by darnardo1 » Thu Feb 18, 2010 06:22 am
EQUI-VEST® ExpressSM vs EQUI-VEST®
These two VAs seem to be the same. Can anyone tell me the basic difference between them?
I am a market researcher analysing the new post crisis VAs.
These two VAs seem to be the same. Can anyone tell me the basic difference between them?
I am a market researcher analysing the new post crisis VAs.
Posted: Thu Feb 18, 2010 03:32 pm Post Subject:
Did a quick look up of their contracts and don't see any equi vest express, just a series of equivest 100-400 with 100 being the only contract that is still active.
Posted: Mon Mar 22, 2010 06:00 pm Post Subject:
Equivest express has an initial minimum of $50 non-qualified and $5,000 inherited IRA with 7 years of surrender charges. Other annual charges include M&E risks at .85% and other expenses at .25%
Equivest requires an intial minimum of $25,000 with 6 years of surrender charges. The M&E expenses are 1% and other expenses are .25%. It also has a ratchet death benefit where the death benefit increases every 3 years for a .15% charge.
There's also other things, but those are some main differences.
Posted: Tue Mar 23, 2010 12:11 am Post Subject: thanks
Thanks tdoan89 for your help!
Posted: Tue Mar 23, 2010 02:24 am Post Subject:
No problem, but you should look into Cornerstone, it's a new product that's going to be our flagship.
Add your comment