They are entitled to the claim payout if all primary beneficiaries were to pass away prior to the owner's death.
What are the Continget Beneficiaries?
100
These are the frequencies for sysematic withdrawals.
What is Monthly, Quarterly, or Annual?
100
Location in GARWin where CSA can locate the FAFAR percentage requirement for a contract.
What is in the General Tab?
100
A person may be granted authority to act on behalf of the owner for their best interests. It can be called many other things as determined by legal circumstances.
What is Power of Attorney?
200
The FAFAR Percentage of the contract I171320-0x
What is 25%
200
Broker Dealers are able link Voya contracts to their accounts and receive a feed of values on a daily, weekly or monthly basis.
What is the Linking Numbers?
200
In order for a systematic withdrawal to process for an amount that may incur a charge, this must be selected on the RFS or allowed verbally by the customer when setting up a systematic withdrawal over the phone.
What is DSC Ackownledgement Box?
200
MAW withdrawal effect on the rider base during the Standard Withdrawal Phase for the LifePay Plus.
What Reduces the Base Dollar for Dollar?
200
An individual that works directly for an agent, often making calls on contracts and receiving information or resolving problems.
What is an Agent's Assistant?
300
For ESII contract, it is the 10% of premiums, not previous withdrawn, plus all earnings, less any withdrawals during that contract year
What is Free Amount?
300
Must be provided in case a SSN correction is needed and the individual owner is not a US citizen.
What is the W-8 BEN Form?
300
Used for withholding in a different state other than the one listed as the clients address of record.
What is Non-Resident State?
300
Items to be included in a remark for a MGIB quote.
What is Date used, base/annuitization amount, term(s), payment amount(s), confirmation number?
300
It is defined as the amount, given a certain annuitization option, that would be paid on a periodic (default is monthly) basis per $1,000 of annuitized value.
What is Annuitization Factor?
400
In GARWIN this is where we can view the contract specific minimum interest rate that we can use in getting the maturity rate for MVA? (please show the path)
What is Cash tab > Fixed Rates button > Top middle of the page?
400
- Non-Financial Service Request (NFS) or a Letter of Instruction (LOI)
*Signed and dated by the Owner
- Signature must be on file (If not, a signature guarantee or notary seal is required)
- Proof of name.
What is Owner/Annuitant Name Change Requirements?
400
For a 5% benefit, this is the quarterly withdrawal factor.
What is 1.195%?
400
Changes that cannot be made to an annuitized contract
What is change the annuitization option, change the amount, stop the payments, change the frequency, change the payment date?
400
The amount of an investment that has already been taxed.
What is Cost Basis?
500
the current cost basis for contract I131189-LM
What is $328,196.92?
500
A method of determining who becomes the beneficiary in the event that the listed beneficiary dies before the owner/annuitant.
What is Per Stirpes?
500
Withdrawals under 72(t)/(q) are distributed with this distribution code.
What is Distribution Code 2?
500
Impact of RMD on the MGIB base amount
What is The RMD withdrawal will reduce the benefit base and cap pro-rata?
500
A written legal agreement that establishes ownership of a property under a non-natural entity