As revealed at our Annual meeting in September, 2008; Novinsoft has
established the Novinsoft EU office in Romania to substantially
increase our development resources.
We’re happy to report that we are now well past the heavy-duty training
phase with our new people and they have been actively involved in
illustration system development over the last few months. This new
initiative is proving to work even better than we had anticipated.
Client Illustration Systems released over the last quarter of 2008 include:
The new Transamerica Five for Life Guaranteed Lifetime Withdrawal
Benefit product. Five for Life offers:
• Guaranteed annual income for life starting the year you turn 65*
• The potential to increase retirement income through bonuses
• The option of an increased withdrawal rate if income is deferred to later
years
• The potential to lock in market gains through automatic resets
• A select choice of investment options managed by some of Canada’s leading
money managers
• Estate planning benefits & potential creditor protection offered by
segregated funds
AIG Wave 18 including:
- A new and improved Life Provider UL product with a number of new features
and tools
- New Preferred Term rates
- More flexibility with Living Benefit Riders
AXA Illustration System 5.1 including:
- New, lower Term rates
- New Term 10 Extreme Disability Benefit
- Electronic Application improvements
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October/November/December 2008