rPay.net is a completely redesigned, web based repetitive payout annuity administration system using the latest Microsoft.NET technology. rPay.net supports immediate annuities, supplementary contracts, structured settlements and state lotteries for both fixed and variable products. The rPay.net architecture is absed on NAVA and ACORD standards and allows for quick product introductions.
rPay.net includes numerous advanced features, such as multiple payees per contract and multiple payment streams per payee. Our application contains a complete set of administrative, accounting, reporting, and actuarial functions. Including: 1) rPay.net will provide full administration for Immediate Annuities, Variable Immediate Annuities, Supplementary Contracts and Structured Settlements. All life and non-life contingency options are supported. 2) rPay.net utilizes company supplied formulas and calculations worksheets. This eliminates programming, reduces development time and allows new products to be introduced as quickly as possible. 3) rPay.net provides the ability to reduce Time to Market for new products. Products on the system are rule based which allows information from one product to be re-used by another. 4) rPay.net makes use of a Settlement Option table. This table allows each Settlement Option to be defined and selectively used by a particular product. 5) rPay.net has been designed to allow multiple owners on a contract. Each owner can define their own payout stream, payees and beneficiaries as well as their own tax information. 6) rPay.net offers a Quote capability to determine benefits under different Settlement Options with various scenarios. 7) rPay.net supports full Death Claim processing.