FPDA

Question 1

What is the interest rate for an FPDA or a DISO?

Answer 1

it will be either:

• the interest rate determined by the funding contract

or

• the current rate for FPDAs/DISOs. whichever is greater

Question 2

All FPDAs and DISO born before 06/21 2015 have a guarenteed interest rate of…

Answer 2

3% for FPDA

3.5 % for DISO

Question 3

If an FP calls in with questions about running an illustration,

Answer 3

transfer him to the sales desk, 628-7950

Question 4

Tim was listed as a beneficiary on 2 life contracts and he’s really excited to combine them into 1 FPDA

Answer 4

HE CAN’T. only 1 FPDA per a contract can exist. He could open 2 fpda’s if he would like

Question 5

Tim’s mom had an FPDA. She died and named him a beneficiary. Tim already knows that he wants to open and FPDA just like his mom did…

Answer 5

Tim cannot do this. a 2nd generation beneficiary of an FPDA or a DISO can no longer elect an fpda with the proceeds

Question 6

You elect an FPDA and the guaranteed minimum is 1.5%. Next month you noticed that you got an interest rate on your FPDA of 3%. What happened here?

Answer 6

The current rate fluctuates, and in this case, it went UP. yay!!! Fortunately for you, it will never go below 1.5% but it may go up :)

Question 7

a beneficiary on an FPDA has so many options. Try your best to name them all

Answer 7

Cash out. That’s it, nothing else