April 12, 2006
Colorado Springs, CO
COLORADO SPRINGS, CO (April 12, 2006) – Insurance Technologies LLC, the premier provider of point-of-sale management software for the financial services and brokerage industries, announces that Sun Life Financial, has selected ForeSight™ to illustrate its domestic annuity product line. Sun Life joins over a dozen other companies that will be modeling their full annuity portfolio using ForeSight and intends to take advantage of the deep experience and functionality developed by Insurance Technologies.
Illustrating the capabilities of Sun Life's annuity products, ForeSight will enable Sun Life's 180,000 U.S. distributors to effectively demonstrate the true value of the company's annuity products. In addition to the robust features and functionality that ForeSight provides, Insurance Technologies will be customizing ForeSight to include all of Sun Life's unique actuarial calculations, output designs, validation requirements and proprietary interface requirements.
"We wanted to empower our annuity product line with a powerful illustrator so our distributors can properly show our customers how their assets will accumulate and pay out during their retirement," said Tom Bullen, National Vice President of Sales for Sun Life, "Insurance Technologies' ForeSight gives us a flexible platform for our variable, fixed and indexed annuity product lines that can help every client regardless of asset allocation and investment options."
"We have had great opportunities over the past several years to help companies highlight their annuity line-up and their sales show it. We are looking forward to moving Sun Life's sales ahead as well," said Kaylene Barnes, Senior Vice President of Client Services, Insurance Technologies.
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 Sun Life Financial (www.sunlife.com)
Sun Life Financial is a leading international financial services organization providing a diverse range of wealth accumulation and protection products and services to individuals and corporate customers. Chartered in 1865, Sun Life Financial and its partners today have operations in key markets worldwide, including Canada, the United States, the United Kingdom, Hong Kong, the Philippines, Japan, Indonesia, India, China and Bermuda. As of December 31, 2005, the Sun Life Financial group of companies had total assets under management of US$332 billion.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under ticker symbol SLF.