Part 1 of 3
Surrender charge and market value adjustment
A surrender charge is a fee for taking out too much during the surrender period. A market value adjustment (MVA) can raise or lower what she gets.
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1.
Swap in your client and the product's full name. Paste this in a chat with Annuities Genius.
Using Annuities Genius: I am about to show my client the [paste the product's name]. She is 64, lives in Wisconsin and has $150,000 of non-qualified money. Look up its details. Do not run a quote. Explain these in one plain sentence each: the surrender charges, the market value adjustment and the free withdrawals. Use dollars on her $150,000 for the surrender charges and the free withdrawals, not for the market value adjustment. Say "check the brochure" for anything the details lack. Link the brochure.
Select the text and copy it.
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2.
Compare each sentence with the product's details, then edit it to sound like you.
Use the current charge base and full-surrender rules. Show cash surrender value and bonus recapture. Show market value adjustment (MVA) and free-withdrawal effects separately.