# Best Life Insurance Policy Administration Systems - Page 2

## How Many Life Insurance Policy Administration Systems Products Does G2 Track?

**Total Products under this Category:** 43

### Category Stats (Jul 2026)

- **Average Rating:** 4.26/5 The average rating of products in this category, based on all submitted ratings

_Last updated: July 31, 2026_

## How Does G2 Rank Life Insurance Policy Administration Systems Products?

**Why You Can Trust G2's Software Rankings:**

- 30 Analysts and Data Experts
- 100+ Authentic Reviews
- 43+ Products
- Unbiased Rankings

G2's software rankings are built on verified user reviews, rigorous moderation, and a consistent research methodology maintained by a team of analysts and data experts. Each product is measured using the same transparent criteria, with no paid placement or vendor influence. While reviews reflect real user experiences, which can be subjective, they offer valuable insight into how software performs in the hands of professionals. Together, these inputs power the G2 Score, a standardized way to compare tools within every category.

### [AGEman Office](https://www.g2.com/products/ageman-office/reviews)

Life insurance agency back office system for new business, inforce, commission and agent compliance. Meets ACORD and CITS standards

#### Who Is the Company Behind AGEman Office?

- **Seller:** [AGEman Solutions](https://www.g2.com/sellers/ageman-solutions)
- **HQ Location:** N/A
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=7886df2ed926834e5eb248c77dcfa8e5c815d3ab1f0fe3132ced0dba45868834&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2FNo-Linkedin-Presence-Added-Intentionally-By-DataOps&secure%5Burl_type%5D=linkedin_company_website)  
1 employees on LinkedIn®

### [Andesa Policy Administration System](https://www.g2.com/products/andesa-policy-administration-system/reviews)

Our Policy Administration software is hosted in a secure, private cloud environment. We take a transaction-based approach to product configuration, policy issuance, and policy lifecycle events, including financial and non-financial processing. Leading carriers use the system to support open and closed blocks of individual and group products. Term life Whole life Universal life (fixed and indexed) Variable Universal Life Structured Settlements Private Placement (VUL and Annuities) Immediate and deferred annuities (fixed, indexed, and variable) Settlement annuities First- and second-to-die

#### Who Is the Company Behind Andesa Policy Administration System?

- **Seller:** [Andesa Services](https://www.g2.com/sellers/andesa-services)
- **Year Founded:** 1983
- **HQ Location:** Allentown, Pennsylvania, United States
- **Twitter:** @AndesaServices  
505 Twitter followers
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=275aeb78e9abfe22e0cf35c82fef17fc899b27790c2f06f2889150176addf4bf&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fandesaservices&secure%5Burl_type%5D=linkedin_company_website)  
185 employees on LinkedIn®

#### Who Uses This Product?

- **Company Size:** 100% Small

### [Aquila](https://www.g2.com/products/aquila/reviews)

Aquila is part of aquilaheywood, life and pensions administration software solutions.

#### Who Is the Company Behind Aquila?

- **Seller:** [Aquila](https://www.g2.com/sellers/aquila)
- **Year Founded:** 1975
- **HQ Location:** Altrincham, GB
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=8c7a4f70efb54f567096595752fefac6fee8aaecc8862fdd6cf49ab9bffb6d9a&secure%5Burl%5D=http%3A%2F%2Fwww.linkedin.com%2Fcompany%2Faquilaheywood&secure%5Burl_type%5D=linkedin_company_website)  
217 employees on LinkedIn®

### [Aquila Altair](https://www.g2.com/products/aquila-altair/reviews)

The Administrator™ platform is a powerful back-office engine with integrated digital solutions that drives your whole policy administration operation from case management and servicing to product configuration, reporting and member communications.

#### Who Is the Company Behind Aquila Altair?

- **Seller:** [Aquila](https://www.g2.com/sellers/aquila)
- **Year Founded:** 1975
- **HQ Location:** Altrincham, GB
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=8c7a4f70efb54f567096595752fefac6fee8aaecc8862fdd6cf49ab9bffb6d9a&secure%5Burl%5D=http%3A%2F%2Fwww.linkedin.com%2Fcompany%2Faquilaheywood&secure%5Burl_type%5D=linkedin_company_website)  
217 employees on LinkedIn®

### [Atidot](https://www.g2.com/products/atidot/reviews)

Life insurance platform for all your in-force needs and decision making.

