Common use of Mortality and Expense Charge Clause in Contracts

Mortality and Expense Charge. The mortality and expense charge is to compensate the insurance company for the insurance risks that it assumes under the insurance contract and can be used by the insurance company to offset the costs of selling either a variable or buffered annu- ity, such as a commission paid to your Financial Advisor for selling the variable annuity to you. The annual mortality and expense charge is equal to a percentage of your account value, typically ranging from 0.90% to 1.80% per year.

Mortality and Expense Charge. The mortality and expense charge is to compensate the insurance company for the insurance risks that it assumes under the insurance contract and can be used by the insurance company to offset the costs of selling either a variable or buffered annu- ity, such as a commission paid to your Financial Advisor for selling the variable annuity to you. The annual mortality and expense charge is equal to a percentage of your account value, typically ranging from 0.90% to 1.80% per year.for

Mortality and Expense Charge. The mortality and expense charge is to compensate the insurance company for the insurance risks that it assumes under the insurance insur- ance contract and can be used by the insurance company to offset the costs of selling either a the variable or buffered annu- ityannuity, such as a commission paid to your Financial Advisor for selling the variable annuity to you. The annual mortality and expense charge is equal to a percentage of your account value, typically ranging from 0.90% to 1.80% per year.