What is a Product Type?
Product Type refers to the category or type of product. Product Types share common features or characteristics.
Some common examples of Product Types include:
Fixed Index Annuity
SEP IRA
Term Life
Add Product Types
From the left-side main menu, click the Settings tab > Advanced Setup
Select the Product section > click Product Types
From the Product Types page > click
Complete the New Product Type form
Name
Description
Production Calculation
Total Transactions
Count Products
Production Calculation Description
Referred To As
policy
account
Default Statement Frequency
None
Monthly
Quarterly
Biannually
Annually
Click Save.
*Plan Types. Plan Types must be configured in advance to associate or select the applicable plan type options for a given Product Offering Type.