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[lmi-commits] [lmi] master d73c50e 1/2: Mark text to be moved from MST t
|
From: |
Greg Chicares |
|
Subject: |
[lmi-commits] [lmi] master d73c50e 1/2: Mark text to be moved from MST to product files |
|
Date: |
Wed, 15 Apr 2020 13:30:20 -0400 (EDT) |
branch: master
commit d73c50e0244658cb5b378ce20434946cd7c5cd1c
Author: Gregory W. Chicares <address@hidden>
Commit: Gregory W. Chicares <address@hidden>
Mark text to be moved from MST to product files
Text to be moved is marked with a comment indicating the name of its
product-file destination, thus, e.g.:
<!-- PDF !! FnDacTax -->
<!-- PDF !! DefnOutlay -->
so that
grep '<!-- PDF' *.mst |less
finds all of these comments. The examples above have prefixes that will
be used for new product-file elements:
"Fn-" for footnotes (terser than the old "-Footnote" suffix)
"Defn-" for defined terms
---
finra_header_upper.mst | 1 +
finra_notes1.mst | 9 +++++++--
finra_notes2.mst | 9 +++++++++
ill_reg_column_headings.mst | 15 +++++++++++++++
ill_reg_narr_summary.mst | 6 ++++++
ill_reg_narr_summary2.mst | 14 +++++++++++++-
ill_reg_numeric_summary.mst | 1 +
reg_d_group_header_upper.mst | 1 +
reg_d_group_narr_summary.mst | 6 +++++-
reg_d_group_narr_summary2.mst | 8 +++++++-
reg_d_indiv_cover_page.mst | 2 ++
reg_d_indiv_header.mst | 1 +
reg_d_indiv_notes1.mst | 5 ++++-
reg_d_indiv_notes2.mst | 4 +++-
14 files changed, 75 insertions(+), 7 deletions(-)
diff --git a/finra_header_upper.mst b/finra_header_upper.mst
index 1319c4f..3794e99 100644
--- a/finra_header_upper.mst
+++ b/finra_header_upper.mst
@@ -24,6 +24,7 @@
<br></br>
<br></br>
+<!-- PDF !! HypotheticalRatesFootnote -->
<p>
The purpose of this illustration is to show how the performance
of the underlying investment account could affect the
diff --git a/finra_notes1.mst b/finra_notes1.mst
index 8f6eea5..e311983 100644
--- a/finra_notes1.mst
+++ b/finra_notes1.mst
@@ -25,8 +25,8 @@
<font size="-1">
+<!-- PDF !! MecFootnote -->
<p align="center"><b>IMPORTANT TAX DISCLOSURE</b></p>
-
<p>
As illustrated, this {{ContractName}}
{{#IsMec}}
@@ -53,12 +53,14 @@ and may also trigger a penalty tax.
</p>
{{/IsInforce}}
-<!-- The phrase "tax charge" is unclear. -->
+<!-- PDF !! FnDacTax -->
+<!-- The phrase "tax charge" is unclear. Probably the DAC tax is meant. -->
<p>
No tax charge is made to the Separate Account. However,
such a charge may be made in the future.
</p>
+<!-- PDF !! FnNotTaxAdvice -->
<p>
<b>
The information contained in this illustration is not written
@@ -97,6 +99,7 @@ in an illustration-reg template, if anywhere.
<p>{{NoLapseEverFootnote}}</p>
{{/NoLapseAlwaysActive}}
+<!-- PDF !! FnDefnLifeIns -->
<p>
The definition of life insurance elected for this
{{ContractName}} is the
@@ -116,12 +119,14 @@ The definition of life insurance elected for this
</p>
{{/DefnLifeInsIsGPT}}
+<!-- PDF !! RejectPremiumFootnote -->
<p>
{{InsCoName}} has the right to promptly refund any amount of premium paid if it
will increase the net amount at risk (referred to in the {{ContractName}} as
the Amount of Insurance that Requires a Charge).
