Spread
An annual deduction from the index return before any cap is applied on an indexed annuity. Also called margin or asset fee.
Example
A 3% spread on a 10% index gain (no cap, 100% participation) credits 7%.
An annual deduction from the index return before any cap is applied on an indexed annuity. Also called margin or asset fee.
A 3% spread on a 10% index gain (no cap, 100% participation) credits 7%.