NU Online News Service, Feb. 27, 12:39 p.m. – GE Financial, Richmond, Va., has agreed to use AnnuityNet Inc., Leesburg, Va., as a “preferred annuity technology provider” for its annuity distribution system.
GE Financial is a unit of General Electric Capital Corp., Stamford, Conn. GE Equity, another GE Capital unit, is one of AnnuityNet’s owners.
AnnuityNet, founded in 1997, processed $2 billion in annuity transactions in 2001, according to AnnuityNet figures.