Annuity Suitability Review demo
Every annuity sale read before it is issued: the buyer's profile, the product, the disclosures and the producer's reason, checked against the best-interest rule. 1:15
What the demo shows
A compliance solution for annuity carriers that checks each sale against best-interest rules.
Six agents read every sale on arrival, lay the buyer's profile beside the product and run twelve best-interest checks, each with its rule and evidence. A liquidity runway draws the buyer's cash needs against the surrender schedule, so money locked away too long is seen before issue. A failed check holds issue; the reviewer passes, returns or escalates, and the written record is filed with the contract.
Transcript
- Annuity Suitability Review checks every annuity sale against the best-interest rule before issue.
- Today, most sales get a quick look and the risky ones surface in complaints.
- 68 sales this morning.
- Agents read every one.
- 17 need a reviewer.
- Dorothy Kessler is 78, sold a 10-year surrender schedule.
- Her producer's own notes say she moves to a care community in 2020.
- $48,000 she needs then is locked behind a 9% charge.
- Issue held. Anita tries a smaller premium.
- At $118,000, both failed checks pass.
- She returns it to the producer with the rule, the evidence, and the record.
- Every annuity sale reviewed before issue, it's reason on file.
- Built on Botminds.
- Agents, data, screens, and governance on one platform.
Transcribed from the film’s narration. Captions are on the player.