Andesa Services, Inc. announced today the introduction of ADASTAR Q+, its new system for the administration of non-qualified benefit plans.
This innovative system can be used by brokers, plan sponsors and carriers to administer a variety of non-qualified plans and associated life insurance programs such as Split Dollar, Supplemental Life Insurance, Salary Continuation, Death Benefit Only, Bank Owned Life Insurance and Deferred Compensation plans. The system is a scalable, real time, internet based tool set which supports a fully distributed service model. In addition, the system is integrated with Andesa’s robust ADASTAR® illustration, AFAS policy administration and reporting platforms.
According to Ron Scheese, President and CEO, “Andesa has strived to provide a fully integrated suite of tools and services to the non-qualified market that supports the entire sales and administrative process from end to end. We are excited that the release of ADASTAR® Q+ fulfills that vision.”
Vince Collier, Executive VP of Distribution Services at Andesa says, “Due to the recent consolidation of service providers in the executive benefits marketplace, many brokers and clients are re-evaluating their plan administration needs. With fewer service providers available, the introduction of this new, fresh approach for plan administration is very timely. Given the breakthrough nature of this system, there is tremendous interest in the marketplace.
With ADASTAR Q+, features like plan sponsor access, internet based report delivery, data access from numerous locations and integration with illustration and policy administration processes now become the new industry standard. Consequently, clients can look forward to a much more responsive service environment with more accurate information.”