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Periodic Table
Name That Nerd II
100
Can a client have both the GMAB and GMWB riders on their contract?
What is Yes.
100
If a client is adding this rider at an anniversary, what amount will PL protect?
What is the ACV on anniversary date.
100
This is what EEG stands for.
What is Earnings Enhancement Guarantee
100
True or False: The client needs to request the step up on each contract anniversary.
What is False. Most are auto rest, but they don't NEED to do anything if they don't want to.
100
How long must the GIA+ be on the contract to realize the benefit?
What is at least 10 years.
200
What may change if the client elects a step up on the income access rider?
What is the Client may incur a higher rider fee. The PPB and PPB are immediately adjusted.
200
What is the purpose of this family of riders?
What is to protect a guaranteed amount after 10 years. Protects against market loss.
200
True or False: The EEG rider is a living benefit rider.
What is False.
200
At what age does the withdrawal become guaranteed for life with LIA+?
What is at 65 or older when first withdrawal is taken.
200
True or False: This family of riders could only be purchased at contract issue.
What is false. PL currently does not offer any GMIB riders for purchase
300
Is it possible for the client to have the Income Access Plus and the Core Income Advantage Plus on the same contract?
What is no.
300
Are step-ups available? If so how frequently?
What is yes. GPA- every year, GPA3- every 3 years, GPA5- every 5 years, GPA3 Select- every 3 years. Step ups must be manual.
300
When is the availability to add the EEG rider to a contract?
What is at issue or at the 1st contract anniversary.
300
If no withdrawals are made on CIA5, will there be any annual credit?
What is no. The CIA5 rider has no annual credit, only market step-ups.
300
What is the GIA+ rider fee based on?
What is the greater of the Guaranteed Income Base or contract value on the date the charge is deducted.
400
This is when the GIA+ Rider can be cancelled.
What is anytime. Will terminate on the contract dependent on when cancelation request is received
400
If the client adds money to their contract, will that be protected under the GPA3 Select rider?
What is maybe. Will be protected if added within first contract year of contract or within 1 year of step up.
400
What is the purpose of the EEG rider?
What is to offset potential tax liability to the designated recipient.
400
What is the maximum issue age for the F10 rider?
Who are all annuitiants at or below age 85 at time of purchase.
400
What must the client "do" in order to realize the benefits of these rider?
What is annuitize the contract.
500
Is a rider fee a contract or fund level fee?
What is a contract level fee.
500
What happens to the protected amount if the client makes a withdrawal?
What is the protected amount is reduced proportionately.
500
How is the EEG amount calculated?
What is dependent on age at issue: If age of oldest annuitant was 69 or younger on the effective date of rider, EEG amount is equal to the lesser of 40% of earnings or 40% of remaining purchase payments- excluding purchase payments made 12 months prior to DOD, adjusted for withdrawals. If age of oldest annuitant was 70-75 on the effective date of rider, EEG amount is equal to the lesser of 40% of earnings or 40% of remaining purchase payments- excluding purchase payments made 12 months prior to DOD, adjusted for withdrawals.
500
If additional premiums are made after the 1st year, will they be protected under the PPB and included in the PPA for the FLI rider?
What is yes, subpays immediately update the PPB and PPA.
500
If the client wants to annuitize their contract after the 10-year term, and the ACV is the highest value. What will PL do?
What is annuitize based on the ACV.
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