Build and check an annuity crediting table

Each index account credits interest by its own rules. Get them in one table.

1. 1.

   Open a new chat. In ChatGPT Work, type @ and pick Annuities Genius first. Paste this case. Non-qualified means money outside a retirement account.

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   Using Annuities Genius: I'm paid by commission. Screen S&P 500 FIAs for a 60-year-old Missouri client with $100,000 of nonqualified money. Compare current terms, guarantees, charges, liquidity and sales channels. Do not recommend one until I provide the full profile and verify carrier documents. Put its index accounts in one table: cap, participation rate and spread, with guaranteed values next to any projection. For $100,000, show years with an 8% rise and a 10% fall. Separate index change, indexed interest, account value and cash surrender value. Include all formula terms, charges, surrender charges and any MVA. State whether dividends are excluded. Explain why a 0% index credit does not protect cash surrender value. Use the product's own current terms and say how it is sold. I decide.

   Select the text and copy it.

2. 2.

   A cap is the most interest credited per period, often a year. Participation is the share of the gain. Spread comes off the gain.

   Not every product has all three. Your AI should say which ones are missing.

3. 3.

   Read the $100,000 example: a year up 8% and a year down 10%.

   Point-to-point means only the index on two dates counts.

4. 4.

   In the same chat, ask three follow-up questions.

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   How many years has each index in the table been live? Flag any young index. Which caps and rates can change at renewal, and is any change already scheduled? Is this product sold by commission or by fee? Show the channel from the product record.

   Select the text and copy it.

5. 5.

   Look at how long each index has been live.

   A young index has little history, so its past results say little. The S&P 500, for example, goes back decades.

6. 6.

   Look at what can change at renewal, and how it is sold.

   Scheduled rate changes and sales channels sit in the product record. Your commission does not.