Life insurance policies include key financial and benefit information critical to understanding long-term coverage commitments. Feathery’s AI extraction engine automates the capture of structured policy data, including the policy number, effective and expiration dates, named insured, and plan name. It extracts the full coverage description and coverage amount, along with eligibility criteria, included benefits, and any provisions for accelerated life or death benefits under qualifying conditions. The engine also identifies the maximum benefit payable, as well as any optional riders or add-ons attached to the policy, including who is eligible to receive them.
In addition to core coverage terms, Feathery surfaces payment and premium details such as annual premium amounts, fees, and available installment schedules (e.g., monthly or annually). It also highlights any exclusions or limitations that could affect benefit eligibility or payout. This template is ideal for life insurers, brokers, and financial planning platforms that need to process policy documents efficiently, reduce manual review time, and deliver clear, structured insights to policyholders and advisors.