Annuity Terminology

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Across
  1. 5. Rider Made up of 3 features. Enhanced free withdrawal, ROP, enhanced annuitization
  2. 7. Financial Industry National Regulatory Authority
  3. 8. Percentage rate deducted from the lesser of the Index percentage change or any applicable Cap Rate to determine the net interest credits at the end of each term
  4. 12. Total amount the contract currently holds
  5. 15. Set percentage per strategy that is applied to the Strategy Index Percentage. Applicable to FIAs
  6. 17. 3rd parties that contract with insurance companies to distribute, recruit producers and market an insurance companies products
  7. 18. All applications or active contracts owned by the owner or spouse
  8. 19. Relates to Income Rider, a term sometimes used in place of "Rider Interest Rate"
  9. 21. IBD are financial institutions registered to allow for the sale of securities products by FINRA
  10. 22. Vehicle Product used by investors to gain positive returns
  11. 23. Applicable to Fixed Indexed Annuities
Down
  1. 1. Cash or other assets that can easily be converted into cash without losing much of the original value
  2. 2. If the owner decides to surrender the contract, this rider provides the ROP Benefit.
  3. 3. When a Bank or Broker Dealer agrees to gather the information required to make a suitabilty decision prior to submitting the application
  4. 4. A hypothetical projection of a chosen product based on the clients age, policy funding, and past strategy performance
  5. 6. Establishment that focuses on dealing with financial transactions, such as investments, loans, and deposits
  6. 9. Charge Also known as Surrender Penalty or Withdrawal Charge
  7. 10. Entity that Athene will have a contract with, within the FI Channel
  8. 11. The wealth of an entity, person, or corporation, as well as sectors and countries
  9. 13. Additional benefit that allows the owner to activate a guaranteed income stream for life while retaining access to the accumulated value
  10. 14. Also known as Surrender Value or Cash Surrender Value
  11. 16. An added benefit which offers an Enhanced Death Benefit guaranteed to grow daily
  12. 20. Amount added to the account value at the time premium is added