Press Release

October 29, 2008
Colorado Springs, CO

Insurance Technologies Launches VisibleChoice™, a Multi-Carrier Annuity Sales Platform

Colorado Springs, CO, October 29, 2008 — Insurance Technologies, LLC, the premier provider of point-of-sale management software for the financial services and brokerage industries, announces the general availability of its multi-carrier annuity sales platform, VisibleChoice™ on October 29, 2008. Financial Advisors and Registered Representatives who today may use several software systems to close a sale can now use VisibleChoice™ to see all relevant product features and speed their time to sell suitable annuities.

VisibleChoice™, supports broker-dealers’ ability to compare the features of several annuity products at once, creates on-demand illustrations of selected products, and supports straight-through processing for improved compliance and suitability. VisibleChoice™ captures and tracks data throughout the sales process to generate a suitability review at the end of the pre-sales cycle. A full suitability report is then generated and made available for signature and attached to the application package. This suitability analysis report is a key tool in generating productivity gains for the broker-dealers and rapid compliance with components to FINRA Rule 2821.

“VisibleChoice™ will save us a huge amount of time-- time that we currently spend just learning the ins and outs of each complex annuity. With VisibleChoice™, all the data is at our fingertips allowing us the ability to make the right annuity sale fast and accurately, “said Mark DeGregorio of The PenFacs Group, a beta participant of VisibleChoice™.

The new sales platform enables financial advisors to select and compare multiple annuity products at once, so they can illustrate the annuity that is best-suited for their client’s needs. With one summary view within VisibleChoiceTM, broker-dealers can compare product features such as income benefits, share classes, and withdrawal benefits. This helps increase the productivity and efficiency of advisors who sell annuities as well as reduces some risks associated with selling annuities by increasing suitability monitoring.

“Increased transparency and visibility into products across multiple carriers is essential to both brokers and consumers. The ability to make informed choices and compare products fairly will help ensure that consumers are buying products suitable to their investment needs.” says Rachel Alt-Simmons of The TowerGroup. “Insurance Technologies' VisibleChoice™ solution provides all parties with the confidence they need to ensure an appropriate sale.”

“VisibleChoice™ helps broker-dealers generate more revenue through more efficient and suitable annuity sales. Advisors now have the information to sell all appropriate annuities to their clients,” says David Fenimore, EVP of Engineering & CIO for Insurance Technologies.

Supporting automated order entry integration and accelerated transactions in pre-sales, VisibleChoice™ integrates with leading order entry and electronic application technologies to enable electronic application submittal. And, with its easy-to-use interface and single data repository, VisibleChoice™ also supports 1035 Exchanges by helping broker-dealers to determine if the guidelines are met to leverage the 1035 Exchange provision.

About Insurance Technologies: (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, Annuities, Critical Illness, DI, and LTC – all on a single mobile platform. Our latest innovation VisibleChoice™ is a multi-carrier annuity sales platform designed to leverage multiple annuity products and features. Together, they improve point-of-sale effectiveness and help close more sales quickly.

For more information, and/or a copy of the complete release contact:
Steve Horneman VP of Marketing
1-719-442-6400
shorneman@insurancetechnologies.com