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.

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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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Release Highlights

• Allows multiple solve types: CSV, Face Amount, Premium  Amount and Premium Pay Period.
• 'What if' scenarios: Provides ability to see effects of scheduled changes to planned premiums, additional deposits and withdrawals. Gives a visual representation of each of the scenario changes. Ideal feature for testing changes for pricing policy values.
• 'What if' function reporting: runs reports and can utilize chart function for each report.
• Full render of rider benefits.
• Saves and retrieves files to and from central server (Explorer 5 and up). To ensure security, files are password-protected and all information is encrypted.
• Summary Feature presents a comprehensive summary view of illustration once processed.
• Interactive web-based training built into the system.
• Able to generate XML.
• Multiple language support (English, French).
• Same look and feel as UL desktop version, eliminating need for additional training and reduces learning curve.

For a product demonstration, please visit:  http://www.illustrateinc.com/demos.html. If you wish to receive an evaluation copy, please e-mail us at: infoillustrateinc.com or call   416-626-6230.  

The release has been fully tested and is ready to support your products today. Should you require any assistance or further information about the product features, implementation or any other illustrate inc solution; please do not hesitate to contact us.