When purchasing an annuity through Expert App, users will now have the option to pay via electronic bank draft, via One Inc. This is a safe and secure way to process payments. Currently, payments are limited to $25,000. Effective March 1st, 2022 payments will be limited to an increased amount of $250,000.
When utilizing this feature, select the 'Electronic Bank Draft' option and input the premium in the text box.
If a client is paying for the annuity with multiple forms of payment, more than one option can be selected on this screen. The multiple payments must equal the total premium that was input at the top.
