Milwaukee, Wisconsin, January 8, 2004, COSS Development Corporation, a specialist in illustration and point of sale systems for the financial services industry, has released a new version of its business and benefits planning software. Tapestryâ¢ 2004 is COSSâ premier advanced marketing software package. Tapestry 2004 includes a new module dealing with the use of Life Insurance for charitable giving. The new module provides both a donorâs perspective, and a charityâs perspective with regard to the value of life insurance as a vehicle for charitable giving. With the addition of Charitable Giving, Tapestry contains a total of 21 planning modules dealing with various non-qualified employee benefits, estate liquidity funding, premium funding, mortgage assurance and the comparative analysis of various financial accumulation and risk transfer vehicles.
Other enhancements included in the new version release for 2004 are the update of 7872 annual blended rate calculations as well as tax-table planning hints for individuals, corporations and trusts. Tapestry 2004 also includes updates to accommodate full compliance with final regulations governing Split Dollar.
Tapestry 2004 is being distributed to all current system users as a free version upgrade. Tapestry 2004 may be licensed by insurance carriers for distribution to their sales force. It may be integrated to transfer data directly from or to the carrierâs illustration calculation engine to achieve straight-through processing. Like all COSS applications, Tapestry 2004 can be deployed on both the Web and desktop.