#### Who Is the Company Behind Atidot?

- **Seller:** [Atidot](https://www.g2.com/sellers/atidot)
- **Year Founded:** 2016
- **HQ Location:** Palo Alto, US
- **Twitter:** @AtidotIsrael  
412 Twitter followers
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=dc40c1dd9415a002661682af6e6db0764b47690c6b233558099f89b759b1dfb3&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fatidot%2F&secure%5Burl_type%5D=linkedin_company_website)  
20 employees on LinkedIn®

### [Axelerator Life Systems. From needs analysis to reinsurance](https://www.g2.com/products/axelerator-life-systems-from-needs-analysis-to-reinsurance/reviews)

Axelerator Policy Admin is a customer centric, smart, real time, highly configurable, web-enabled, rule-based technology that supports the full lifecycle of a policy including Pre-assessment, Needs Analysis, Quote/Proposal, Calculation engine, Application, Personal Statement, Underwriting Workbench, Mid-term changes, Renewal, Lapse and Cancellation. It uses the same code as all of our other products and integrates with Axelerator Claims using the same database and code. Axelerator is designed to integrate to other systems if required for some of this processing, such as rating engines, underwriting rules engines and document management systems. Axelerator supports the generation and posting of all accounting transactions and reinsurance bordereau. Axelerator’s architecture is different to other life insurance systems as it has at the core, a powerful rules engine that drives the entire system including applying business logic, generation the user interface, applying data validation, integration, organising the process flow and performing calculations. Axelerator will give your organisation a major advantage in the market, providing an automated solution to replace the current, time consuming, costly highly fragmented systems and manual processes. Axelerator can also integrate with your existing strategic systems for pricing, underwriting, channel distribution finance and reporting and analytics. All the features and integration services needed are already in use by Axe clients in the insurance industry.

#### Who Is the Company Behind Axelerator Life Systems. From needs analysis to reinsurance?

- **Seller:** [Axe Group](https://www.g2.com/sellers/axe-group)
- **Year Founded:** 1997
- **HQ Location:** Sydney, AU
- **Twitter:** @axegroup  
615 Twitter followers
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=77c36f5312e29f20156615f416c175ff270218e47b4064aecc7bde92524bcb2e&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2F25231&secure%5Burl_type%5D=linkedin_company_website)  
169 employees on LinkedIn®

### [Generix Finansys](https://www.g2.com/products/generix-finansys/reviews)

The Generix Finansys system is an end to end management platform for an asset manager that manages Provident funds, Pension funds, study funds and other financial products that are heavy on regulation, internal process and are aimed at the long and midterm savings product.

#### Who Is the Company Behind Generix Finansys?

- **Seller:** [Generix Finansys](https://www.g2.com/sellers/generix-finansys)
- **HQ Location:** N/A
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=7886df2ed926834e5eb248c77dcfa8e5c815d3ab1f0fe3132ced0dba45868834&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2FNo-Linkedin-Presence-Added-Intentionally-By-DataOps&secure%5Burl_type%5D=linkedin_company_website)  
1 employees on LinkedIn®

### [Haven Technologies](https://www.g2.com/products/haven-technologies/reviews)

Haven Technologies Asia is a SaaS solution provider, offering an end-to-end, front-to-back insurance technology platform.

#### Who Is the Company Behind Haven Technologies?

- **Seller:** [Haven Technologies](https://www.g2.com/sellers/haven-technologies)
- **HQ Location:** N/A
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=7886df2ed926834e5eb248c77dcfa8e5c815d3ab1f0fe3132ced0dba45868834&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2FNo-Linkedin-Presence-Added-Intentionally-By-DataOps&secure%5Burl_type%5D=linkedin_company_website)  
1 employees on LinkedIn®

### [InsureEdge](https://www.g2.com/products/insureedge/reviews)

InsureEdge is an all-in-one insurance software for policy administration and claims management that helps Insurers deliver a connected, relevant, and seamless experience to policyholders while empowering their employees, agents, and partners to do what they do best with more efficiency and at lower operational cost. It orchestrates a customizable and unified platform that eliminates the need for disparate IT systems, thus generating operational efficiency, and cost savings. Several leading insurance companies use InsureEdge across multiple lines of businesses, including P&C Insurance, Life Insurance, and General Insurance, to streamline their customer onboarding, policy management, claim management, document management, customer relationship management and payment processing.

