LBR
GARWin
TAX
CLAIMS PROCESS GUIDE
KAHIT ANO
100
This contract option for MGAB offers a one-time adjustment after the 1st 10 years.
What is 1x?
100
The customer can use this to pull up his account when he has no contract #.
What is the Social Security Number?
100
For Traditional / Roth IRA With Catch Up Contribution Age 50 +, this is the catch-up contribution amount for 2015.
What is $6,500?
100
This is required if the owner died before January 1, 2013; the beneficiary is not a spouse of the deceased and the decedent resided in Indiana.
What is IH14 Form?
100
These are credits and premiums for the 1st years.
What are eligible premiums?
200
This is the timeframe for submission of paperwork for annuitization if the client has received the 60 day notification letter.
What should happen 10 days prior to the anniversary date?
200
This is an indication in the transaction history tab that shows reinstated transactions.
What does Greyed-Out Transaction indicate?
200
This is the distribution code for an owner below 59 ½ with a Roth IRA.
What is J?
200
This is required if the beneficiary is an estate that is not being probated.
What is Small Estate Affidavit?
200
This indicates that the agent is a top producer.
What is green?
300
Lifepay Plus not allowed to take this even if otherwise eligible by state and line of business.
What is TSA Loan?
300
It is the # of days encoded in GARWin for special mailing when setting up ACH.
What is 20 days?
300
This is created to show the Accumulation Value plus any APV as of December 31st on all IRA accounts.
What is 5498?
300
The maximum number of beneficiaries that can be listed on the Cover letter salutation. If this number is exceeded, then a separate letter needs to be drafted.
What is 3?
300
It is more than one purchase and sale of the same fund within a 60 day calendar period.
What is a Round Trip?
400
This is the larger of: The MGIB Roll-up Base; and The MGIB Quarterly Ratchet Base (except pre-2003)
What is MGIB Benefit Base?
400
This shows any changes made to information in the owners and annuitants tab.
What is Historical Radio Button?
400
It is also referred to as Principle, relevant to Non-Qualified Accounts only.
What is Cost Basis?
400
Claims Queue representatives for Variable accounts.
Who are Kristy Hulbert and Erin Reed?
400
This is when the beneficiary waives all rights to the claim proceeds.
What is Disclaiming the Benefit?
500
This is used to lock in on the maximum annual withdrawal amount.
What is Age Banding?
500
These are the list of transactions in the Transaction History tab which refer to premiums.
What are Initial Allocation, Pre-Authorized Check and Additional Payment?
500
For partial 1035 exchanges, this is how Cost Basis is withdrawn.
What is Pro-rata?
500
This includes checks that were requested and either have not been cashed or were returned, as well as claims that are outstanding in which we have not been contacted by the beneficiary. This also refers to funds remain issued or available for a claim, but we are unable to locate the recipient.
What is Unclaimed Property?
500
This happens when an MVA reaches it's maturity date.
What is automatically renewed?
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