INSURANCE AND RETIREMENT SERVICES - IFT ACCESS

IFT Access allows Distributors to submit brokerage identification number (BIN) or representative of record (REP) changes. Click the image to launch this video tour. Watch from start to finish or use navigation tabs to select topic.

The In-Force Transaction (IFT) Access Broker Dealer of Record Change (BDofRC) option automates the process of sending financial institution change requests and receiving confirmations. If a policy owner has agreed to transfer their tax qualified annuity contract to you as their new broker and has requested you act on the owner’s behalf as their custodian, this action requires you, as the receiving broker, to submit a Qualified Custodial Broker Dealer of Record Change to update the carrier’s current record of the contract.

This video will walk you through the steps required to complete a custodial Broker Dealer of Record Change transaction.

The In-Force Transaction (IFT) Access Broker Dealer of Record Change (BDofRC) option automates the process of sending financial institution change requests and receiving confirmations. If a policy owner agrees to transfer their tax qualified annuity contract to you as their new broker, you would need to submit a Qualified Non-Custodial to Non-Custodial Broker Dealer of Record Change to update the carrier’s current record of the contract. This video will walk you through the steps required to complete a Qualified Non-Custodial to Non-Custodial Broker Dealer of Record Change transaction.