illustrate inc is pleased to announce the general availability of its ULtimate Illustration System which includes full New Business illustration support for Universal Life products via the web. With this latest advancement, insurers now have the means to produce full new business illustrations via the Web. All expected functionality is available including special solves; customizable spreadsheets, quote save & retrieve, etc. Printing and viewing of reports is handled locally at the distributor’s by sending PDF™ files, a Web standard. A list of the features of Ultimate Illustration System can be viewed at the end of this article.

This breakthrough represents a win – win situation for the insurer and their distributors. Insurers no longer have to distribute costly CD’s nor provide technical support associated with installation and software conflicts on distributor’s PC’s. With a Web solution, insurers and distributors are assured of using the latest version of their illustration system. Distributors save space on their own hardware plus all the hassles associated with locally installed software.

Key to Excellent Service

Over the past 12 months, illustrate inc has continued to make technological advancements to keep its customers in step with and ahead of the technology curve. In addition to a number of technological efficiencies and enhancements, illustrate inc has also taken the opportunity to add a number of key features for projecting and re-projecting policy values, for running reports instantly, and for submitting fully compliant Universal Life policy illustrations electronically with the application.

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illustrate News and Announcements

illustrate inc Announces the Appointment of Brian Holness to Head the Business Development Team

Zahir Dhalla, President and CEO of illustrate inc, is pleased to announce that Brian Holness has joined the illustrate inc team as Vice President of Business Development. In this role, Brian will contribute in the development of new strategies and products to serve the insurance marketplace and will spearhead a number of product initiatives.

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Client Update

After a fast-paced month of September, Co-operators successfully completed all acceptance testing of upgrades to their illustration system Versatility (v1.7) and to Presenter v1.2. The upgrades were tested and signed off at the end of the month. The release includes new rates for Critical Assist and Mortgage Guard Critical Illness Rider along with a few improvements and system enhancements. Co-operators has set a target day of November 1st , 2004 to activate this new release for their field staff.

As October came to a close, CUMIS Life Insurance Company completed a new upgrade project to add support for a new Critical Illness product in its expanding product portfolio. The upgrade of the desktop illustration system was the first phase to be released earlier in the fall and was swiftly followed by the rollout of the web-based illustration system upgrade which included a number of enhancements to the presentation layer. CUMIS is now running the latest version of the illustrate inc ULtimate illustration system for the web.

Empire Life company recently celebrated the rollout of release 6.5 of Envision, the Empire illustration system. This updated version included enhanced support for existing life and health products including rate changes, new banding and new riders for existing products, as well as adding a new Term 20 product. Also included in the latest release were new profile questionnaires, enhanced email .pdf support, as well as enhancements to report functions.

illustrate News & Events

illustrate inc Hosts First Client Training Day

On September 30, 2004, illustrate inc hosted its first Client Training Day. Sixteen client representatives from seven major insurers as well as several of illustrate inc business partners and associates attended the day-long interactive training and education sessions held in Mississauga, Ontario.

Session Overview

The Client Day agenda was packed with sessions, most of which included hands-on or interactive exercises for the students. Zahir Dhalla welcomed all participants to the event and Lorne Brown set the stage with an overview of current illustrate inc components. He also took the class through a short tour of the current ULtimate illustration system. The class moved on to interactive sessions, beginning with Head Office tools and SuperFlex II, the latest release of the Data Editor tool.

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illustrate inc Announces Expansion of Web-based ULtimate Illustration Solution with Addition of Full New Business Universal Life Support

Session Overview