Insurance Technologies, LLC, a provider of point-of-sale management software for the financial services and brokerage industries, has announced the availability of its multicarrier annuity sales platform, VisibleChoice. Financial advisors and registered representatives who may use several software systems to close a sale can use VisibleChoice to see all relevant product features and speed their time to sell suitable annuities.

VisibleChoice supports broker-dealers' ability to compare the features of several annuity products at once, creates on-demand illustrations of selected products, and supports straight-through processing for improved compliance and suitability. It also captures and tracks data throughout the sales process to generate a suitability review at the end of the presales cycle. A full suitability report is then generated and made available for signature and attached to the application package. This suitability analysis report is a tool in generating productivity gains for the broker-dealers and compliance with components to FINRA Rule 2821.

"VisibleChoice will save us a huge amount of time--time we currently spend just learning the ins and outs of each complex annuity. With VisibleChoice, all the data is at our fingertips allowing us the ability to make the right annuity sale fast and accurately," says Mark DeGregorio of The PenFacs Group, a beta participant of VisibleChoice.