Close Close

Life Health > Annuities

Finetre: AnnuityNet Update Went Smoothly

Your article was successfully shared with the contacts you provided.

A company that runs a Web-based annuity sales system says it thinks its recent system update went well.

Finetre Corp., Herndon, Va., the unit of Ebix Inc., Atlanta, that runs the AnnuityNet annuity and life insurance distribution system, says it updated the system June 18th.

More on this topic

So far, wirehouses, insurers and other companies that use the system have not reported any major problems, Finetre says.

The system processes an average of 15,000 annuity transactions with a combined value of about $1.5 billion each month, Finetre says.