July 24, 2007
Colorado Springs, CO
COLORADO SPRINGS, CO (July 24, 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 web-based 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, E-Applications, 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.”
About Insurance Technologies
Based in Colorado Springs, Colorado, Insurance Technologies LLC offers point-of-sale illustration software to the insurance and financial services industries. Insurance Technologies 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.
About Old Mutual US
Old Mutual US is a wealth management organization offering access to high-quality asset management and insurance strategies for institutional and individual investors through its three primary components: Old Mutual Asset Management (institutional), Old Mutual Capital (full-service retail platform), and Old Mutual Financial Network (life insurance and annuities operation). The Beacon Navigator variable annuity, form FGL FPDVA 2006, et al., is issued by OM Financial Life Insurance Company, Baltimore, MD, and distributed through Old Mutual Financial Network Securities, Member NASD. It is offered by a prospectus only. Before investing, carefully consider the investment objectives, risks, fees, and other important information about the contract issuer and underlying portfolios. This information can be found in the prospectus. Copies can be obtained from the issuer or distributor. Read the prospectus carefully and consider these factors before investing.