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The IFT Access learning videos demonstrate a Broker Dealer of Record Change for Qualified Custodial changes and Qualified Non-Custodial to Non-Custodial changes. Additional broker dealer transfers supporting the Qualified Custodial to Non-Custodial and the Non-Qualified transfer have similar data entry screens to what is demonstrated and are also available within the IFT Access platform.

To watch the videos properly in full-screen mode, click the circular play button on the image, then the circular white button in the video. Do NOT click the Full Screen button below the videos.

The In-Force Transaction (IFT) Access Broker Dealer of Record Change (BDR) 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 (BDR) 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.

 

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