Trading Procedures - Fixed Annuity

Instructions: The following procedures apply to new accounts and trades for fixed annuities and insurance products offered through Spire Insurance Agency. You must open a Spire direct account for all annuity business.

1. Opening New Accounts
• Complete, and have client sign, the appropriate Spire Paperwork (Spire Customer Profile, Annuity Disclosure & Account Application)
2. Trade Processing for New Accounts
• Complete and have the customer sign the annuity carrier’s application
• Checks are made Payable to the annuity carrier, NOT Spire Insurance
• Complete the Spire Direct Trade Ticket process in Spire Access.
• Scan all paperwork into the _items for Review folder along with the check
• When approved the documents will be sent to your approved folder and you can forward the original carrier application and check to the annuity company.
3. Trade Processing for Existing Accounts
• For additional trades that you process, collect the purchase stub and check from the client. Check must be made payable to the annuity carrier and not Spire.
• Complete a direct trade ticket in Spire Access making sure to complete all required fields.
• Scan all paperwork into the _items for Review folder. 
• Ensure a Spire Access Check Blotter entry is created for any checks received. 
• When the direct trade ticket is approved can forward the stub and check to the annuity company for processing