AnnuityNet -Order-entry platform for annuity transactions
Available from Ebix, Inc.
Introduced in 1998, AnnuityNet is EbixExchange's first-to-market, order-entry platform for annuity transactions. Carriers post their annuity products and associated product rules & forms on the platform where they are incorporated into a Web-based application process and a suitable questionnaire. Currently, AnnuityNet features over 1,600 annuity products from nearly 40 insurance carriers. AnnuityNet supports fixed & variable annuities, immediate, and equity-indexed annuities.
Solutions for Distributors
Solutions for Carriers
Foundry for Distributors
Foundry for Carriers
Sales representatives are led through a series of simple questions by the AnnuityNet wizard which automatically completes applications, calculates suitability scores and automatically routes transactions through compliance workflow queues. The result: annuity applications that are complete, virtually error-free, and consistently reviewed for compliance and disclosure issues.
Each month, AnnuityNet processes over 25,000 annuity transactions representing over $2 billion in premium. Nearly every insurance carrier that offers variable annuities along with about 30 distributors - many of whom are processing ALL of their annuity business on AnnuityNet. This number does not include the hundreds of correspondent brokers/dealers, who access the system through EbixExchange's six clearing firm clients.