Quick Overview
- 1#1: AgencyBloc - Automates billing, payments, commissions, and enrollment tracking specifically for life and health insurance agencies.
- 2#2: Ebix SmartOffice - Provides comprehensive agency management with integrated billing, policy administration, and client servicing for life insurance.
- 3#3: Applied Epic - Cloud-based platform offering advanced billing, accounting, and workflow automation for insurance agencies handling life policies.
- 4#4: AMS360 - Agency management system with robust billing, invoicing, and financial reporting features for life insurance operations.
- 5#5: HawkSoft - Delivers agency management software focused on accurate billing, commission calculations, and premium tracking for life insurance.
- 6#6: EZLynx - Integrated insurance platform combining quoting, agency management, and automated billing for life insurance carriers and agents.
- 7#7: NowCerts - Cloud-native agency software that streamlines billing, payments, and policy issuance for life insurance workflows.
- 8#8: Insureio - All-in-one CRM and management tool with built-in billing, accounting, and automated invoicing for life insurance agencies.
- 9#9: BindHQ - Modern platform for MGAs and wholesalers featuring billing, invoicing, and payment processing tailored to life insurance.
- 10#10: Duck Creek - Enterprise policy administration system with advanced billing modules supporting life and annuity insurance products.
We evaluated these tools based on functionality (e.g., automated billing, integration capabilities), user experience, and value, ensuring they meet the diverse needs of life insurance professionals seeking efficiency and accuracy.
Comparison Table
This comparison table explores leading life insurance billing software solutions, including AgencyBloc, Ebix SmartOffice, Applied Epic, AMS360, HawkSoft, and others, to guide users in evaluating key features and suitability. Readers will gain insights into how each tool addresses billing efficiency, integration needs, and operational workflows for effective insurance administration.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | AgencyBloc Automates billing, payments, commissions, and enrollment tracking specifically for life and health insurance agencies. | specialized | 9.5/10 | 9.7/10 | 9.0/10 | 9.2/10 |
| 2 | Ebix SmartOffice Provides comprehensive agency management with integrated billing, policy administration, and client servicing for life insurance. | enterprise | 8.7/10 | 9.2/10 | 7.9/10 | 8.4/10 |
| 3 | Applied Epic Cloud-based platform offering advanced billing, accounting, and workflow automation for insurance agencies handling life policies. | enterprise | 8.7/10 | 9.2/10 | 7.5/10 | 8.1/10 |
| 4 | AMS360 Agency management system with robust billing, invoicing, and financial reporting features for life insurance operations. | enterprise | 8.2/10 | 8.7/10 | 7.1/10 | 7.6/10 |
| 5 | HawkSoft Delivers agency management software focused on accurate billing, commission calculations, and premium tracking for life insurance. | specialized | 7.3/10 | 7.0/10 | 7.5/10 | 6.8/10 |
| 6 | EZLynx Integrated insurance platform combining quoting, agency management, and automated billing for life insurance carriers and agents. | enterprise | 8.1/10 | 8.5/10 | 7.8/10 | 7.5/10 |
| 7 | NowCerts Cloud-native agency software that streamlines billing, payments, and policy issuance for life insurance workflows. | specialized | 7.2/10 | 6.8/10 | 8.4/10 | 7.0/10 |
| 8 | Insureio All-in-one CRM and management tool with built-in billing, accounting, and automated invoicing for life insurance agencies. | specialized | 8.2/10 | 8.5/10 | 8.0/10 | 7.8/10 |
| 9 | BindHQ Modern platform for MGAs and wholesalers featuring billing, invoicing, and payment processing tailored to life insurance. | specialized | 7.1/10 | 6.8/10 | 7.8/10 | 7.0/10 |
| 10 | Duck Creek Enterprise policy administration system with advanced billing modules supporting life and annuity insurance products. | enterprise | 7.4/10 | 8.1/10 | 6.7/10 | 7.0/10 |
Automates billing, payments, commissions, and enrollment tracking specifically for life and health insurance agencies.
Provides comprehensive agency management with integrated billing, policy administration, and client servicing for life insurance.
Cloud-based platform offering advanced billing, accounting, and workflow automation for insurance agencies handling life policies.
