NU Online News Service, Oct. 23, 1:45 p.m. – AnnuityNet, Inc., Herndon, Va., says its online technology has been used to process more than 100,000 annuity transactions so far this year.
The number, which it passed on Oct. 16, represents a new record for annual automated annuity transactions over the Internet, AnnuityNet says.
“This 100,000 transaction figure proves decisively that the electronic processing of annuity transactions is no longer a boutique business,” says AnnuityNet chief executive officer Shane Chalke.