Teachers Life selects OPUS from illustrate inc for life insurance illustrations

illustrate inc to provide Online Needs Analysis and Insurance Quoting solution to employees of the Ontario education system(TORONTO, Canada – June 16, 2010) illustrate inc, today announced the signing of its newest client: Teachers Life Insurance Company. Teachers Life, a fraternal, not-for-profit organization that provides life insurance and critical illness policies to members of the education community in Ontario, will retain illustrate inc to provide an online Needs Analysis, Insurance Quoting and Electronic Application solution. The system will be developed using illustrate inc’s newly launched OPUS platform.

“We have long been in need of a simple, easy-to-use online solution for our members,” explains Doug Baker, President and CEO of Teachers Life. “We were looking for a solution that would enable our members to determine independently the type and amount of insurance they need, and then easily obtain the right coverage for them and their families. We wanted to work with a company which is well established in this industry, and has a reputation for delivering powerful solutions quickly and cost effectively.”

OPUS is an integrated, modular point-of-service platform that consolidates the stages of the sales cycle from end to end. Members of the education community will be able to access OPUS directly from the web, where each step in the process will be captured from beginning to end. Customers will be able to not only analyze their life insurance needs and obtain electronic insurance quotes online, but they will also be able to fill out an intuitive and user-friendly insurance application form. Using the simple wizard-based tool they will be guided easily through the entire application process, including the underwriting requirements.

“We are very excited about the opportunity to partner with Teachers Life,” says Zahir Dhalla, founder and President of illustrate inc “OPUS, our One-Point-Unified-System, is an ideal fit for Teachers’ requirements. We look forward to providing our online solution in a format that is easy for members to use and which will facilitate the sale of Teachers Life’s multiple product offerings.”

OPUS for Teachers Life will launch this summer, and will provide the education community of Ontario with dedicated web access to a variety of life insurance products, including term life and critical illness. One-time-one-place, single point of data capture and access will ensure fast and accurate processing of members’ insurance applications. This will enable Teachers Life to rapidly deliver their members’ insurance policies.

illustrate inc is a privately held company with significant expertise in illustration and point-of- service 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.

Teachers Life is the largest educator-owned, not-for-profit fraternal insurer in North America. For over 70 years Teachers Life has been providing insurance solutions for the education community and as a fraternal giving back to members and the community through various member rebate programs, support of educational events and championing both local and global causes.

Media Contact: Lorne Brown
illustrate inc
[email protected]
(416) 626-6230