Standard & Poor's
has rolled out a toolbox for intermediaries who sell variable annuities. The Variable Annuity module
is part of the New York City-based firm's Advisor Insight
Web-based product suite.
It includes Standard & Poor's variable annuity policy statements on more than 700 policies, NASD-compliant reports on more than 9,000 sub-accounts, and variable annuity hypothetical modeling, according to the firm. The data includes policy fees and expenses, policy features and riders, and sub-account performance.
The individual sub-account reports include average total return data, 10k performance, fees and expenses, Modern Portfolio Theory statistics, bull/bear periods, and best/worst total returns over a range of time periods -- week, month, six months, one-, three-, five-, and ten-years, or since inception.
The offering also features a variable annuities hypothetical engine designed to function similarly to the S&P mutual fund hypothetical engine," said Ken Ennis
, vice president and general manager of retail market services, Standard & Poor's
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