Press Release
May 24, 2010
Colorado Springs, CO
Purshe Kaplan Sterling Investments selects Insurance Technologies’ VisibleChoice™ as its annuity sales platform to help Investment Executives accelerate their annuity sales while staying compliant
COLORADO SPRINGS, Colorado, May 24, 2010 — Insurance Technologies
LLC, the premier provider and industry innovator in the creation of
product comparison, compliance, suitability and point-of-sale software
for the insurance, financial services and brokerage industries, today
announced the successful implementation of the VisibleChoice™ annuity
sales platform for Purshe Kaplan Sterling Investments (PKS Investments).
After performing due diligence on a number of vendors to be able to
provide a side-by-side comparison for Variable Annuity exchanges, PKS
Investments chose Insurance Technologies’ VisibleChoice™ as it’s annuity
sales solution provider. The deciding factors in their decision to
select VisibleChoice™ were; its built-in compliance and suitability
features, its ability to deliver quick, comprehensive Annuity product
information including all carrier product details such as costs, riders,
benefits, etc. Affordability was also a compelling factor in their
decision.
The VisibleChoice™ sales & compliance platform enables Investment
Executives to select and compare multiple annuity products at once,
create compliant illustrations and recommend the annuity that is
best-suited for their client’s needs. With one summary view within
VisibleChoice™, Investment Executives can compare product features such
as income benefits, share classes, withdrawal benefits and illustrative
results.
“VisibleChoice™ is very comprehensive and user friendly. Currently, all
our reps that sell Variable Annuities are required to use VisibleChoice™.
The annuity reports that VisibleChoice™ provides is proving very helpful
in our supervisory review of the sales and exchanges of Variable
Annuities” said Katherine Flouton, COO, Purshe Kaplan Sterling
Investments. “Working with Insurance Technologies has been a very
positive experience. They are very responsive and easy to work with.”
“We are very pleased with the success of the Purshe Kaplan Sterling Investments’ production roll-out of our VisibleChoice™ platform to their Investment Executives. Purshe Kaplan Sterling Investments dedication in making VisibleChoice™ an integral step in their rep’s selling routine really emphasizes the benefits of this solution,” said Steven Acosta, Vice President Sales for Insurance Technologies, “By launching VisibleChoice™, we feel that it will help Distribution firms meet the suitability requirements that FINRA has imposed. Without adding unnecessary steps or laborious processes, VisibleChoice™ allows a firm to provide tools that allow the Investment Executives to quickly run annuity product comparisons, identify why a particular annuity sale or exchange is suitable for their client, produce compliance & suitability documents and submit the business - all within one easy to use platform.”
About Purshe Kaplan Sterling Investments (www.pksinvest.com)
With offices in over 100 cities throughout the country, Purshe Kaplan
Sterling Investments is an Albany, New York-based firm, which truly has
a local presence and a national reach. PKS is a FINRA registered
broker/dealer with access to every major Investment Company and hundreds
of Variable Annuity products and access to some of the top professional
money managers in the country.
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, 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, please contact:
Keri Atkins
Inside Sales Manager & Operations
1-719-442-6400
katkins@insurancetechnologies.com