MaxAvgFeeRate

Description
Maximum Average Fee Rate

Type : Percent

Definition
This is the maximum, guaranteed weighted average fee rate for all funds offered for a given product. The rate is based on actual experience for all funds available on the product. It represents a combination of mortality and expense fees applied as well as investment results. It is used for illustration purposes to simplify investment projections for the product. Regulation requires that this information is provided on a product illustration. Prior to version 2.31.00, MaxAvgFeeRate was implemented as data type currency. The type was changed to percent to allow for consistent implementation and standard usage.

Parents
PolicyProduct