Insurance Technologies Releases VisibleChoice, Multi-Carrier Annuity Sales Platform

Colorado Springs, Colo.-based Insurance Technologies, a provider of point-of-sale management software for the financial services and brokerage industries, has launched its multi-carrier annuity sales platform, VisibleChoice.

VisibleChoice enables financial advisors and registered representatives to see all relevant product features and reduce the time it takes to sell suitable annuities, according to the vendor. 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. The solution captures and tracks data throughout the sales process to generate a suitability review at the end of the pre-sales cycle. The system then generates a full suitability report, a key tool in generating productivity gains for broker-dealers and rapid compliance with components to FINRA Rule 2821.

"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, research director for TowerGroup's insurance practice.

Peggy Bresnick Kendler has been a writer for 30 years. She has worked as an editor, publicist and school district technology coordinator. During the past decade, Bresnick Kendler has worked for UBM TechWeb on special financialservices technology-centered ... View Full Bio