October 30, 2024
SPDA Premium Allocation Presets
Choosing where to put your money is not that hard.
A Single Premium Deferred Annuity (SPDA) has 15 indexing options. That may be a scary thought but have no fear — you can easily help clients determine allocations using presets.
Four Presets
In the illustration system under Premium Allocation Preferences, there are four predefined options for SPDAs. (There is also a Custom option, which starts with 0% for all strategies.)
- Low Volatility
- Rate Booster
- Diversified
- 1 & 2-Yr Booster
Predefined Allocations
The presets have default allocations (these can be tweaked as desired):
Low Volatility
- 50% Global Balanced Index 1-Yr Point to Point
- 50% US Fundamental Balanced Index 1-Yr Point to Point
Rate Booster
- 50% Rate Booster Global Balanced Index 1-Yr Point to Point
- 50% Rate Booster US Fundamental Balanced Index 1-Yr Point to Point
Diversified
- 10% Declared Interest Account
- 30% S&P500 1-Yr Point to Point
- 30% Global Balanced Index 1-Yr Point to Point
- 30% US Fundamental Balanced Index 1-Yr Point to Point
1 & 2-Yr Booster:
- 50% Rate Booster Global Balanced Index 1-Yr Point to Point
- 50% Rate Booster Global Balanced Index 2-Yr Point to Point
Presets make allocating money really easy, but they don’t lock in your clients. Allocations can be changed at any time using the client portal or mobile app.
