Toronto ON 24 March 2006 – illustrate inc is pleased to announce the release of investment illustrator�a flexible, rules-driven tax compliant illustration product for the wealth marketplace. Investment illustrator is in production at two companies.
Built using .NET® technology and developed with illustrate inc�s robust, modular design philosophy, investment illustrator is highly customizable and easily integrates with illustrate inc�s other products.
investment illustrator dynamically generates charts, and produces reports based on client inputs and a complex set of Company and statutory rules relating to age, province of residence, and any previous products selected. The application addresses both sides of the wealth equation � accumulation projection and payout projection�and accommodates inputs such as ad hoc lump sum deposits or payouts, level or indexed deposits & payouts, and separate rates of return during accumulation or payout. investment illustrator can be easily branded through logos, labels, folder names, and reports.
With its flexible solve capability, investment illustrator can answer common questions such as:
What will my savings be worth?
What must I save to reach my accumulation goal or income goal?
How long will I have to save at my current level to reach my accumulation goal or income goal?
What minimum or maximum income will my LIRA or RRSP provide?
How long can I draw a specified income from my RRSP, LIRA or non-registered savings?
What income can I draw from my non-registered savings while leaving a specified estate value?
Click here to see a short demonstration of the investment illustrator system (1 minute running time). Note to view the demonstration any browser pop-up blocker software must be turned off.
�investment illustrator is a wonderful example of how powerful yet customizable illustrate inc’s engine, smart file and editor structure is to apply to new applications.� commented Zahir Dhalla, President of illustrate inc. �As the pace of change in the life insurance industry continues to accelerate, flexibility has become a key requirement to stay competitive. investment illustrator�s flexible, rules-based design philosophy allows insurers to introduce product changes to their field force more quickly, allowing insurers to sharpen their competitive edge.�
Watch for our spring issue of Insight which will include our latest product for the Wealth market, Single Premium Immediate Annuity.
About illustrate inc
Founded in 1989, illustrate inc is a leading software and service provider for the Canadian life insurance industry. illustrate inc�s mission is to assist life insurance companies meet their sales and service needs through the design and delivery of modular policy illustration solutions using advanced technology. The modular design of its Ultimate Engines for new business and inforce illustrations coupled with powerful development tools allow for the efficient delivery of easily customizable solutions.
illustrate inc is a privately held company headquartered in Toronto, Canada. The illustrate inc team includes actuarial staff, systems design and architecture specialists as well as experts in insurance administration system functionality, insurance product design and taxation and compliance issues. The company specializes in solving complex sales distribution and policy illustration issues. Working in partnership with leading insurers, illustrate inc has established a reputation for delivering innovative policy illustration solutions on time and within budget. For more information, visit the company�s web site at www.illustrateinc.com.