TORONTO, August 6, 2012 – illustrate inc, a leading provider of life insurance illustration software and point-of-sale technology solutions for the North American financial services industry announces that ForestersTM, has selected their OPUS sales platform as their life insurance illustration choice for US distribution. This strategic choice will allow Foresters to provide a comprehensive suite of illustration capabilities across all their product lines, including: par and non-par whole life, term, universal life, and annuities.
“With the success we have achieved with illustrate’s mobile quoting platform, which we rolled out in 2011, the OPUS choice is a natural extension of our current capabilities,” said Stephen Maloney, Assistant Vice President of Marketing, US Branch with Foresters. “illustrate has shown us that they can deliver. We wanted a clean, simple to use, yet powerful solution for our producers. Our US distribution is critical to our overall success and the OPUS platform, which is designed to run as both a connected and disconnected solution, will integrate nicely with our strategic direction of automating and streamlining our business processes for our US producers.”
“We are excited to be working with Foresters to create a quality solution for their US producers,” stated Lorne Brown, President, illustrate inc “We recognize that our success as a company depends on our ability to deliver the solutions the market demands in a timely and cost effective manner. We were able to deliver with the Foresters Mobile Quote solution last year and obviously that played a major role in winning their trust and confidence to move ahead with the full OPUS platform. We appreciate the confidence they have shown in us, by becoming our first major US implementation.”
About illustrate inc
illustrate inc is a privately held company with significant expertise in illustration and point-of-sale systems used in the insurance and financial services sectors. illustrate inc has grown steadily over the past 20 years as a result of its hard focus on addressing industry need for efficiency, effectiveness and speed to market. With clients in Canada and abroad, illustrate inc continues to evolve to anticipate and meet the changing needs of the insurance and financial services industries. For more information, please visit www.illustrateinccom
Foresters™ is a life insurance provider with a difference. The fraternal benefit society, founded in 1874, supports family well-being through quality products, unique member benefits and inspiring community activities. Foresters shares its financial strength with almost 950,000 members in Canada, the United States and the United Kingdom. Foresters has assets of over $8.6 billion with liabilities of $7.1 billion resulting in a surplus of $1.4 billion (all figures in Canadian dollars as of December 31, 2011) and maintains an “A” (Excellent) rating by A.M. Best1. For more information visit www.foresters.com.
Foresters™ is the trade name and a trademark of The Independent Order of Foresters, a fraternal benefit society, 789 Don Mills Road, Toronto, Canada M3C 1T9; its subsidiaries are licensed to use this mark.
1An “A” (Excellent) rating is assigned to companies that have a strong ability to meet their ongoing obligations to policyholders and have, on balance, excellent balance sheet strength, operating performance and business profile when compared to the standards established by A.M. Best Company. A.M. Best assigns ratings from A++ to F, A++ and A+ being superior ratings and A and A- being excellent ratings. In assigning Foresters rating on July 6, 2012, A.M. Best stated that the rating outlook is “stable”, which means it is unlikely to change in the near future. See ambest.com for our latest rating.
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