Phase I Philosophy
This is the default federal tax withholding rate for Lincoln.
What is 10%?
This status will show if any Acknowledgement Letter(s) generated with the "AMP Withdrawal" paperwork and needs to be completed and signed by the client.
What is "Awaiting Edward Jones Forms"?
Before the Transaction can change to the next status, the signed and completed paperwork must be scanned using the "Annuity Maintenance Authorization Coversheet" that populated for the transaction.
This is required if a full liquidation or partial withdraw has a surrender charge of $1000 or greater.
What is Annuity Liquidation Acknowledgement?
This means that a withdrawal can be taken without setting the benefit base on a Prudential Annuity.
What is a "Non-Lifetime Withdrawal"?
The transaction was accepted and processed by the insurance company.
What is "Success at Carrier"?
This is the article number to learn about cancelling an ACMS Transaction.
What is Salesforce Article: 000001915.
ACMS is available at these times during the day.
When is 7:00am - 6:55pm Eastern Time?
This can be written on the signature line of a Letter of Authorization to Withdraw Funds from an annuity that generates for a client's Trust Account when the trust and the owner's SSN match.
What is "Not Needed, Registrations Match"?
This is the amount of MassMutual Products eligible for transactions on ACMS.
What are 4 products?
A transaction is purged after it has been in this status 30 days.
What is Auto-Cancel?
This company, when the maximum dollar amount for ACMS is exceeded, requires paperwork with an original signature and original signature guarantee.
What is Corebridge?
This WEBID is used when an Unlicensed FA wants to request a liquidation of a linked annuity.
What is WEB148504?
Transamerica will only allow this option to be picked as a withdrawal type on partial and systematic withdrawals.
What is "gross" withdrawal?