BENEFIT TO EXPENSE RATIO:
Benefit to Expense Ratio is a quantitative relationship between Expense and Benefit.
The higher the Benefit to Expense Ratio, the more valuable is the interplay between expenses and income benefits as applied to income distributions.
The higher the Benefit to Expense Ratio, the more valuable is the interplay between expenses and income benefits as applied to income distributions.
EXPENSE:
Expense for each product is the summation of the following fees: mortality & expense & administrative fees (M&E&A), sub-account investment management fees (fund fees), and benefit rider fees.
Expense for each product is the summation of the following fees: mortality & expense & administrative fees (M&E&A), sub-account investment management fees (fund fees), and benefit rider fees.
BENEFIT:
Benefit is a number derived by calculating the cost to insure each product’s guaranteed income benefits by purchasing derivatives and then applying relevant weightage factors.
Benefit is a number derived by calculating the cost to insure each product’s guaranteed income benefits by purchasing derivatives and then applying relevant weightage factors.
