Executing the Variable Annuity New Business Solution Scenario

The Variable Annuity New Business Solution Scenario can be executed in Business Space. You can view the end-to-end execution, view reports, and also view the transaction state using the different forms and reports in Business Space.
Note: Some of the fields, used in the forms, for this Solution Scenario are programmed using basic validations. You can verify the validation for the field by moving the mouse pointer over the field.

The fields in which data is required are labeled with a * and have a different color. The Submit button in the form is disabled until you provide a value in all such fields in a form.

You can start the Solution Scenario in Business Space to view the Getting Started Widget. The Getting Started Widget lists the assets and the steps for using the Solution Scenario.

Table 1. Widgets to Role mapping
Roles My Tasks Variable Annuity New Business Process Variable Annuity New Business Process Check Variable Annuity New Business Dashboard
Producer Yes Yes Yes No
Distributor Yes Yes Yes No
LOB User No No No Yes

Before you begin

Ensure that the following prerequisites are complete before you execute the Solution Scenario.
  • Add and configure users and groups.
  • Verify that the Variable Annuity New Business Solution Scenario artifacts are successfully installed in WebSphere® Process Server.
Note: If the Solution Scenario EAR files are deployed on different ports, it is recommended to use a monitoring utility, such as TCPMon, to act as a proxy to the actual endpoint.

About this task

The roles that are part of this Solution Scenario are as follows.
Table 2.
Groups / Roles User Name User ID Password
Producer Adam Smith Adam password
Distributor Peter Henderson Peter password
LOB User Jay Walk Jay password

Accessing the Variable Annuity New Business Space

When using Business Space to view the Variable Annuity New Business execution, you need to log in to the Business Space. This involves providing login details and viewing various pages that are part of the Variable Annuity New Business space.

Procedure

  1. Open the Business Space portal.
  2. Log on to Business Space with the user ID as Adam and Password as password.
    Note: The default password for the user when you configure the Solution Scenario using scripts is password. If you configure the Solution Scenario manually, you must use the password that you specified for the user registry in WebSphere Process Server. For more information, see the Configuring the user registry in WebSphere Process Server section in the Installation Guide.
  3. Open the Variable Annuity New Business space.
    Note: This Solution Scenario is configured to display the Variable Annuity New Business space by default.

Searching for a customer

The Producer logs on to Business Space to search for the customer who needs an Annuity product. The Producer searches for the name of the customer and views the customer profile.

Procedure

  1. Open the My Tasks page.
  2. In the Task Definitions List widget, select the Initiate Customer Search check box and click the Create an instance of this task definition icon Create an instance of this task definition icon. Enter any of the criteria displayed for the customer you want to search and click Submit.

Reviewing customer profile

After the Producer searches for a customer and retrieves related details, the customer profile needs to be created based on certain selections.

Procedure

  1. From the Customer Search Result form, select the name of the customer, and click Submit. The customer profile information is displayed.
  2. The customer profile is displayed with information related to the different criteria for selecting an Annuity product. The customer profile can be viewed on the following screens that are part of the form. Click Next on each screen to view the next screen.
    • Investment Objectives - This screen displays information such as reason for investment, additional benefits from investing, and time period for investment maturity.
    • Investment Experience - This screen displays information such as investment experience of the customer, estimated investment amount, frequency of investment, and so on.
    • Risk Tolerance - This screen displays information such as risk tolerance that the customer can sustain, investment objective, tax bracket the customer belongs to, and so on.
    • Financial Objectives - This screen displays information such as customer's annual income range, future financial stability of the customer, and so on.

Selecting the product

Based on the criteria selection performed during customer profile selection, the Producer can then decide the best Annuity product for the customer.

Procedure

  1. From the Customer Profile screen, click Submit. Based on the customer profile, a list of the Annuity products is displayed.
  2. From the Product Selection form, select the Open Insurance Variable Annuity check box and click Submit.
  3. Click My Tasks page, select the Illustration summary check box and click Submit. The Basic Illustration summary page is displayed.
  4. In the Basic Illustration summary page, click Accept, and click Submit to accept the summary.

Providing application details

The Producer updates the customer order entry application form based on the customer Annuity product selection.

Procedure

  1. In the Tasks List widget, select the Order Entry Application check box and click the Edit this form icon Edit this form icon. The Order Entry Application form is displayed in the Task Information widget.
  2. Enter the customer related information such as customer address, name of the annuitant, and so on in the form. Click Next on each screen of the form to proceed to the next screen.
  3. After providing information on all the pages of the application form, in the Task Information widget, click Submit.

eSigning consent

The Producer accepts the eSign document for the customer and generates a suitability review for the Distributor to approve.

Procedure

  1. In the My Tasks widget, select the eSign consent check box and click Edit this form icon Edit this form icon. The eSign Consent form is displayed in the Task Information widget.
  2. In the Task Information widget. select the Accept check box, and click Submit.

Approving suitability review

The Distributor logs on to Business Space and approves the suitability review submitted by the Producer.

Procedure

  1. Log on to Business Space with the user ID as Peter and Password as password.
  2. In My Tasks widget, select the Suitability Review check box. The Suitability review form is displayed.
  3. Select the Accept check box.
  4. Click Submit to approve the form.

Displaying the welcome package

After the Distributor approves the suitability review submitted by the Producer, the Producer presents the Welcome package to the insurer.

Procedure

  1. Log on to Business Space with the user ID as Adam and Password as password.
  2. In My Tasks widget, select the Welcome package check box and click Submit. The Welcome package is generated for the Producer to present to the customer

Variable Annuity New Business Dashboard

The Variable Annuity New Business Dashboard page contains widgets that provide an overview of the information for the Variable Annuity New Business Solution Scenario. You can use this information to analyze the Variable Annuity New Business status.

The Variable Annuity New Business Dashboard page can be accessed using the following steps:
  1. Log on to Business Space with the user ID as Jay and Password as password.
  2. In the Variable Annuity New Business space, click Variable Annuity New Business Dashboard page to view the different widgets.

Variable Annuity New Business Process

The Variable Annuity New Business process flow can be viewed as published using WebSphere Business Compass that displays the services used and the sequence in which they are executed. The artifacts used in the Solution Scenario can be viewed in the Variable Annuity New Business Process page.

Variable Annuity New Business Process Check

The Inflight Process is available on the Variable Annuity New Business Process Check page. The human tasks that show the order flow for this process are displayed in green.