Variable Annuity Roles

Variable Annuity roles designate the relationship an individual(s) or entity maintains on a variable 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.

Owner is a required role. 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. There only can be one joint annuitant.
Primary Beneficiary is required.
Contingent Beneficiary is not required.
Payee is a required role. 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.