NAVA
The M&E fee for the NAVA is
What is .95%
The minimum account value required to keep an account open after a withdrawal
What is $1,000
What is the 10% free amount and the surrender free amount
At this age the client can elect the LPA (Lifetime Payment Amount ) for the 5 for Life rider
What is the anniversary after the turn 65
What is no.
The minimum account value required to keep an account open after a withdrawal
What is $500.
These are the additional riders that are associated with VA & VA II products
What is there are none. Gotcha!
This is the difference in the base M&E for these products
What is 1.4% for Advantage II and 1.3% for Advantage III
The range of the M&E fees is
What is .85% to 1.10% based on accumulation value
This third party is authorized to make trades on account in addition to the agent
What is a RIA ( Registered Investment Advisor)
What is $50,000
The minimum guaranteed interest rate is
What is 1.5%
The time that we must receive any trade request by is
What is 2 pm CST
(Note: call must start before 2 pm)
The time that the system will not allow any vector trades to be entered for the day
What is 2:45 CST
After this date, clients no longer receive 3% as their guaranteed minimum interest rate in the general account
What is January 17, 2011.
These are the limits of moving money out of the general account within a contract year
What is the greater of $25,000 or 25% of the general account value as of the last contract anniversary
The maximum total premium allowed is
and
The maximum total that can be allocated to the general account is
What is 5 million
and
What is 1 million
What is a 7 Year surrender schedule
This investment group can trade their funds daily
What is Profunds
These are the limits of moving money out of the general account within a contract year
What is the greater of $5,000 or 20% of the general account value as of the last contract anniversary
This is the difference between the surrender schedules for these two products
What is the VA surrender schedule is based of the initial premium. The VA II is per premium.
This investment strategy is required when a contract has the GMWB ( Guaranteed Minimum Withdrawal Benefit) Rider
What is an allocation model.
The most common rider on Vectors
What is the Five for Life
This is the method an RIA's (Registred Investment Advisor) fee is billed to the client
What is directly through fees on our accounts calculated into their daily unit values without billing the client individually.
Note: Vector 1 does not have this option. The client is billed either through the contract or separately from the RIA