EFT Authorization Form Gets a Makeover

Coming February 17th, We are modernizing the EFT Authorization process to create one clear, aligned form across Life & Annuity. The updated version removes confusing fields, simplifies one-time payments, supports a wider range of Annuity frequencies, and reduces NIGOs.

What’s Coming: A fresh look at the EFT Authorization Form

Over the past year, we have been taking a hard look at the EFT Authorization process to make it clearer, more consistent, and easier for you and your clients. We have combined the 1707 and PAC forms into a single form across Life and Annuity.

What we Focused On

We built the new form with four key goals in mind:

• One form, one process for EFT authorization across Life & Annuity (goodbye, PAC form).
• Tighter compliance alignment with clearer, more straightforward instructions.
• Fewer NIGOs and better groundwork for future automation, so your workflow gets easier, not harder.
• Real-world input from agents and internal partners to make sure the form works for you, not against you.

What’s New and Improved

The new form will be available in Merril and Docusign February 17, 2026, here is a sneak peek at some of the changes designed to eliminate confusion and smooth out the process:

• No more “Effective Date” box. It caused more issues than it solved. We now rely on the draft date to keep things clean and consistent.
• “Initial Premium” is now “One–Time Payment.” Simple, accurate, and works for both the new and in-force business.
• Loan repayments have their own section. Less clutter, more clarity.

A redesigned layout that better supports the flexible payment frequencies coming in Annuity Products, thanks to great cross-team collaboration and a fresh look at how agents fill out the form.

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