What is B Share annuity?

What is B Share annuity?

B-Share Variable Annuity refers to a form of variable annuity contract that has no initial sales charge. However, if the contract is cancelled the holder will have to pay deferred sales charges.

What is a variable annuity Series L?

The Series L-Share is a variable annuity offering from the folks at TransAmerica that allows you to customize your annuity with several living benefits and death benefit options. It is the KIND OF ANNUITY that determines how much income you will get, what that income will cost you, and how protected your money will be.

What are Class L units?

Class L Units means a Partnership Security representing a fractional part of the Partnership Interests of all Limited Partners and Assignees, and having the rights and obligations specified with respect to Class L Units in this Agreement.

What is AC share variable annuity?

C-Share refers to a type of variable annuity that does not have front-end sales charges and does not have surrender fees. Costs, however, may ultimately be built into the mortality and expense risk charges (M&E fees).

What are M&E fees?

A mortality and expense risk charge is a fee imposed on investors in annuities and other products offered by insurance companies. It compensates the insurer for any losses that it might suffer as a result of unexpected events, including the death of the annuity holder.

What annuity means?

An annuity is a long-term investment that is issued by an insurance company and is designed to help protect you from the risk of outliving your income. Through annuitization, your purchase payments (what you contribute) are converted into periodic payments that can last for life.

Is SJP any good?

89.7% of St James’s Place funds rate as poor performing 1 or 2 star funds, making SJP one of the worst fund managers in the UK. However, as identified in table 2 below, the average performance rating of SJP funds is significantly lower than the industry standard across all investment sectors.

What is an O share annuity?

O shares combine features of A and B shares. O shares are designed for long-term investors. This share class is only offered by a very small number of insurers. An O share has no up-front charges (unlike A shares) but does have a deferred sales charge (just like B shares).

Do Variable annuities have share classes?

Deferred variable annuities are offered in different share classes. They may vary in their investment requirements, surrender charge schedules, and separate account charges. The most common variable annuity share classes are B share, C share, L share, and Bonus share.