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Learn more: How to Submit Ideas
Rather than only having the option to pull premium into a proposal, it would be great to have the option to pull in annualized premium. When presenting to the customer, the premium can appear to increase more from one year to another than it actually has when presenting premium versus annualized premium.
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This is incredibly important to minimize the considerable manual work and potential manual error related to getting a year over year, apples to apples comparison for the client on a renewal proposal. Mid-term endorsements understate the premium when compared to the renewal term which states the premium in full.