Travelers Life & Annuity Adds New Concepts to WebStory Advanced Marketing Presentation System.Business Editors HARTFORD, Conn.--(BUSINESS WIRE)--Jan. 5, 2004 Annuity Funded Life and Muni Max Products Available on Web-Based Presentation System Travelers Life & Annuity today announced the availability of its Annuity Funded Life and Muni Max products on pTeraDac(R) Corporation's WebStory(TM), a customized Web-based presentation system that links directly from Travelers WinFlex and Travelers Life Illustration Systems. WebStory Advanced Marketing Presentation System provides text, schematics and graphics to help the producer develop and present sales strategies in a format that facilitates the client's ease of understanding. Annuity Funded Life is tailored toward clients who have existing deferred annuities Deferred annuities Tax-advantaged life insurance products. Deferred annuities offer deferral of taxes with the option of withdrawing one's funds in the form of a life annuity. that will not be used for retirement. Muni Max is designed for clients with other assets other assets Assets of relatively small value. For financial reporting purposes, firms frequently combine small assets into a single category rather than listing each item separately. that have not met expectation in terms of performance or income. By combining life insurance and an annuity, this strategy provides the client with the potential to boost his income, while providing for his heirs. "Annuity Funded Life and Muni Max are only two of the many strategies, which are exclusive to Travelers Life & Annuity, that we plan to make available within the WebStory presentation system as part of our ongoing effort to help simplify the sales process A sales process is a systematic approach for performing product or service sales. The reasons for having a sales process include seller and buyer risk management, achieving standardized customer interaction in sales and scalable revenue generation. for our distributors," said Edward W. Cassidy, division president, life insurance products, Travelers Life & Annuity. "This value-added technology enhances our other sales support tools by bringing numbers to life graphically, making it easier for distributors to demonstrate how our concepts may work for their high-net-worth clients." Other Travelers Life & Annuity estate planning Estate Planning The overall planning of a person's wealth, including the preparation of a will and the planning of taxes after the individual's death. Notes: Contrary to popular belief, estate planning involves much more than preparing a will, and it is not only for the products available on WebStory include supplemental income, family income trust, lifetime exemption trust Exemption Trust A trust whose purpose is to drastically reduce or eliminate federal estate taxes for a married couple's estate. This type of estate plan sets up an irrevocable trust that will hold the assets of the first spouse to die. , credit shelter maximizer and family dynasty trust. The availability of additional sales concepts is planned, and a library of concept designs is accessible upon request. The WebStory Presentation Management System is developed by pTeraDac Corporation, a provider of advanced Internet Web systems, and is supported by Travelers Life & Annuity advanced sales attorneys and illustration design specialists. Travelers Life & Annuity is one of the nation's top providers of individual annuities and life insurance products that address the asset protection, retirement planning Retirement financial planning refers to a collection of systems, methods, and processes which, in their aggregate, support a family unit's (client's) desire to achieve a state of financial independence, such that the need to be gainfully employed is optional. and estate preservation needs of its clients. The company is also a significant provider of institutional annuities, including payout annuities and structured settlement annuities. Travelers Life & Annuity had more than $37.1 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. as of year-end 2002; employs nearly 1,600 individuals in its Hartford, Conn. headquarters and across the United States; and is part of Citigroup (NYSE NYSE See: New York Stock Exchange : C), the preeminent global financial services organization with some 220 million customer accounts in more than 100 countries. Travelers Life & Annuity is on the Internet at www.travelerslife.com. Insurance is issued by The Travelers Insurance Company of The Travelers Life and Annuity Company, One Cityplace, Hartford, CT 06103-3415. Travelers Distribution LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control is the principal underwriter for the variable insurance products. |
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