What's the name of the premium bonus annuity game?
For clients who buy an annuity with a premium bonus, the name of the game is “net” – how many dollars will they net after any fees? At first glance, it seems that a higher premium bonus is the best choice. But… not so fast!
The premium bonus is calculated based on the first year premium and vests according to a vesting schedule over the duration of the surrender period.