Agency management system with robust billing, invoicing, and financial reporting features for life insurance operations.
Delivers agency management software focused on accurate billing, commission calculations, and premium tracking for life insurance.
Integrated insurance platform combining quoting, agency management, and automated billing for life insurance carriers and agents.
Cloud-native agency software that streamlines billing, payments, and policy issuance for life insurance workflows.
All-in-one CRM and management tool with built-in billing, accounting, and automated invoicing for life insurance agencies.
Modern platform for MGAs and wholesalers featuring billing, invoicing, and payment processing tailored to life insurance.
Enterprise policy administration system with advanced billing modules supporting life and annuity insurance products.
AgencyBloc
specializedAutomates billing, payments, commissions, and enrollment tracking specifically for life and health insurance agencies.
Carrier-direct billing integration that automates premium pulls and payments without manual data entry
AgencyBloc is a specialized CRM and agency management platform tailored for life insurance agencies, offering robust billing solutions including automated premium invoicing, commission tracking, and accounts receivable management. It integrates seamlessly with major carriers for direct billing and policy data syncing, reducing manual errors and ensuring compliance. The software also provides client portals for self-service payments and reporting, streamlining the entire billing lifecycle for life insurance brokers.
Pros
- Highly specialized insurance billing automation with carrier integrations
- Comprehensive commission and AR management tools
- Strong compliance features tailored for life insurance regulations
Cons
- Pricing can be high for very small agencies
- Initial setup and customization require time
- Less flexible for non-insurance billing needs
Best For
Mid-sized life insurance agencies seeking an all-in-one CRM with advanced automated billing and carrier connectivity.
Pricing
Custom pricing based on agency size and users; typically starts at $99/user/month with tiered plans.
Ebix SmartOffice
enterpriseProvides comprehensive agency management with integrated billing, policy administration, and client servicing for life insurance.
Vast carrier connectivity network enabling direct, real-time billing and premium downloads from over 500 carriers.
Ebix SmartOffice is a comprehensive agency management platform with robust life insurance billing capabilities, automating premium invoicing, payment processing, commission tracking, and reconciliations. It integrates billing seamlessly with policy administration, CRM, and carrier portals, supporting electronic funds transfer and ACH payments. Designed for insurance agencies, it ensures accurate billing cycles and compliance with industry regulations while providing detailed reporting on receivables and collections.
Pros
- Extensive carrier integrations for automated billing and data exchange
- Advanced automation for invoicing, payments, and commission calculations
- Scalable for mid-to-large agencies with strong reporting tools
Cons
- Steep learning curve due to feature depth
- Custom pricing can be expensive for smaller agencies
- Occasional customization required for specific workflows
Best For
Mid-sized to large life insurance agencies seeking an integrated billing solution within a full agency management system.
Pricing
Quote-based pricing; typically $75-$150 per user/month depending on modules and volume.
Applied Epic
enterpriseCloud-based platform offering advanced billing, accounting, and workflow automation for insurance agencies handling life policies.
Automated multi-carrier premium reconciliation and commission calculation engine
Applied Epic is a robust agency management system from Applied Systems that provides comprehensive billing solutions tailored for life insurance agencies, automating premium invoicing, commission tracking, and accounts receivable management. It integrates seamlessly with multiple life insurance carriers to streamline policy billing workflows and ensure accurate payment processing. While primarily an all-in-one platform, its billing module excels in handling complex life insurance portfolios with real-time reporting and reconciliation features.
Pros
- Extensive carrier integrations for automated life insurance billing
- Advanced commission and AR management tools
- Scalable for growing agencies with robust reporting
Cons
- Steep learning curve due to comprehensive feature set
- High cost may not suit small agencies
- Occasional customization required for specific billing needs
Best For
Mid-sized life insurance agencies seeking an enterprise-grade billing system integrated with full agency management.
Pricing
Custom enterprise pricing based on agency size and users, typically starting at $500+ per user/month with implementation fees.
AMS360
enterpriseAgency management system with robust billing, invoicing, and financial reporting features for life insurance operations.