**Average Rating:** 4.5/5.0

**Total Reviews:** 4

#### Who Is the Company Behind InsureEdge?

- **Seller:** [Damco Solutions](https://www.g2.com/sellers/damco-solutions)
- **Year Founded:** 1996
- **HQ Location:** Plainsboro, New Jersey
- **Twitter:** @damcosol  
2,474 Twitter followers
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=74f6a0255759f042b4cb8732dd43e421509ae507a68dd8aa5626ffc3e8c44ec2&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fdamco-solutions%2F&secure%5Burl_type%5D=linkedin_company_website)  
1,198 employees on LinkedIn®

#### Who Uses This Product?

- **Company Size:** 50% Large, 25% Medium

#### What Are Recent G2 Reviews of InsureEdge?

**["The tool that helps to reduce time in policy clearance"](https://www.g2.com/survey_responses/insureedge-review-7355576)**

**Rating:** 4.5/5.0 stars

_— Ravindra S._

[Read full review](https://www.g2.com/survey_responses/insureedge-review-7355576)

**["The most practical solution for our insurance operations"](https://www.g2.com/survey_responses/insureedge-review-9369315)**

**Rating:** 5.0/5.0 stars

_— Christina S._

[Read full review](https://www.g2.com/survey_responses/insureedge-review-9369315)

### [LeanApps Life](https://www.g2.com/products/leanapps-life/reviews)

Web-based software for the complete management and administration of policies for Life insurance companies and pension funds.

#### Who Is the Company Behind LeanApps Life?

- **Seller:** [LeanApps](https://www.g2.com/sellers/leanapps)
- **Year Founded:** 2014
- **HQ Location:** Berlin, DE
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=d6675c1644246ce191f133b48ec4ea2bf1e8c62be1b7def4a286122b6864f9e0&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2F2586118&secure%5Burl_type%5D=linkedin_company_website)  
29 employees on LinkedIn®

### [LIFELINK](https://www.g2.com/products/lifelink/reviews)

LIFELINK is the standard solution for policy administration in the life and pensions industry.

#### Who Is the Company Behind LIFELINK?

- **Seller:** [Edlund](https://www.g2.com/sellers/edlund)
- **Year Founded:** 1992
- **HQ Location:** Frederiksberg, DK
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=08881e116068bd153213c1d30fbab1775e4b5287f2523398e2e15db103fd9b2f&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fedlund-as&secure%5Burl_type%5D=linkedin_company_website)  
130 employees on LinkedIn®

### [Lumera](https://www.g2.com/products/lumera/reviews)

Discover how we transform Life and Pensions with a unified administration environment that's so much more than a policy administration system.

#### Who Is the Company Behind Lumera?

- **Seller:** [Lumera](https://www.g2.com/sellers/lumera)
- **Year Founded:** 2003
- **HQ Location:** Stockholm, Skåne County, Sweden
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=a6256864b9908e982b652ab528a5d7340d2aa6122892499aad6352bf3a854529&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Flumera-ab&secure%5Burl_type%5D=linkedin_company_website)  
523 employees on LinkedIn®

### [Montoux](https://www.g2.com/products/montoux/reviews)

Montoux provides one solution to give you optimized, data-driven decision making capabilities

#### Who Is the Company Behind Montoux?

- **Seller:** [Montoux](https://www.g2.com/sellers/montoux)
- **Year Founded:** 2012
- **HQ Location:** New York, US
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=81fbe256566f266e43abbbf5592b8a62abe49781d48171dcde77920b902834f4&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fmontoux%2F&secure%5Burl_type%5D=linkedin_company_website)  
9 employees on LinkedIn®

### [msg.Life Factory](https://www.g2.com/products/msg-life-factory/reviews)

The upgradeable standard software msg.Life Factory is a policy administration system that features cutting-edge actuarial and financial models and flexible processes. msg.Life Factory enables innovative products to be introduced quickly and all business processes to be carried out with great efficiency for private client business and collective business alike (such as company pension schemes). Its modern, service-oriented system architecture based on cloud technology supports various business models from back-office processing to a portal-based B2C approach.

