BreadWithSpam@[EMAIL PROTECTED]
wrote:
> Anyway, that particular index annuity formula, at
> least as I applied it, has come up pretty impressive
> in an ugly 10 year period. Do you have a specific
> annuity you saw with those terms? I'd like to look
> at it a little more closely.
Unfortunately, no. I've reviewed bad ones by having people email me a
prospectus, but this set of numbers came from someone who took notes
during a meeting and offered me little more than the data I posted.
For this person, any use of options, or mixed ****tfolio wasn't really a
choice. I was asked to comment on this product without the chance to
offer much in the way of alternatives.
I looked at it two ways - first, the guarantee that a 2000-2 will not
cause a loss, which of course is just one point, but im****tant for some.
The more abstract way is this - Bell curve, centered on 10% long term
return, with about 15% STD deviation. Giving up the dividend ****fts left
by 2%, and upper tail (over 15%) is cut off. For this, the whole tail
below 2% is also cut off. I'd have more to say if I were sent he whole
prospectus, of course.
Joe
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