</p>
+<!-- PDF !! FnBoyEoy -->
<p>
Premium payments are assumed to be made at the beginning of the year. Account
values, cash surrender values, and death benefits are illustrated as of the end
diff --git a/finra_notes2.mst b/finra_notes2.mst
index 0837ea6..80d2a75 100644
--- a/finra_notes2.mst
+++ b/finra_notes2.mst
@@ -31,6 +31,7 @@
{{GuarMortalityFootnote}}
</p>
+<!-- PDF !! FnMaturityAge -->
<p>
This illustration assumes death of the insured at age {{EndtAge}}.
</p>
@@ -97,6 +98,7 @@ This illustration assumes death of the insured at age
{{EndtAge}}.
</p>
{{/HasSpouseRider}}
+<!-- PDF !! FnPartialMortality -->
{{#UsePartialMort}}
<p>
This illustration reflects the client's mortality assumption
@@ -105,6 +107,7 @@ This illustration assumes death of the insured at age
{{EndtAge}}.
</p>
{{/UsePartialMort}}
+<!-- PDF !! MortalityBlendFootnote -->
{{#GenderBlended}}
<p>
Custom blending of cost of insurance charges is based
@@ -145,12 +148,14 @@ The state of issue is {{StateOfJurisdiction}}.
</p>
{{#IsInforce}}
+<!-- PDF !! FnInforceAcctVal -->
<p>
This illustration assumes a beginning account value of
${{InforceUnloanedAV}} as
of the date of this illustration.
</p>
+<!-- PDF !! FnInforceTaxBasis -->
<p>
This illustration assumes a beginning cost basis of
${{InforceTaxBasis}} as
@@ -166,6 +171,7 @@ The state of issue is {{StateOfJurisdiction}}.
<p align="center"><b>GUARANTEED PRINCIPAL ACCOUNT</b></p>
+<!-- PDF !! FnGeneralAccount -->
<p>
The Guaranteed Principal Account (GPA) has a guaranteed
minimum annual interest rate of
@@ -181,6 +187,7 @@ issuing company or companies.
</p>
{{^Composite}}
+<!-- PDF !! FnImf -->
<p>
This illustration is based on total Separate Account
fund expenses of {{TotalIMF[0]}}.
@@ -199,6 +206,7 @@ issuing company or companies.
{{/CustomFund}}
{{/Composite}}
+<!-- PDF !! FnProspectus -->
<p>
<b>
This material must be preceded or accompanied by the current prospectus for the
@@ -215,6 +223,7 @@ investing or sending money.
{{SubsidiaryFootnote}}
</p>
+<!-- PDF !! PlacementAgentFootnote -->
<p>
Securities offered through registered representatives of
{{CoUnderwriter}}
diff --git a/ill_reg_column_headings.mst b/ill_reg_column_headings.mst
index f106781..42e0107 100644
--- a/ill_reg_column_headings.mst
+++ b/ill_reg_column_headings.mst
@@ -29,6 +29,8 @@
</header>
<font size="-1">
+
+<!-- PDF !! DefnAV -->
<p>
<b>{{AvName}} Value:</b>
The accumulation at interest of the net premiums paid,
@@ -39,6 +41,8 @@ less any withdrawals, less any monthly charges deducted.
less any monthly charges deducted.
{{/SinglePremium}}
</p>
+
+<!-- PDF !! DefnCSV -->
<p>
<b>{{CsvName}} Value:</b>
{{AvName}} Value less {{ContractName}} debt.
@@ -46,6 +50,7 @@ less any monthly charges deducted.
{{CashSurrValueFootnote}}
{{/Has1035ExchCharge}}
</p>
+
{{^IsInforce}}
<p>
<b>Current Illustrated Crediting Rate:</b>
@@ -56,10 +61,12 @@ less any monthly charges deducted.
<b>Current Values:</b>
{{CurrentValuesFootnote}}
</p>
+
<p>
<b>Death Benefit:</b>
{{DeathBenefitFootnote}}
</p>
+
{{DBOption1Footnote}}
{{DBOption2Footnote}}
{{DBOption3Footnote}}
@@ -100,10 +107,13 @@ less any monthly charges deducted.