#### Who Is the Company Behind msg.Life Factory?

- **Seller:** [msg.Insurance Suite](https://www.g2.com/sellers/msg-insurance-suite)
- **Year Founded:** 1980
- **HQ Location:** Leinfelden-Echterdingen, DE
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=8c9c457533270a1920d9821d33d29da74626607d0a50f388a8628e8f3fd6d5b4&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fmsg-insurance-suite%2F%3ForiginalSubdomain%3Dde&secure%5Burl_type%5D=linkedin_company_website)  
163 employees on LinkedIn®

### [OneOffice](https://www.g2.com/products/oneoffice/reviews)

OneOffice is a component of Ebix's complete end to end solution, Ebix STP, that gives your organization flexibility and control. OneOffice can be implemented within months, to support the sales and administration requirements of new insurance products. Straight Through Processing makes OneOffice flexible and cost effective.

#### Who Is the Company Behind OneOffice?

- **Seller:** [Ebix](https://www.g2.com/sellers/ebix)
- **Year Founded:** 1976
- **HQ Location:** Johns Creek, GA
- **Twitter:** @EbixInc  
1,690 Twitter followers
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=fec377ae8a15eb528f92d984b25a3de32d36908662ebbfa83936ecdedd98718b&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2F40563%2F&secure%5Burl_type%5D=linkedin_company_website)  
1,663 employees on LinkedIn®
- **Ownership:** OTCMKTS: EBIXQ

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 ![Neya Kumaresan](/assets/transparent-ad5be28fbcd25b7b08d2cebe1d957125437fb5407d75ee717965ad22c8808791.gif "Neya Kumaresan")
NK

Researched and written by [Neya Kumaresan](https://research.g2.com/insights/author/neya-kumaresan)

Updated October 3, 2024

Life insurance policy administration software helps insurers manage life and annuity insurance policies. Life insurance policy administration systems allow insurers to develop and administer new life, annuity, pension, and health insurance products for clients. Using these systems, organizations can design new policies, calculate policy costs, and maintain a record of policies issued to clients. Some systems offer libraries of prebuilt insurance product features that reduce time to market. Life insurance policy administration systems are commonly used by enterprise insurance organizations to manage existing policies and develop new insurance products. These systems can improve policy flexibility and administration. Life insurance policy administration systems can be implemented either as a standalone solution or as part of an integrated [insurance suite](https://www.g2.com/categories/insurance-suites).

To qualify for inclusion in the Life Insurance Policy Administration category, a product must:

- Facilitate the definition, testing, and distribution of new life insurance products
- Facilitate management of client life, annuity, pension, and health policies

Show More

* * *

## How Do You Choose the Right Life Insurance Policy Administration Systems?

### What You Should Know About Life Insurance Policy Administration Systems

### What are Life Insurance Policy Administration Systems?

Life insurance policy administration systems, sometimes referred to as policy administration systems (PAS), manage the entire life insurance life cycle for insurance professionals. Life insurance policy administration solutions are a type of insurance software with features to handle everything from creating new products to issuing policies and handling claims related to an insurance company’s policies. These tools provide insurers with the means to digitize their policy creation and issuance, streamlining their businesses and making customer interactions easier. Life insurance policy administration systems aid in the digital transformation of insurance agencies, reducing the cost and difficulties associated with creating, issuing, and managing life insurance policies and the annuities the provider will have to pay out. 

For example, a smaller insurer is looking for ways to introduce more efficiency into their business and fuel their product-related decision making with data. That insurer could implement a life insurance policy administration system to have a consolidated, organized view across multiple business units and drive improved outcomes.

### What are the Common Features of Life Insurance Policy Administration Systems?

The following are some core features within life insurance policy administration systems that can help users with:

**Underwriting:** Most tools either provide native underwriting functionality or support the underwriting function by fueling it with real-time policy data. Underwriting capabilities make life insurance policy administration systems more comprehensive and enhance the amount of automation in a given company. 

**Rules-based calculation engine:** Using rules input from the insurer, this feature helps to standardize insurance-product-related calculations across the business. These are configurable, allowing users to manipulate inputs, change information related to potential policy changes and policyholder behavior to see possible business outcomes, and plan insurance company decisions. 

**Claims processing:** Processes claims related to life insurance policies managed by the life insurance policy administration system. The claims features a system provides are key to preventing fraud and unnecessary payouts on annuities. 

**Web portal:** Provides a web portal through which potential customers and policyholders can submit policy applications and documents related to claims and policies. Web portals allow insurers to shift to a more self-service model and empower their customers while introducing operational efficiency along the way. 

**Product templates:** Contains reusable templates for insurers to create new products and alter existing product lines. This feature is particularly useful for companies that want to quickly and easily adapt to shifting consumer needs and offer them products in line with those needs. 

