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Ascent offers the user the ability to seamlessly transition
from illustrating life insurance to illustrating annuities, and back again. If needed,
the user can also show life insurance and annuities in the same illustration, for
use in a Life-To-Annuity or other presentation.
Ascent annuity capabilities include:
- Variable Annuities or
General Account products
- Single premium or flexible premium
annuities
- Immediate or Deferred products
- Historical or prospective illustrations
- Historical illustrations track each
fund's account performance in separate buckets (prospective illustrations can do
this as well)
- The ability to properly illustrate
the Fixed Account within a variable annuity product, including guaranteed minimum
and current maximum interest rates for the Fixed Account bucket
- Historical illustrations use actual
daily share values for each elected fund to track account performance.
- Dollar Cost Averaging on a semi-annual,
quarterly, or monthly basis
- Periodic fund Rebalancing, or special
one-time Rebalancing, or any combination of the two
- Multiple Death Benefit Options
- Living Benefits and other riders
- Settlement Options including Life,
Life with a certain period, Joint Life, etc.
- No limits on the number of funds that
can be illustrated
- Periodic withdrawals, including multiple
withdrawals per year
- Output options include reports on
all funds together or on each fund separately, including charts and graphs for individual
fund performance
- No limits on the number of funds that
can be illustrated
Ascent offers the ability to illustrate life insurance and annuities within the
same system, allowing you to consolidate your resources, reduce training expenses,
and cut back on distribution expenses.
Figure 1: Summary of all Funds' Performance
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