<b>Guaranteed Crediting Rate:</b>
{{GuaranteedCreditRateFootnote}}
</p>
+
<p>
<b>Guaranteed Values:</b>
{{GuaranteedValuesFootnote}}
</p>
+
+<!-- PDF !! DefnMec -->
<p>
<b>MEC:</b>
Modified Endowment Contract - this classification is given
@@ -114,11 +124,13 @@ insurance {{ContractName}}. To the extent of gain in the
{{ContractName}}, loans
distributions and withdrawals from a MEC are subject
to income tax and may also trigger a tax penalty.
</p>
+
{{^IsInforce}}
<p>
<b>Midpoint Values:</b>
{{MidpointValuesFootnote}}
</p>
+
{{/IsInforce}}
{{MinDeathBenefitFootnote}}
@@ -132,11 +144,14 @@ to income tax and may also trigger a tax penalty.
{{PolicyYearFootnote}}
</p>
+<!-- PDF !! DefnOutlay -->
<p>
<b>Premium Outlay:</b>
The amount of premium assumed to be paid by the {{ContractName}} owner
or other premium payor.
</p>
+
+<!-- PDF !! DefnSpecAmt -->
<p>
<b>Selected Face Amount:</b>
The Selected Face Amount may be decreased upon written application
diff --git a/ill_reg_narr_summary.mst b/ill_reg_narr_summary.mst
index 53ce52e..0992265 100644
--- a/ill_reg_narr_summary.mst
+++ b/ill_reg_narr_summary.mst
@@ -31,6 +31,7 @@
{{ProductDescription}}
</p>
+<!-- PDF !! FnProposalUnderwriting -->
{{^IsInforce}}
<p>
Coverage may be available on a Guaranteed Standard Issue basis.
@@ -53,6 +54,7 @@
- ee and er modes may differ, but only er mode is shown
}}
+<!-- PDF !! FnBoyEoy -->
{{^SinglePremium}}
Premiums are assumed to be paid on
{{InitErModeWithIndefiniteArticle}}
@@ -69,6 +71,7 @@ of the {{ContractName}} year. The method we use to allocate
overhead expenses is the fully allocated expense method.
</p>
+<!-- PDF !! FnGuaranteedPremium -->
{{^SinglePremium}}
<p>
In order to guarantee coverage to age {{EndtAge}},
@@ -83,6 +86,7 @@ overhead expenses is the fully allocated expense method.
</p>
{{/SinglePremium}}
+<!-- PDF !! LoanFootnote -->
<p>
Loaned amounts of the {{AvName}}
Value will be credited a rate equal to the loan interest rate less
@@ -128,6 +132,7 @@ a spread, guaranteed not to exceed {{MaxAnnGuarLoanSpread}}.
</p>
{{/HasADD}}
+<!-- PDF !! FnDefnLifeIns -->
<p>
The definition of life insurance for this {{ContractName}} is the
{{#DefnLifeInsIsGPT}}
@@ -141,6 +146,7 @@ The definition of life insurance for this {{ContractName}}
is the
{{/DefnLifeInsIsGPT}}
</p>
+<!-- PDF !! FnOmnibusDisclaimer -->
<p>
This is an illustration only. An illustration is not intended
to predict actual performance. Interest rates
diff --git a/ill_reg_narr_summary2.mst b/ill_reg_narr_summary2.mst
index f5264d9..3e897a9 100644
--- a/ill_reg_narr_summary2.mst
+++ b/ill_reg_narr_summary2.mst
@@ -30,6 +30,7 @@
<font size="-1">
+<!-- PDF !! SalesLoadRefundFootnote -->
{{#SalesLoadRefundAvailable}}
<p>
Sales Load Refund: We will refund a portion of the sales load
@@ -56,16 +57,17 @@
{{GuarMortalityFootnote}}
</p>
+<!-- PDF !! FnMaturityAge -->
<p>
This illustration assumes death of the insured at age {{EndtAge}}.
