EquiSoft announced yesterday that it will provide a new version of its illustration and sales software to Sun Life Financial.

The Sun Life Illustrations software is based on EquiSoft's InsuranceElements, which provides sales illustrations, quoting, and electronic applications to the insurer's advisors.

Equisoft’s new version of the Sun Life platform will be released this month. It will allow advisors to quote and illustrate more advanced products such as variable Universal Life, and it will also offer built-in sales strategies to show how insurance can be used to address a specific situation and compare it to an alternative investment.

"In 2015, Sun Life had launched its Term and Guaranteed Income Fund products on the InsuranceElements platform," says Luis Romero, Founder and CEO of EquiSoft. "Our experts have worked closely with Sun Life this year to adapt the configuration which is now 100% compliant with Canada's new tax regulations.",

"The updates being introduced in December are a result of three years of close collaboration between the Sun Life team and the EquiSoft team," adds Annalee Moore, AVP of Business Management Distribution Services, Sun Life Financial Canada.