botminds.aiRequest a demo
WorkflowLife & Annuities

Annuity Suitability

Annuity Suitability Review

Every annuity sale checked against the best-interest rule before issue, with the reasons on file.

Book a demoMore in Life & Annuities
Film coming soonSee it working, liveWe’ll walk you through Annuity Suitability on your own documents.
Book a demo
WorkflowDocuments in; a checked, signed result out.
5specialist agents
5kinds of input
Soonfilm in production
The problem

Why it matters

Suitability reviewers read profiles, disclosures and the agent’s reasons by hand; incomplete files and weak rationales slip into issued business.

What it does

How the solution handles it

Five agents read the profile and application, check the best-interest obligations, compare product fees, surrender charges and liquidity to the consumer’s needs, flag missing information and draft the review note. The suitability reviewer approves or returns the case.

How it works

How a sale moves

Five specialist agents read the profile, check best-interest duties, test product fit, flag gaps and draft; a suitability reviewer approves.

What comes in
Case in4 kinds of record · application, profile, disclosures
Agents at work
Profile readerneeds, age, liquidity
Then
Best-interest checkerModel #275 duties
Product fit analyserfees, surrender, cash
Then
Missing-info flaggergaps to fix
Then
Review note writerapprove or return
A person decides
Suitability reviewerapproves or returns
What comes out
Reviewed case
Returned to agent
Reasons on file
In and out

What it reads, and what it hands back.

What goes in

  • Annuity application
  • Consumer profile form
  • Disclosure documents
  • Agent’s basis for recommendation
  • Existing product statements

What comes out

  • Best-interest review
  • Missing information list
  • Product fit analysis
  • Approve or return note

Who uses it

SRSuitability reviewersCOCompliance officersNBNew business teamsDMDistribution managers
What it changes

The difference, in numbers.

Every figure is labelled: a target the solution is built to, an estimate, a typical published result, or a proven one.

target
5min
from submitted case to a cited best-interest review
By hand30–45 min
With agents≈ 5 min
target
100%
of annuity cases reviewed before the contract is issued
reviewed before issue
typical
42states
had adopted the NAIC best-interest model by January 2024

Sources: NAIC Model Regulation #275 (2020) · NAIFA state chart, Jan 2024 · “Target” = design goal, measured in the live solution · “typical” = published figures · “estimated” = our estimate

Built on the engine

5 specialist agents. One person decides.

Profile readerconsumer profile and goals
Best-interest checkercare, disclosure, conflicts
Product fit analyserfees, surrender and liquidity
Missing-info flaggerincomplete profiles and forms
Review note writerapprove-or-return note, cited
Suitability reviewerapproves or returns the case
Life & Annuities

More in this division.

All 6 solutions →
Life Underwriting

Every application read against its evidence, so the underwriter starts from a cited case summary.

APS Summary

A 200-page APS becomes a short cited summary of every condition, value and date.

Death Claims

Every death claim checked and ready to pay well inside the 15-day clock, with interest worked out.

Build this
for your team.

We’ll show Annuity Suitability running on your own documents.

Book a demoBrowse solutions