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 (http://www.insurancetechnologies.com)
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.
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