Deferred Annuity Segment

Deferred Annuity is the base coverage for the Variable Annuity plan.  You can add a Deferred Annuity segment to a policy by selecting Add Segments from the Secondary menu.  

Note:  If you want to establish AutoPay, DCA, systematic withdrawals or rebalancing you must do this when you configure the Deferred Annuity option.

Note:  You can not select both DCA and Rebalance in the deferred annuity segment.  You must select one or the other.

Steps to Add a Deferred Annuity Segment

1. Open the policy you want to work with.

2. Click Segments from the left navigation menu.

3. Select Deferred Annuity from the Add Segment drop down box.

4. Enter an effective date.

5. Select the options and enter information for the highlighted fields shown in the image below if you want to use those activities on the policy.

7. Scroll to the bottom of the window and select Calculate.  You will see your segment added to the segment list at the top of the screen.

8. Select Allocations from the left navigation menu.  You must establish future allocations or the deferred annuity will not process.

9. Select the number of funds from the Future Allocation section.

10. Click the fund drop down boxes and select the type of fund for the allocations.

11. Click the Equal Percent box if you want to distribute the monies evenly between an even number of funds or enter the percents manually in the percent boxes.

12. Scroll to the bottom of the screen and select Allocation Save.

Deferred Annuity Segment Field Definitions

Segment Options

• Automatic Payment:  The following are required fields on the Deferred Annuity segment if the AutoPay Program is selected:

1. Start date

2. Frequency

3. Amount
    

• Dollar Cost Average:  The following are required fields on the Deferred Annuity segment if the DCA Program is selected:

1. Start date

2. Frequency:  There are four frequency modes a customer can pay the premiums to the company.

• Monthly

• Quarterly

• Semi-Annual

• Annual

3. Amount

4. Transfers remaining

5. Next transfer date

• Systematic Withdrawal:  The following fields are required on the Deferred Annuity segment if the SWP Program is selected:

1. Start date

2. Frequency:  There are four frequency modes for premium payments.

• Monthly

• Quarterly

• Semi-Annual

• Annual

3. Next date

4. Payment recipient

5. Amount

6. Payment type

• Rebalance:  The following fields are required on the Deferred Annuity segment if the Rebalance Program is selected:

1. Start date

2. Frequency

Once you have entered all the mandatory fields in the Deferred Annuity segment, click Calculate to process the segment.