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.