Buffer/RILA
A 5-year contract with open-architecture and a 10% buffer
What is Pacific Choice 2 Investment Guard?
The main tee-up slide for F&G and SILAC in a pre/scope
What is the power of the floor?
A life insurance policy that pays a tax-free DB if the insured kicks the bucket during a pre-specified time period
What is a term policy?
A simple interest 6% increase on the Income Base Amount that occurs when the account value plus market performance does not outpace the 6% increase on the previous income base.
What is a roll-up?
The feature on a variable annuity product that guarantees you can get back your original premium when you pass away if the market is down (minus distributions).
What is ROP?
This product offers QQQ with no fee, 10% buffer, the potential for a participation rate, and tax-deferral.
What is Pacific Protective Growth?
The investment that allows you to participate in the S&P 500, with no fee or spread, and has interest bonus recovery in most states
What is SILAC Denali?
A life insurance policy that has cash value and market protection
What is an IUL?
The acronym for the 4 main streams of fixed income someone might have
What is S.P.A.R.?
The rider that gives you a 40% boost on your earnings on top of the Death Benefit
What is Pacific Life's Earnings Enhanced Death Benefit?
This is the surrender period for RILA
What is a 6-year contract?
This value grows at 200-300% of the index strategy, can be used as the Income Base or Death Benefit, and is available on all Vega products
What is the benefit value?
A type of contract that gives you all the life insurance premiums back at the end of the term.
What is a ROP Life Insurance Contract?
What is the Earnings Sensitive Adjustment?
This is a variable annuity product that we can use to maximize legacy, income, plan for RMDs, and grow account value aggressively in the markets.
What is Jackson Flex DB?
The carriers for all the buffer products used by FFA.
Who is Pacific Life?
These are the F&G index buy-in dates.
What are the 1st, 8th, 15th, and 22nd of each month?
A life insurance policy that has been overfunded beyond IRS limits, causing it to lose certain tax advantages
What is a Modified Endowment Contract (MEC)?
This causes the income to double on Accelerator policies if the client cannot perform the six activities of daily living until the account value is depleted to zero
What is the impairment multiplier?
These are the suitability requirements needed in a DB VA ticket from an old/current 401(k).
What are: OFAC, ID, KYC, TWS Docs, TWS Rollover Attestation, VA Application, and Product Illustration?
The three reasons why RILA is worse than buffer for clients
What is no dividend-reinvestment, no rebalancing, and no open-architecture?
What is Market-Value Adjustment?
An IRS rule that limits how much premium can be paid into a life insurance policy relative to its death benefit so it keeps its tax-advantaged status.
What is the Guideline Premium Test?
This is a conservative investment product that offers a 3% roll-up stacker in between years 21-30.
What is SILAC Evolve?
You can combine a lot of different DB riders on Pacific Choice 2. Which two cannot be combined?
What is Stepped-up Death Benefit and ROP?