The MDI platform (FIMMAS) uses the same functionality to process annuity products that is used for other life and health products. Some of the data elements may be different, but they all use the same rate table structure, reserve factor tables, reporting capabilities, and processing logic. Learn more about our out-of-the-box capabilities that support these products.
Annuity products supported:
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Single Premium and Flexible Premium Deferred Annuity -
Single Premium Immediate Annuity Fixed Payout
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Private Placement Variable Annuity
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Out-of-the-Box Functions Available
for Annuity
SIngle Premium and Flexible Premium Deferred Annuity
Single Premium Immediate Annuity Fixed Payout
Private Placement Variable Annuity
Value Calculations
Agency Administration
Multiple Billing Types
Claims Handling
Enrollment/New Business
Marketing Campaigns
Policy Administration
Repetitive Payments Processing
Reporting & Correspondence
Underwriting
Client Management
Accounting
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Tel. +1 (205) 378-1380
Fax. +1 (205) 378-1381
mkt@mgtdata.com
Pelham, AL 35124
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