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AnnuityNet Version Includes New Subpay Features

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Finetre says its new Web-based annuity sales system comes with tools for handling annuity payments that come in “subsequent to” the initial payments.

Finetre, Herndon, Va., a division of Ebix Inc., Atlanta, put out the latest release of its AnnuityNet system in August.

The new release includes a software wizard that can guide the user through the process of shifting assets from one annuity to another through a replacement, Finetre says.

The new system also includes wizard business rules that describe subpay transaction availability, fund availability, and premium allocation availability by contract and issue by state for all 50 US states, Finetre says.