This program is designed to give you data to assist you with your annual review appointments.

Currently you can use the full program for Fixed Indexed Annuities (FIA).  You can also use it for Indexed Universal Life (IUL) for reallocation purposes only.

You will use this button to add a new crediting method from the Fixed Indexed Annuity you are analyzing.  A crediting method can sometimes be referred to as a “crediting strategy” or just “strategy”.  This would also be the same for the +IUL Method button.

The most common reason for this is the failure to enter a Par Rate.  There are products that exist the have Par Rates below 100% and a Cap or Spread.  If you renewal statement (or sometimes referred to as the “11 Month Statement) does not offer a Par Rate that almost always means it is assumed at 100%.

Most FIA’s and IUL’s have a fixed account.  This may be referred to also as a “Declared Rate” on the client’s statement with some carriers.  This can be confusing do to the fact that we have a “Declared Rate” box as well.  *See below

This is not the “Fixed Account”!  There are a group of products, generally from Annexus, that have a fixed rate that is part of an index crediting strategy.  It is usually accompanied with a percentage that divides the allocation between the fixed rate and the index.

There are products that label the “Trigger Rate” as a “Declared Rate”.  You may also see this labeled as the “EZ Rate”.

A typical Cap method credits the index gains up to the Cap Rate when the index produces a positive return.  If you check the “Inverse” box, this will work the same way, except it works when the index produces a negative return.

Everything! The bonus, the index crediting and if there is a fee.

This is applied only when there is a mandatory fee associated with the product.  Typically, it is the fee to buy-up a Par or Cap Rate.  Optional fees, such as an Income Rider Fee, are not represented here.

This usually happens when the name, or description, of the Index that the carrier is using differs from the name, or description, used in this software.  The best way to be sure is to check the Ticker Symbols.  If you still cannot see the Index, contact the Index Resource Center via email at garett@indexresourcectr.com.

Ten years is what the NAIC uses in every carrier illustration when they assess historical returns.  The 10 year conversion allows the software to do a comparison utilizing a “level playing field”.  It is also important to note that if you are also showing a “New Annuity”, the historical returns used are also 10 years so a fair comparison can be created.

Simply click the DELETE button on that strategy and enter the method again with your correction.

This is the 10 year return of the current allocations.  It takes the 10 year return from each method that has funds allocated and calculates the return the client is currently tracking at based upon weighting from the allocation percentage.

The returns on the client’s statement are the actual returns the client has received to this point in the term of the annuity or IUL.  The are a culmination of all credited interest from the policy issue to this point in the contract.  All reallocations have been made throughout the term have been applied.  This differs from the software’s returns because the software is looking at the current allocations and converting them to a 10 year historical return for comparison purposes.