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Old Mutual Financial Network and Insurance Technologies Reach Milestone in Successfully Modeling Unique Protection Benefits

email this aricle - Old Mutual Financial Network and Insurance Technologies Reach Milestone in Successfully Modeling Unique Protection Benefits - COLORADO SPRINGS, CO - 30 July  2007 print this article - Old Mutual Financial Network and Insurance Technologies Reach Milestone in Successfully Modeling Unique Protection Benefits - COLORADO SPRINGS, CO - 30 July  2007
Insurance Technologies LLC, the premier provider of illustration and point-of-sale software for the financial services and brokerage industries, announces the achievement of a significant milestone in the development of a robust point-of-sale system for Old Mutual Financial Network. Beacon Navigator Variable Annuity from OM Financial Life Insurance Company is the industry’s first VA to bundle
income and death benefits in a single rider. In addition, investors can select an asset allocation model with recommended allocations by itself or with individually selected sub accounts. Insurance Technologies ForeSight™ creates illustrations, on an integrated webbased platform, which give Old Mutual producers a powerful and remarkably simple way to illustrate innovative solutions for clients.

Insurance Technologies and Old Mutual have just achieved the goal of expediently
delivering to producers a multifaceted system that illustrates the differentiating values and benefits of Variable Annuities. The professional, graphically rich, and compliant sales illustration integrates Asset Allocation models, a Walk-Thru Training Wizard, EApplications, marketing brochures, and more. ForeSight™ gives Old Mutual a flexible and convenient platform for their business model.

“We are excited to have reached a major objective in effectively delivering comprehensive information to our producers and clients,” said Patrick Ferrer, Vice President Variable Products, Old Mutual. “ForeSight™ is a simple and streamlined way to deliver complex product features and investor tools to both financial service professionals and consumers.”

“Old Mutual’s Variable Annuity is unique in its ability to provide income and death
benefits in one rider,” said Paul Skordilis, Executive Vice President Worldwide Sales & Marketing, Insurance Technologies LLC. “The company’s commitment to advanced product packaging solutions inspires our team to work harder to further enhance Foresight™’s distinct client-centered benefits. We are honored that Old Mutual joins dozens of other companies that successfully model their retirement income portfolio using ForeSight™ and we are actively planning additional enhancements to support Old Mutual’s uncommon VA offerings.”

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