1. An online life insurance document management service system comprising: a host server having a web-based interface configured to facilitate secure customer access to the host server, the host server configured to receive life insurance data communicated from the customer via the web-based interface through use of a computing device; a processor in operative communication with the host server and configured to process the life insurance data communicated from the customer; said processor having a processing software application, said processing software application when executed by the processor is configured to: classify the processed life insurance data; selectively extract data from the processed life insurance data based on the classification; and selectively present the processed life insurance data for a customer verification via the web-based interface upon at least one of an unsuccessful classification and an unsuccessful extraction of data; a storage device in operative communication with the processor and configured to store the extracted data as metadata upon at least one of the customer verification and the extraction of data; and said processor having a content management software application, said content management software application when executed by the processor is configured to: detect at least one triggering condition caused by a material change to the stored metadata; and generate at least one report corresponding to the stored metadata in response to request and the detection of the at least one triggering condition.