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.
Out-of-the-Box Functions Available
SIngle Premium and Flexible Premium Deferred Annuity
Single Premium Immediate Annuity Fixed Payout
Private Placement Variable Annuity
Multiple Billing Types
Repetitive Payments Processing
Reporting & Correspondence