Webmanage the risks and pay the promised benefits. Contingent deferred annuities highlight the general need for a demonstrated understanding of the risks created by these … WebFeb 24, 2024 · Contingent Deferred Sales Charge (CDSC) is a fee that mutual funds and other investment products may charge investors for selling shares within a certain period of time after purchase. This fee, also known as a “back-end load,” is calculated as a percentage of the value of the shares being sold and is deducted from the proceeds of …
Understanding Contingent Deferred Sales Charge (CDSC)
WebVariable annuity contracts with no up-front or contingent deferred sales charges, which offer full liquidity to contract holders at any time Cash Refund Annuity An annuity settlement payment, which provides that upon the death of the annuitant before payments totaling the purchase price have been made, the excess will be paid in one sum to ... WebSep 29, 2024 · The presence of the contingent deferred sales charges means that the investor must pay a $400 fee upon the sale of the investment ($10,000 x .04). … the liberty centre
Back-End Load Definition - Investopedia
WebContingent deferred sales charge (CDSC) If you withdraw money from an annuity contract or surrender the contract within a certain period of time after investing, the … WebA contingent deferred sales charge is a declining sales charge and is associated with Class B shares. Many annuity contracts also have contingent deferred sales charges. CDSCs must be considered when a registered person recommends for a client to move assets from one fund/contract to another. WebNov 13, 2024 · We begin with surrender charges or, more formally, contingent deferred sales charges. FIAs are meant to serve as long-term tools and surrender charges help … tibor\u0027s meats cleveland ohio