Introduction: This guide describes how to use SubPay with AnnuityNet.
Audience: Field users, Back-Office users.
Standard AnnuityNet payment is used for new transactions. SubPay is used to add additional contributions and expenditures to existing contracts.
A. The standard way using the Starting Point.
Note. Starting Point must be appropriately configured. It must contain the vendors allowed for the SubPay, and the required proprietary forms.
Click Starting Point.
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Overview
The normal AnnuityNet wizard walks you through creating annuity accounts. In many cases, the purchase of an annuity is followed by subsequent payments of premiums, known as sub-pays. The AnnuityNet Subpay wizard allows you to process sub-pay transactions for existing annuities. The sub-pay business rules support sub-pay transaction availability, fund availability, and premium allocation availability by contract and issue by state.
Prerequisites
Configured Starting Point
A list of eligible vendors
A list of client’s required proprietary forms
Properly configured Request groups (to launch this process from the Quick Start)
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Click New > Starting Point -AnnuityNet.
On the next screen, click the SubPay-AnnuityNet tile. |
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Select Existing Client (Figure 3). |
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choose an existing Client Subfolder from the list, or click on the New Client Subfolder button (Figure 4).
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Select a Vendor. |
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Select:
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Click Next.
Review the Summary and click Create Work Item. |
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Fill out all the necessary fields on the Form, then click the Save icon again. Fill out the fields of the Form. |
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Repeat for each form in the Work Item. Fill out the form and click the Launch AnnuityNet SubPay button.
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The system opens the AnnuityNet SubPay wizard. Fill out the required fields. Click the Arrow icon to navigate to the next screen.
The wizard validates the fields |
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The next steps of the workflow are the same as for the standard AnnuityNet payment:
Send the Work Item for eSign
Back-Office approves the Work Item
Send back a notification to AnnuityNet to approve.
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. Click the Confirm Contract Feature Selections and Submit Transaction button to submit this transaction.
The system displays a confirmation message.
The Work Item contains all the carrier forms.
Click Actions, then esign or Wet Sign to initiate the signing process.
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Audience: Field users, Back-Office users.
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Functionality: This guide describes how to use SubPay with AnnuityNet. |
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