NU Online News Service, July 12, 3:25 p.m. – AnnuityNet Inc., Leesburg, Va., says new, Web-based annuity sales systems have shortened the average processing time for variable annuity orders to less than a week, from an average time of 14 to 60 days when paper systems ruled.

AnnuityNet, which sells annuity sales systems and services, says the systems also improve the accuracy of order submissions.