All is Fair in Loan and Surrender
This transaction allows a policyowner to borrow against the value of their policy.
What is a loan?
This system provides real-time validation of banking information during transactions.
What is Bank Account Validation (BAV)?
The system that allows you to pay premiums or loans on ISA
What is ISA ACHG?
This payment method pays premiums via automatic surrender of additions annually off ISA.
What is APM?
This action cancels a policy and pays out its value out.
What is a surrender?
This system is used to request and process loan transactions
What is NM Connect (NMC)?
This system is used to pay an MCB
What is ISA Salp?
This nonpayment provision is a surrender of additions
What is ADDS?
This action takes from a policy's value but keeps the policy in force.
What is surrender of additions?
This is where you log the information for your calls.
What is AE
What is Call Log
This dividend option uses eligible dividend, followed by eligible surrender of additions to pay the premium without a loss of term insurance.
What is QQP?
This transaction allows funds from one policy to move into another without immediate taxation.
What is a 1035 exchange?
This system is used for manual authentication of the field using their field id and social
What is CDMSCIFI?
The system where you can see who made an update in CDAS
What is CSS UTIL?
This nonpayment provision will utilize the remaining cash value in a policy to pay the premium forward based on a term premium until no cash value is left
What is extended term?
This is needed to be input into INS LNSR when money is placed in SAMS during a transaction.
What is pattern text?
This is where you log in to take calls
What is five9?
This prodterm system provides information related to Modified Endowment Testing and Necessary Premium Testing
What is INS HINH?
This is the internal verbiage used for any dividend that is premium reduction first with excess elsewhere
What is net?
what is netx?