Standard & Poor's has rolled out a toolbox for intermediaries who sell variable annuities. The Variable Annuity module is part of the New York City-based firm's Advisor Insight Web-based product suite.

It includes Standard & Poor's variable annuity policy statements on more than 700 policies, NASD-compliant reports on more than 9,000 sub-accounts, and variable annuity hypothetical modeling, according to the firm. The data includes policy fees and expenses, policy features and riders, and sub-account performance.

The individual sub-account reports include average total return data, 10k performance, fees and expenses, Modern Portfolio Theory statistics, bull/bear periods, and best/worst total returns over a range of time periods -- week, month, six months, one-, three-, five-, and ten-years, or since inception.

The offering also features a variable annuities hypothetical engine designed to function similarly to the S&P mutual fund hypothetical engine," said Ken Ennis, vice president and general manager of retail market services, Standard & Poor's  

See the list of all the 2002 Most Influential People



Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE