Oracle® Insurance Policy Administration 9.1.0.0.0 E15811-01

# Annuity Roles

Annuity roles designate the relationship an individual(s) or entity maintains on an annuity policy.

Note: The individual(s) or entity must be set-up as a client in the system in order to be assigned a role on a policy.

Product Template Annuity Roles

- Owner is a required role and there can only be one owner.

- Annuitant is a required role. There can only be one annuitant with an age limit of 90 years old.

- Joint Annuitant is not required and there only can be one joint annuitant.

- Primary Beneficiary is required.

- Contingent Beneficiary is not required.

- Payee is a required role and the individual must be at least 17 years of age.

- Financial Advisor is a required role. There can only be one financial advisor.

- Transfer Company is not required.

- Payer is a required role. There can only be one payer.