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Old 10-28-2016, 01:20 PM
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kazh kazh is offline
Join Date: Nov 2001
Location: a long nap
Favorite beer: A & W Root
Posts: 5,466
Cool FIA or MVA

Originally Posted by MathGeek92 View Post
Is this a real product, or just pointing out the idea of how to get around the SNL?
Originally Posted by JMO Fan View Post
If we change the guarantee to doubling the value if the S&P 500 doubles after 10 years, the logic is the same, as it is for every other possible indexing formula. And if the deferred annuity has typical 1%- graded surrender charges, any guaranteed increase that could exceed 0.1% will violate the prospective test.
The first example matches products with 100% participation (rare). The second would apply to every indexed product that guarantees anything other than 0, implying that virtually all FIAs violate Nonforfeiture. Zero guarantees are not consumer friendly => SNFLIDA needs an update.
awake again

Last edited by kazh; 10-28-2016 at 01:24 PM..
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