Integrated PolicySys for automated carrier downloads and real-time billing reconciliation across life insurance products
AMS360 by Vertafore is a comprehensive agency management system (AMS) designed for insurance agencies, with robust billing modules that support life insurance premium processing, invoicing, and accounts receivable management. It automates billing workflows, handles direct and agency bill options, and integrates with numerous life insurance carriers for seamless data exchange. The software also provides real-time reporting and compliance tools tailored to life and annuity products, making it suitable for multi-line agencies.
Pros
- Extensive integration with over 400 carriers for automated policy downloads and billing
- Powerful accounting and AR/AP modules that streamline life insurance premium collections
- Scalable for mid-to-large agencies with customizable workflows and reporting
Cons
- Steep learning curve due to its complex, feature-dense interface
- High implementation and customization costs
- Less intuitive mobile access compared to newer specialized billing tools
Best For
Mid-sized to large insurance agencies managing a mix of life, health, and P&C lines that require integrated billing and agency management.
Pricing
Custom quoted pricing, typically $200-$500 per user/month with implementation fees starting at $10,000+ and annual contracts.
HawkSoft
specializedDelivers agency management software focused on accurate billing, commission calculations, and premium tracking for life insurance.
Seamless multi-carrier integration for automated life policy downloads and direct bill reconciliation
HawkSoft is a comprehensive agency management system (AMS) designed primarily for independent insurance agencies, with billing capabilities that extend to life insurance policies alongside P&C lines. It automates premium billing, invoicing, payment processing, and commission reconciliation for life products. While versatile, its life insurance billing features are solid but not as specialized as dedicated life/annuity platforms.
Pros
- Strong carrier integrations for direct billing and downloads
- Automated billing workflows reduce manual entry
- Robust reporting and commission tracking tools
Cons
- Less specialized for complex life/annuity billing compared to niche tools
- Steep initial setup and learning curve for life modules
- Pricing can be higher for smaller agencies focused solely on life
Best For
Independent insurance agencies managing a mix of P&C and life insurance who need an all-in-one AMS with reliable billing.
Pricing
Quote-based pricing typically starts at $50-80 per user/month, plus setup fees and add-ons for life modules.
EZLynx
enterpriseIntegrated insurance platform combining quoting, agency management, and automated billing for life insurance carriers and agents.
Integrated comparative rater that auto-populates billing data from quotes across 300+ carriers
EZLynx is a comprehensive insurance agency management platform with integrated billing capabilities tailored for life insurance, enabling automated invoicing, payment processing, commission tracking, and accounts receivable management. It seamlessly connects billing workflows with quoting and policy management tools across multiple carriers. While versatile for various insurance lines, its billing module supports life insurance agencies by reducing manual entry and improving cash flow visibility through real-time reporting.
Pros
- Seamless integration of billing with quoting and policy management
- Supports multi-carrier billing with automated reconciliation
- Robust reporting and commission tracking tools
Cons
- Steeper learning curve for billing customization
- Higher pricing may not suit very small agencies
- Less specialized for pure life insurance billing compared to dedicated tools
Best For
Mid-sized life insurance agencies seeking an all-in-one platform that combines billing with agency management and quoting.
Pricing
Quote-based pricing, typically $150-$300 per user per month depending on modules and agency size.
NowCerts
specializedCloud-native agency software that streamlines billing, payments, and policy issuance for life insurance workflows.
Integrated online payment processing with instant ACH/credit card acceptance and automated receipts
NowCerts is a cloud-based insurance management platform primarily focused on certificates of insurance, ACORD forms, and compliance, with integrated billing and payment processing tools. It supports automated invoicing, online payments via credit card or ACH, and client portals for premium collections, making it adaptable for insurance agency billing workflows. While not specialized for life insurance, its flexible features can handle premium billing, receivables tracking, and policy-related payments with agency management system integrations.
Pros
- Intuitive interface with quick setup for invoicing and payments
- Strong security features including SOC 2 compliance and e-signatures
- Integrations with popular agency management systems like EZLynx and Applied
Cons
- Limited native support for life insurance-specific forms and underwriting workflows
- Billing features are secondary to certificate management, requiring workarounds for complex life policies
- Per-certificate or volume-based fees can increase costs for high-premium life billing
Best For
Small to mid-sized insurance agencies needing a versatile platform for mixed P&C and life insurance billing alongside certificate management.
