Merrill Lynch Insurance Group Chooses Insurance Technologies’ ForeSight™ Mobility Solution to Illustrate its Proprietary Variable Annuity Products


May 16, 2005
Colorado Springs, CO


Merrill Lynch Insurance Group joins the growing list of top-tier insurance carriers implementing Insurance Technologies’ point-of-sale illustration software

COLORADO SPRINGS, CO (May 16, 2005) – Insurance Technologies, the premier provider of point-of-sale management software for the financial services and brokerage industries, announces that Merrill Lynch Insurance Group, Inc. has selected ForeSight Mobility to illustrate its proprietary annuity product line. ForeSight Mobility allows a user to work in an online, or offline mode using desktops, laptops and other hardware devices and supports all product lines including Life, Annuities, Mutual Funds, Disability Income, Long Term Care and Critical Illness – all on a single platform.

The ForeSight system will illustrate living benefits, death benefits and various other variable annuity options. Financial advisors, district annuity specialists and sales desk employees will use ForeSight Mobility to show the power of Merrill Lynch’s proprietary variable annuities. The illustration output and simplicity of the user interface will help clients and representatives easily review and understand Merrill Lynch’s product line.

Insurance Technologies provides a proven illustration solution to financial services companies worldwide and the only fully mobile point-of-sale solution in the industry,” said Steve Leigh, Senior Vice President of Sales & Marketing, Insurance Technologies.

“ForeSight Mobility will be a valuable tool for our advisors,” said Scott Edblom, Vice President, Merrill Lynch Insurance Group. “The state-of-the-art illustration system provides a powerful way for advisors to manage the variety of solutions and options available to address their clients’ insurance needs.”

About Insurance Technologies 

Based in Colorado Springs, Colorado, Insurance Technologies offers point-of-sale illustration software to the insurance and financial services industries. Its award-winning product, ForeSight, supports all product types, including Life, Health, Annuities, Mutual funds, Critical Illness, DI, and LTC – all on a single mobile platform.

The Merrill Lynch Insurance Group Inc., an indirect wholly owner subsidiary of Merrill Lynch & Co., Inc., which includes Merrill Lynch Life Insurance Company and ML Life Insurance Company of New York, offers high-quality insurance products to serve as core complements within financial plans. Product offerings include annuities manufactured by Merrill Lynch Insurance Group, Inc., as well as life insurance and annuity products from highly regarded, non-affiliated insurance companies.

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