Retirement Services Key Terms

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Across
  1. 5. contract between Voya and broker dealer- need separate agreement for the different lines of business
  2. 8. type of commission that is generally begins after the first year, is based on a basis point option, and generates on the last business day of the month
  3. 10. ReliaStar- statutory company that houses Fixed and Variable Annuities
Down
  1. 1. Voya Retirement Insurance and Annuity Company- statutory company within Voya that houses Retirement Products
  2. 2. a chain of agents, each reporting a level higher- affects commissions
  3. 3. Producer Data Entry System, holds agent information for all lines of business (Life, Annuity, and Retirement)
  4. 4. Plans are regulated by the local Voya Field Offices, also known as Health, Education and Government
  5. 6. extension of the broker dealer selling agreement on the agent level - allows an agent to sell, solicit and service business in the “tax exempt/HEG markets”
  6. 7. A group of agents registered with Voya Financial Advisors (formerly ING Financial Advisers) that do not require LSA, have FINRA Supervisors (RVP of Field Office), and may be eligible for benefits
  7. 9. can gain report for agent or billing group