Across
- 3. An annuity type that provides periodic payments only for as long as the annuitant lives
- 5. A test for readability of written materials used to evaluate contract forms
- 6. Normally calculated as a percentage of assets held by the investment funds underlying the various sub accounts
- 9. Person designated to receive periodic annuity payments under an annuity contract
- 10. Charge levied on premiums paid to cover cost of selling and commissions
- 13. Process of delivering an updated prospectus annually
- 17. A deposit made with indications of specific percentages for each sub account on the contract
- 19. This determines if the annuity is an appropriate purchase for the applicant given the applicants financial conditions and objectives
- 20. These contributions are subject to cost recovery rule
- 21. Nominal or face value
- 22. A fixed amount deducted annually from the accumulated value on contracts anniversary date
- 25. A benefit that assures that the amount of each annuity payment after first payment will never be less than a stated percentage of the first payment
Down
- 1. This company sponsored an England Vs Sri Lanka
- 2. This gives the owner multiple guaranteed fixed rates for interest and multiple guarantee periods for the principal and interest
- 4. Periodic annuity payments are made by the insurer on this date
- 7. Amounts that participants in qualified retirement plans and owners of traditional IRAs must begin to receive by a specified age or time
- 8. An acronym for a tool / product used in Pru AIT that is also shared by the actuarial and investment staff
- 11. A document describing benefits provided by a plan
- 12. Removing some, but not all funds from an account
- 14. A living benefit that guarantees a minimum protected value that can be converted into annuity payments usually after a waiting period even if the annuitys actual account value declines
- 15. A non profit organization that regulates the market conduct of member firms and representatives of security dealers
- 16. Commonly known term for financial services modernization act
- 18. Over exposure to this risk type can cause financial distress to the insurers
- 22. Premiums paid - non taxable withdrawals
- 23. A security clearing house widely used for variable annuities
- 24. Process used to set products expense assumption