</p>
+<!-- PDF !! LoanFootnote -->
{{!
PDF !! 'MaxAnnCurrLoanDueRate': loan rate actually can vary by year,
so text should say that the fixed loan rate is "guaranteed never
to exceed" this value.
}}
-
<p>
The loan interest rate is fixed at {{MaxAnnCurrLoanDueRate}} per year.
</p>
@@ -74,6 +76,7 @@ The loan interest rate is fixed at {{MaxAnnCurrLoanDueRate}}
per year.
The state of issue is {{StateOfJurisdiction}}.
</p>
+<!-- PDF !! FnInitialSpecAmt -->
<p>
This illustration assumes an initial Selected Face Amount of
${{InitBaseSpecAmt}}. Selected Face
@@ -82,11 +85,13 @@ in the Tabular Detail.
</p>
{{#IsInforce}}
+<!-- PDF !! FnInforceAcctVal -->
<p>
This illustration assumes a beginning account value of
${{InforceUnloanedAV}} as of the date of this illustration.
</p>
+<!-- PDF !! FnInforceTaxBasis -->
<p>
This illustration assumes a beginning cost basis of
${{InforceTaxBasis}} as
@@ -96,6 +101,7 @@ in the Tabular Detail.
</p>
{{/IsInforce}}
+<!-- PDF !! FnCensus -->
<!-- There is no "attached census". -->
{{#Composite}}
<p>
@@ -113,6 +119,7 @@ in the Tabular Detail.
{{/StateIsMaryland}}
{{#AllowExperienceRating}}
+<!-- PDF !! Irc1035ChargeFootnote should probably subsume this paragraph: -->
<p>
We may assess a Market Value Adjustment upon a surrender
of the {{ContractName}} when the surrender proceeds are intended
@@ -143,6 +150,7 @@ in the Tabular Detail.
</p>
{{/AllowExperienceRating}}
+<!-- PDF !! Fn1035Charge -->
{{#Has1035ExchCharge}}
<p>
{{^SinglePremium}}
@@ -176,6 +184,7 @@ in the Tabular Detail.
</p>
{{/Has1035ExchCharge}}
+<!-- PDF !! SpouseFootnote -->
{{#HasSpouseRider}}
<p>
The ${{SpouseRiderAmount}} Spouse
@@ -187,6 +196,7 @@ in the Tabular Detail.
</p>
{{/HasSpouseRider}}
+<!-- PDF !! ChildFootnote -->
{{#HasChildRider}}
<p>
The ${{ChildRiderAmount}} Child
@@ -207,6 +217,7 @@ in the Tabular Detail.
<font size="-1">
+<!-- PDF !! MecFootnote -->
<!-- This is not appropriate for composites. -->
<p>
As illustrated, this {{ContractName}}
@@ -236,6 +247,7 @@ and may also trigger a penalty tax.
{{/IsInforce}}
{{/SinglePremium}}
+<!-- PDF !! FnNotTaxAdvice -->
<p>
<b>
The information contained in this illustration is not written
diff --git a/ill_reg_numeric_summary.mst b/ill_reg_numeric_summary.mst
index bbcd1d8..5ea7052 100644
--- a/ill_reg_numeric_summary.mst
+++ b/ill_reg_numeric_summary.mst
@@ -80,6 +80,7 @@ keeping the center alignment of the last "p" tag above.
{{/LapseYear_Curr_LT_MaxDur}}
{{/Composite}}
+<!-- PDF !! FnMecExtraWarning -->
{{#IsMec}}
<p>
IMPORTANT TAX DISCLOSURE: This is a Modified Endowment Contract.
diff --git a/reg_d_group_header_upper.mst b/reg_d_group_header_upper.mst
index 831270c..5b80141 100644
--- a/reg_d_group_header_upper.mst
+++ b/reg_d_group_header_upper.mst
@@ -24,6 +24,7 @@
<br></br>
<br></br>
+<!-- PDF !! HypotheticalRatesFootnote -->
<p>
The purpose of this illustration is to show how the performance
of the underlying separate account divisions could affect
diff --git a/reg_d_group_narr_summary.mst b/reg_d_group_narr_summary.mst
index cd48eaa..1d8aaf1 100644
--- a/reg_d_group_narr_summary.mst
+++ b/reg_d_group_narr_summary.mst
@@ -34,10 +34,12 @@
<u>Stable Value Feature</u> {{StableValueFootnote}}
</p>
+<!-- PDF !! FnInitialDbo -->
<p>
This illustration assumes Initial Death Benefit Option {{InitDBOpt}}.
