July 30, 2003
Colorado Springs, CO
COLORADO SPRINGS, CO (July 30, 2003) - Insurance Technologies (IT), the premier provider of illustration and sales software for insurance and investment product providers, today announced MetLife (Metropolitan Life Insurance Company) has released a suite of long-term care (LTC) products, in addition to its fixed and immediate annuities and life products.
The addition of LTC products into its existing ForeSight™ web implementation grew out of a desire to deliver rich selling tools for LTC products to both their existing distribution relationships, as well as developing LTC distribution relationships. This robust implementation allows both single and joint LTC products to be illustrated with many riders and features. Once the user has modeled the product to meet the prospects need and they are ready to complete the application, the ForeSight system transfers the illustration data to the application module, where the application can be completed and submitted to the home office. Taking roughly six weeks to implement, this simple end-to-end process allows representatives to focus on demonstrating the benefits of LTC in innovative and practical ways. This has increased sales and captured market share throughout the LTC marketplace.
MetLife selected Insurance Technologies' sales software, ForeSight, to provide rich selling functionality and product modeling on the web, by using the most current technology and an innovative flexible design to support its variety of insurance products. Key features in the MetLife system are ForeSight's proven web capabilities and its ability to handle the complexity of different distribution channels.
MetLife, Inc., through its subsidiaries and affiliates, is a leading provider of insurance and other financial services to individual and institutional customers, with international insurance operations in 13 countries. The MetLife companies serve approximately 10 million individual households in the U.S. and companies and institutions with 33 million employees and members.
About Insurance Technologies (http://www.insurancetechnologies.com)
Based in Colorado Springs, Colorado, Insurance Technologies is the pioneer of enterprise wide insurance point-of-sale management and offers a feature rich software solution to the financial services and brokerage industry supporting life, annuity, mutual fund, long term care, disability insurance and accidental death and dismemberment products.
The ForeSight family of products is Insurance Technologies' multi-channel desktop and web solution integrating steps in the sales process including sales channel branding and content administration, needs analysis, asset allocation, quotes, hypotheticals, illustrative cash flows, suitability analysis, jurisdictional compliance, application generation and electronic fulfillment.