Insurance Technologies Implements Annuity Sales Platform
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Insurance Newslink
May 30, 2010
303 words
Insurance Technologies implements annuity sales platform
Insurance Technologies, the provider and industry innovator in the creation of product comparison, compliance, suitability and point-of-sale software for the insurance, financial services and brokerage industries, has announced the successful implementation of the VisibleChoice annuity sales platform for Purshe Kaplan Sterling Investments (PKS Investments).
After performing due diligence on a number of vendors to be able to provide a side-by-side comparison for Variable Annuity exchanges, PKS Investments chose Insurance Technologies' VisibleChoice as it's annuity sales solution provider. The deciding factors in their decision to select VisibleChoice were; its built-in compliance and suitability features, its ability to deliver quick, comprehensive annuity product information including all carrier product details such as costs, riders, benefits, etc. Affordability was also a compelling factor in their decision.
The VisibleChoice sales & compliance platform enables investment executives to select and compare multiple annuity products at once, create compliant illustrations and recommend the annuity that is best-suited for their client's needs. With one summary view within VisibleChoice, investment executives can compare product features such as income benefits, share classes, withdrawal benefits and illustrative results. "VisibleChoice is very comprehensive and user friendly. Currently, all our reps that sell variable annuities are required to use VisibleChoice. The annuity reports that VisibleChoice provides is proving very helpful in our supervisory review of the sales and exchanges of variable annuities," said Katherine Flouton, coo, Purshe Kaplan Sterling Investments. "Working with Insurance Technologies has been a very positive experience. They are very responsive and easy to work with."
May 30, 2010
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