Pacific Life Insurance Co.’s Retirement Solutions Division has selected Insurance Technologies LLC’s ForeSight to support its annuity sales and allow the provision of comprehensive annuity illustration capabilities to their distribution channels. Insurance Technologies is a provider of illustration and point-of-sale software for the financial services and brokerage industries.
Pacific Life conducted a thorough vendor software evaluation earlier this year, and selected ForeSight to support the 2010-2011 annuity product expansion strategy, says Insurance Technologies. ForeSight is described as the most widely used point-of-sale software in the insurance marketplace, offering an intuitive user interface, comprehensive sales strategies, and the ability to illustrate a wide array of product types and riders. Insurance Technologies says that ForeSight supports product cloning and inforce re-proposals, all on a superior technology platform, and Pacific Life will be releasing new fixed and SPIA products on the ForeSight platform.
“The selection of Insurance Technologies’ ForeSight product will enable us to execute our product-expansion strategy in the retirement income market,” says Christine Tucker, VP, marketing. “This state-of-the-art illustration platform will be fully integrated into our…website and create a quality user experience for the advisor community.”
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