Participation Rate
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A participation rate determines how much of the gain in the index will be credited to the annuity.
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Source:
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United States Securities and Exchange Commission
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Passively Managed
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Passively managed funds seek to obtain the investment results of an established market index, such as the Standard and Poor's 500, by duplicating the holdings included in the index. Thus, passively managed funds require little research or trading activity.
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Source:
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United States Department of Labor
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Persistency Bonus
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Encourages you to keep your funds with the company regardless of annuitization.
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Source:
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Ohio Department of Insurance
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Point to Point
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Compares the change in the index at two discrete points in time, such as the beginning and ending dates of the contract term.
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Source:
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United States Securities and Exchange Commission
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Portfolio Rebalancing
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As you get closer to retirement, or as market performance alters the values of your asset classes, you may find that your asset allocation no longer guarantees the balance of growth and return that you want. In that case, you may want to consider adjusting your holdings and rebalancing your portfolio.
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Source:
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National Association of Securities Dealers, Inc.
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Prospectus
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A prospectus is a document given to potential investors in connection with a public offering of securities. It is intended to provide potential investors with a written statement of all relevant information about the company -- its history, operations, financial condition and key personnel. A prospectus is required by law; it provides information but not an endorsement.
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Source:
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California Department of Corporations
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Purchase Fee
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A purchase fee is another type of fee that some funds charge their shareholders when the shareholders purchase their shares. A purchase fee differs from, and is not considered to be, a front-end sales load because a purchase fee is paid to the fund (not to a broker) and is typically imposed to defray some of the fund's costs associated with the purchase.
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Source:
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United States Securities and Exchange Commission
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