurance with a Loan

You can seamlessly integrate Funeral Insurance for a client while creating a new loan.

1. Add Family Members/Beneficiaries:

   • First, ensure all relevant family members, spouse, children, and other family members are added under the client's profile.

   • Navigate to: Client Administration > Search for a client > Edit Client > References.

   • (See section 3.2.1 for details on setting up beneficiaries and covered people).

2. Create a New Loan:

   • Navigate to: Client Administration > Search for a client > Highlight the Client > New Loan.

   • Proceed to create the loan as usual.

3. Add MaxUp Product:

   • On the MaxUp screen during loan creation, click the "Add a new MaxUp Product" button.

4. Complete Product Fields:

   • Maxup product: Select the desired Funeral Insurance product from the dropdown list.

   • Product Inception Date: Enter the start date for the insurance product.

   • Click Save.

5. Complete Loan Creation: Click Next to finalize the loan creation process.

6. Document Generation: The funeral insurance document will be automatically generated alongside other loan documentation. Click the hyperlink to download and print these documents.

Important Note: The funeral insurance premium will not be part of the loan repayment. Premiums for funeral insurance must be collected separately by the insurer. Ensure you set up the funeral insurance only once per client.