Annuity Switchboard
Throughout the years the annuity industry has become significantly more complex at both the product and regulatory level.
While a source of reliable data is important to an annuity carrier’s product and sales development, its critical to your distribution partners day to day operations. Beacon Research is proud to offer Annuity Switchboard, a unique approach to managing the universe of products currently available, ensuring that your distribution partners have access to 100% carrier certified product and rate information to support their sales and compliance efforts.
This is accomplished through the implementation of proprietary process that requires participating annuity providers to log in to the ANNNUITYSWTICHBOARD interface and certify that their specific product and rate information is accurate. The result is database containing 100% carrier certified information that can be comfortably relied on to support your field supervision / compliance and sales efforts.
Distributor Benefits
Annuity Switchboard supports your annuity sales and distributn by helping to:
- Ensure that all broker dealer compliance / suitability decisions are beign made with the most accurate and current product and rate information available
- Comply with upcoming best interest requiretments
- Populate compliance and order entry documentation from one single data source
- Monitor quote and sales activity across all switchboard distributors / carriers
Carrier Benefits
In addition to supporting your distribution partners efforts, there ara numerous carrier benefits, including the ability to:
- Manage all custom / proprietary product offerings (i.e. suppress features / rates) for each Switchboard distributor
- Control the jurisdictions that each product is offered
- Easily update and verify product information
- Reduce NIGO's
Compliance Suitability Support
Annuity Switchboard also better position your distribution partner to respond to changes in the regulatory environment (i.e. NAIC, SEC, Reg 187, etc.) while maintaining the visibility of your company's products on their platform. In addition, Switchboard also supports the following field supervision tools:
- Sales Disclosure Report
- Exchange Disclosure Report
- Fee Comparison Report
- Multi-State Compliance Tool
For more information regarding Annuity Switchboard membership or to schedule an online tour contact us at: 1(800)720-3504 or [email protected]