</p>
+<!-- PDF !! FnPpAccreditedInvestor -->
<p>
This policy is only available to entities that meet the definition
of "accredited investor" or "qualified purchaser" under applicable
@@ -54,6 +56,7 @@ suitability standards.
{{NoVanishPremiumFootnote}}
</p>
+<!-- PDF !! FnDefnLifeIns -->
<p>
The definition of life insurance elected for this contract
is the
@@ -78,11 +81,11 @@ Account values, cash surrender values, and death benefits
are illustrated as of the end of the year.
</p>
+<!-- PDF !! MecFootnote -->
{{!
PDF !! The 'MecYearIs0' logic below is poor and should be reworked--see:
https://lists.nongnu.org/archive/html/lmi/2019-02/msg00000.html
}}
-
<p>
PLEASE READ THE FOLLOWING IMPORTANT TAX DISCLOSURE
<br>
@@ -118,6 +121,7 @@ of the Internal Revenue Code and therefore
{{/IsMec}}
</p>
+<!-- PDF !! FnNotTaxAdvice -->
<p>
<b>
The information contained in this illustration is not written
diff --git a/reg_d_group_narr_summary2.mst b/reg_d_group_narr_summary2.mst
index 0c78c93..5db4034 100644
--- a/reg_d_group_narr_summary2.mst
+++ b/reg_d_group_narr_summary2.mst
@@ -29,6 +29,7 @@
{{GuarMortalityFootnote}}
</p>
+<!-- PDF !! LoanFootnote -->
<p>
The loan interest rate may be fixed or adjustable as elected
by the policy owner.
@@ -44,6 +45,7 @@ by the policy owner.
{{/UseExperienceRating}}
</p>
+<!-- PDF !! FnPpMemorandum -->
<p>
<b>
This illustration may only be used when preceded or accompanied
@@ -72,6 +74,7 @@ or sending money.
</p>
{{/HasWP}}
+<!-- PDF !! FnPartialMortality -->
{{#UsePartialMort}}
<p>
This illustration reflects an initial mortality assumption
@@ -80,6 +83,7 @@ or sending money.
</p>
{{/UsePartialMort}}
+<!-- PDF !! MortalityBlendFootnote -->
{{#GenderBlended}}
<p>
{{MortalityBlendFootnote}}
@@ -121,11 +125,13 @@ SEPARATE ACCOUNT
{{HypotheticalRatesFootnote}}
</p>
+<!-- PDF !! FnImf -->
<p>
This illustration is based on total Separate Account fund expenses
of {{TotalIMF[0]}}.
</p>
+<!-- PDF !! FnNotTaxAdvice -->
<p>
<b>
This illustration may not reflect your actual tax
@@ -135,6 +141,7 @@ tax penalties. Consult professional tax advisors for tax
advice.
</b>
</p>
+<!-- PDF !! PlacementAgentFootnote -->
<p>
Placement Agents:
{{CoUnderwriter}} serves as the
@@ -146,7 +153,6 @@ representatives of other broker-dealers that have entered
into
distribution agreements with
{{MainUnderwriter}}.
</p>
-
<p>
{{CoUnderwriter}} and
{{MainUnderwriter}} are
diff --git a/reg_d_indiv_cover_page.mst b/reg_d_indiv_cover_page.mst
index f6d7ff0..a425b1b 100644
--- a/reg_d_indiv_cover_page.mst
+++ b/reg_d_indiv_cover_page.mst
@@ -84,6 +84,7 @@ Date Prepared: {{DatePrepared}}
<font size="-1">
+<!-- PDF !! HypotheticalRatesFootnote -->
<p>
The purpose of this illustration is to show how hypothetical rates
of return will affect policy account value. These hypothetical
@@ -93,6 +94,7 @@ than the hypothetical rates and in all likelihood will vary
from
year to year.