**Analytics:** Analyzes policy-related data for different lines of business to aid in risk management across the policy lifecycle, including renewals. Analytics tools help streamline business processes across the insurance industry while meeting regulatory standards. 

### What are the Benefits of Life Insurance Policy Administration Systems?

There are numerous benefits to using life insurance policy administration systems; a few of them are mentioned below: 

**Data-driven decision making:** Data is the fuel on which the insurance industry runs. The easier access to real-time data an insurance provider has, the better decisions they can make for their business and their customers. Life insurance policy administration systems provide single-pane access to real-time policy information across an organization’s customer base, allowing users to use that data to generate new business strategies and manage existing product lines. 

**Streamlined product release process:** Product configuration features and configurable workflows reduce the time to market for new products and product configurations. Life insurance policy administration tools make organizations more nimble, able to engage in faster product development, roll out new product lines, and alter existing ones while adjusting to market conditions and demands in real time. 

**Improved customer experience:** Customer portals included in these solutions drive more efficiency related to account applications and onboarding workflow. As more businesses empower their customers with an increasingly self-serve model, life insurance policy administration tools are a way for insurers to do the same. 

### Who Uses Life Insurance Policy Administration Systems?

**Insurance brokers:** Insurance companies, typically large insurance ones, and their brokers are the primary users of life insurance policy administration systems. These companies use these tools to streamline their processes and become more efficient, effective organizations. 

**Policyholders:** Insurance policyholders, or insurance customers, may use insurance policy administration tools to update account information, request policy changes, apply for new policies, and generally interact with their insurers in a more self-service way. 

#### Software Related to Life Insurance Policy Administration Systems

Related solutions that can be used together with life insurance policy administration systems include:

[Insurance agency management software](https://www.g2.com/categories/insurance-agency-management) **:** Insurance agency management software may integrate with life insurance policy administration systems to provide a seamless transition from prospect to customer and policyholder. 

[Insurance claims management software](https://www.g2.com/categories/insurance-claims-management) **:** Life insurance policy administration systems often include, or will integrate with, insurance claims management tools to help provide an integrated stack of symbiotic solutions. 

### Challenges with Life Insurance Policy Administration Systems

Software solutions can come with their own set of challenges. 

**Data security:** Life insurance policy administration tools contain a lot of sensitive customer data. With many customers and users comes a larger attackable surface, which means more risk and more reason for insurance providers to properly vet their insurance software providers in adherence to business rules. Prospective buyers should vet potential vendors thoroughly to assess their security standards and determine whether or not they meet those which have been internally set. 

**Interoperability:** Ensuring a product will integrate or communicate well with existing solutions across the organization’s technology stack, particularly with its core systems, is vital to its successful implementation and use. During the buying process, prospective customers should ask questions related to existing integrations and ones on the roadmap. An isolated solution is typically an inefficient and ineffective one in the context of a business with dozens of pieces of software, so interoperability is key to selecting the right new solution. 

### How to Buy Life Insurance Policy Administration Systems

#### Requirements Gathering (RFI/RFP) for Life Insurance Policy Administration Systems

Prospective buyers should choose a selection team before putting together their list of requirements. That list should consider the organization’s existing tech stack, including products with which the life insurance policy administration system will need to integrate. RFPs should be realistic about cost, but they should be designed with the understanding that aspects like demonstrated ROI and high user adoption are far more important than the sticker price. 

#### Compare Life Insurance Policy Administration Systems Products

**Create a long list**

The long list should comprise all products which meet the initial list of core requirements. Buyers should try to limit the number of products to a list short enough that every product can get a fair evaluation while narrowing the long list down to a short list. 

**Create a short list**

The short list should include products that include wishlist features but ones that will pass the test of implementation and adoption. The short list should be a time to dive into the proven ROI of the product seen at other, like-sized companies.

**Conduct demos**

The demo process should be comprehensive. The selection team should ask questions specific to their business, diving into how the product would handle different configurations and potential product lines that are on the roadmap. 

#### Selection of Life Insurance Policy Administration Systems

**Choose a selection team**

The selection team should include actual users of the software as well as security stakeholders and IT professionals with a good understanding of how the solution will fit into the existing systems in place. 

**Final decision**

The decision should be based on a consensus among a small group of key stakeholders. Because insurance companies are often divided along product-type lines, the life insurance portion of the company, the actual users of the software, should have a significant voice during the decision-making process.