A software firm has introduced a program that can help brokers and insurers verify that the variable annuities sold by their producers are suitable for clients.
Lansare Corp, Milwaukee, Wisc., says its VA Compliance Platform is designed for customers who want to ensure that VA sales and exchanges meet Financial Industry Regulatory Authority suitability requirements.
The software gives surveillance analysts at broker-dealers, carriers and other VA distributors the ability to monitor an entire book of business for inappropriate sales activity, Lansare says.
The program also provides post-sale sales trend information.
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