</p>
+<!-- PDF !! FnProspectus -->
<p>
<b>
This material must be preceded or accompanied by the current
diff --git a/reg_d_indiv_header.mst b/reg_d_indiv_header.mst
index e2a9b05..1251c8e 100644
--- a/reg_d_indiv_header.mst
+++ b/reg_d_indiv_header.mst
@@ -36,6 +36,7 @@
<br></br>
<br></br>
+<!-- PDF !! HypotheticalRatesFootnote -->
The purpose of the Illustration is to show how the performance of the
underlying separate account divisions could affect the policy's
account values and death benefits. This Illustration is hypothetical
diff --git a/reg_d_indiv_notes1.mst b/reg_d_indiv_notes1.mst
index 7952108..d9e940e 100644
--- a/reg_d_indiv_notes1.mst
+++ b/reg_d_indiv_notes1.mst
@@ -32,6 +32,7 @@
<font size="+1"><b><u>The Illustration</u></b></font>
</p>
+<!-- PDF !! FnPpMemorandum -->
<p>
This illustration is not a policy or an offer or solicitation
to purchase a policy. Offers are made only through the
@@ -54,6 +55,7 @@ Confidential Private Placement Memorandum ("the PPM") for
{{PolicyMktgName}}.
<font size="+1"><b><u>The Policy</u></b></font>
</p>
+<!-- PDF !! FnPpAccreditedInvestor -->
<p>
<b>Policy Requirements:</b>
This policy is only available to persons who are deemed
@@ -133,6 +135,7 @@ willing to represent as such to {{InsCoShortName}}.
<b>Policy Year:</b> {{PolicyYearFootnote}}
</p>
+<!-- PDF !! FnPpLoads -->
<p>
<b>Premium Loads:</b> The applicable state premium tax, deferred acquisition
cost tax charge, sales load (if any), separate account administrative charge
@@ -162,12 +165,12 @@ money manager (if any).
<font size="+1"><b><u>Withdrawals and Policy Loans</u></b></font>
</p>
+<!-- PDF !! subsume the next paragraph into LoanAndWithdrawalFootnote -->
{{!
PDF !! 'MaxAnnCurrLoanDueRate': loan rate actually can vary by year,
so text should say that the fixed loan rate is "guaranteed never
to exceed" this value.
}}
-
<p>
If applicable, withdrawals and policy loans will appear on a
supplemental report at the end of the illustration. Withdrawals
diff --git a/reg_d_indiv_notes2.mst b/reg_d_indiv_notes2.mst
index a32c554..3d03f4a 100644
--- a/reg_d_indiv_notes2.mst
+++ b/reg_d_indiv_notes2.mst
@@ -32,6 +32,7 @@
<font size="+1"><b><u>Important Tax Disclosures</u></b></font>
</p>
+<!-- PDF !! FnDefnLifeIns -->
<p>
The definition of life insurance elected for this policy is
{{#DefnLifeInsIsGPT}}
@@ -45,6 +46,7 @@ The definition of life insurance elected for this policy is
{{/DefnLifeInsIsGPT}}
</p>
+<!-- PDF !! MecFootnote -->
<p>
The initial 7-pay premium limit is ${{InitSevenPayPrem}}.
As illustrated, this policy
@@ -67,13 +69,13 @@ of the Internal Revenue Code and therefore
to be retested and may result in the policy becoming a MEC.
{{/IsMec}}
</p>
-
<p>
If a policy is a MEC, withdrawals and policy loans are taxed to
the extent of any gain in the policy, and an additional penalty
tax may apply to the taxable portion of the distribution.
</p>
+<!-- PDF !! FnNotTaxAdvice -->
<p>
<b>
The information contained in this illustration is not written