Products
These products typically have no Cash Value.
What are Term polices?
These are the payment options for Provident members.
What is check by mail or check by phone?
These are never guaranteed.
What are dividends?
This system shows the amounts needed for each premium billing mode on a fixed policy.
What is agc1?
These are withdrawals that must be taken out of an annuity near retirement age.
What are Required Minimum Distributions?
This product has fixed premiums, provides permanent protection, and earns value through subaccount performance.
What is Variable Life?
This is how you change the address for a fixed policy.
What is a Vision Request to BPO Non-Financial?
These are the possible prefixes for a UL/VUL policy.
What is 11 or 13?
This is the ProvNet system that we use to retrieve information about Annuities.
What is pla1?
This expression means earnings are withdrawn before the cost basis.
What is LIFO (Last In, First Out)?
This is the most common reason a member is noticing an increase in premium on their Intersector policy.
What is expiring Term coverage?
These are all the billing mode options for Recurring ACH on a Provident policy.
What is monthly billing?
Policy PM78912750 is this type of product. (No systems)
What is Variable Life?
This is the subscreen where you can confirm an address update for an UL/VUL policy.
What is pnq3 or nfq1?
This is an annuity that is funded by pre-tax money and earns value through a stated interest rate.
What is a Qualified Fixed Annuity?
This is the amount that a VL's cash value needs to surpass in order to be considered Self-Sustaining.
What is VNSP? (Vanishing Net Single Premium)
These products can not increase their specified amount.
What are fixed policies? (Term, WL, Inter, VL)
This is the age where RMDs typically must begin, as of 2023.
What is 73?
This is the system you use to quote a partial surrender for a Variable Life policy.
What is vln2?
This is the subscreen we use to security check Annuity contract owners.
What is pinq?
This benefit allows periodic purchase of additional coverage in 3-year intervals, depending on issue age.
What is GIO/GIB?
This is the system AND subscreen to change specifically the owner's address on a UL/ policy.
What is wsl & oadd?
This product has fixed premiums, provides permanent protection, and has the potential to use earned dividends to purchase one-year of renewable term coverage. (Be specific).
What is Intersector I or II?
This is how you access owner information when the owner and insured are different people.
What is F9 in kvw1? (PolTitl)
This is the tax penalty for not taking RMDs.
What is 50% of the amount not taken?