Tip on filling out the ESI Annuity Purchase & Exchange Disclosure (ES0537) form
With the recent introduction of FIT Focus and FIT Horizon annuities from LSW, clients now have the option of allocating their premium into various Rate Booster crediting strategies. The Rate Booster options allow for higher participation rates or caps than the standard options and come with a 1% annual charge.
The Annuity Purchase & Exchange Disclosure is not designed to highlight optional, allocation-based fees in the Proposed Annuity Information section located on page 2. You should disclose the 1% fee elsewhere. Please ensure you are adding a reference to the 1% Rate Booster fee in either the Remarks section located on page 4 or the Additional Remarks section located on page 5.
TC116291(0820)1