Pricing
Starts at $29/month for basic plans, scales to $99+/user/month or custom enterprise pricing with per-certificate fees.
Insureio
specializedAll-in-one CRM and management tool with built-in billing, accounting, and automated invoicing for life insurance agencies.
Seamless auto-billing with split premium support and direct carrier policy syncing for error-free life insurance renewals
Insureio is a cloud-based agency management platform designed for insurance agencies, with robust billing capabilities tailored for life insurance policies including automated invoicing, premium collections, and renewals. It integrates with major carriers for seamless policy data syncing and supports multiple payment methods like ACH, credit cards, and e-checks. The software streamlines billing workflows, reduces errors, and provides real-time commission tracking, making it suitable for agencies handling high volumes of life insurance business.
Pros
- Automated billing and invoicing with carrier integrations for accurate premium management
- Flexible payment processing options including ACH and credit cards with low fees
- Real-time reporting and commission calculations to improve cash flow visibility
Cons
- Pricing can be steep for smaller agencies
- Initial setup requires carrier configurations which may take time
- Limited advanced customization for highly specialized billing rules
Best For
Mid-sized life insurance agencies seeking an all-in-one platform for efficient billing and policy administration.
Pricing
Starts at $125/user/month for Essentials plan, $175/user/month for Pro, with Enterprise custom pricing; includes billing features in all tiers.
BindHQ
specializedModern platform for MGAs and wholesalers featuring billing, invoicing, and payment processing tailored to life insurance.
Seamless end-to-end workflow from quoting and binding to automated billing and commission reconciliation
BindHQ is an agency management platform primarily designed for property and casualty insurance agencies, offering integrated tools for policy management, quoting, binding, and billing. It automates invoicing, payment processing, commission tracking, and accounting tasks, which can support life insurance billing through general premium handling and client portals. However, it lacks deep specialization in life insurance-specific workflows like annuity processing or long-term policy renewals compared to dedicated life insurance systems.
Pros
- Automated billing and invoicing with payment tracking
- Strong integration with carriers and accounting tools
- User-friendly interface with mobile access
Cons
- Limited customization for life insurance-specific billing needs
- Primarily optimized for P&C lines, requiring workarounds for life policies
- Pricing can be steep for smaller agencies focused solely on life insurance
Best For
Mid-sized insurance agencies handling mixed P&C and life insurance lines that need an all-in-one management system with solid general billing capabilities.
Pricing
Custom pricing starting around $99 per user per month, with tiers based on agency size and features; enterprise plans available upon request.
Duck Creek
enterpriseEnterprise policy administration system with advanced billing modules supporting life and annuity insurance products.
Seamless, real-time synchronization with Duck Creek Policy Admin for automated billing triggers and adjustments on policy changes
Duck Creek Billing is a robust, cloud-based module within the Duck Creek insurance suite tailored for managing premium billing, invoicing, payments, and accounts receivable across various insurance lines, including life insurance. It supports complex billing schedules for life policies, such as single premium, installments, and flexible payment plans, with integration to Duck Creek's policy administration system for seamless data flow. The solution offers real-time processing, automated collections, and analytics to optimize cash flow for life insurers.
Pros
- Highly scalable for enterprise-level volumes
- Deep integration with Duck Creek Policy and Claims modules
- Flexible billing configurations for diverse life products
Cons
- Steep learning curve and complex setup
- Higher cost suitable mainly for mid-to-large carriers
- User interface feels dated compared to modern SaaS tools
Best For
Mid-sized to large life insurance carriers needing an integrated billing solution within a full insurance SaaS ecosystem.
Pricing
Custom enterprise pricing, often starting at $500K+ annually based on users, modules, and deployment scale.
Conclusion
The reviewed life insurance billing software offers diverse solutions, each designed to streamline specific needs, with AgencyBloc leading as the top choice for its specialized focus on billing, commissions, and enrollment tracking. Ebix SmartOffice and Applied Epic closely follow, providing comprehensive integrated management and advanced automation that cater to different operational priorities, ensuring robust options for agencies of various sizes and workflows.
To experience the efficiency of a top-performing tool, start exploring AgencyBloc—its tailored features make it an ideal starting point for elevating your billing and operational processes.
Tools Reviewed
All tools were independently evaluated for this comparison