Quick Reference
The average annuity charges you 1.35% of your assets every year (Morningstar 12/31/06). The majority of that money goes to pay the commissioned salespeople that sell most variable annuities.
Trading Overview
Monument Advisor provides an electronic transaction platform that simplifies asset allocation and mass transactions. This section reviews what you need to know about trading funds in Monument Advisor, including the features of the transaction platform and our trading guidelines.
Electronic Trading
Providing online portfolio management tools is nothing new. But offering online tools that make managing variable annuity accounts this easy is certainly newsworthy. Jefferson National's secure site offers a Web-based contract management system that makes online trading a snap.
You can perform a host of activities—from creating and customizing asset allocation models to researching past account history and monitoring ongoing performance of your VA account.
- Manage accounts online: Review entire account history online, including contract value, subaccount balances, contract statements and transaction confirmations.
- Perform transactions: Move assets from one fund to another with just a few clicks.
- Customize asset allocation models: Build, change and fully automate your own investment allocation models; use "model trading", or mass transactions, to simplify trading multiple funds simultaneously.
Transfers
Monument Advisor allows you to transfer money between funds at no cost, as long as you follow our rules (and those of our fund partners) against excessive trading. With the exception of the money market funds and certain other tradeable funds, we prohibit all round-trip trades within a seven day period. In addition, some of the funds on our platform prohibit round-trip trades within 30, 60 or 90 days. Our transactional site provides information on the different holding periods required for each fund on the fund transfers screen. Note that in addition to limitations imposed by our fund partners, we reserve the right to prevent transfers that we or our fund partners believe represent market timing activity.
Trading Deadlines
Trades received prior to 4:00 will be processed on the same business day. Certain Rydex funds have earlier trading deadlines as does the DireXion Dynamic VP HY Bond Fund. Our transaction site provides information on these exceptions on the fund transfers screen.
Trade Monitoring Rules
Read our Trade Monitoring Rules FAQ for more about our trading policies.
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An investor should carefully consider the investment objectives, risks, charges and expenses of the investment before investing or sending money. For a prospectus containing this and additional information, please contact your financial professional. Read it carefully before investing. The summary of product features is not intended to be all-inclusive. Restrictions may apply. The contracts have exclusions and limitations, and may not be available in all states or at all times.
Variable annuities are investments subject to market fluctuation and risk, including possible loss of principal. Your units, when you make a withdrawal or surrender, may be worth more or less than your original investment.
Variable annuities are long-term investments to help you meet retirement and other long-range goals. Withdrawal of tax-deferred accumulations are subject to ordinary income tax. Withdrawals made prior to age 59 ½ may incur a 10% IRS tax penalty. Jefferson National does not offer tax advice. Annuities are not deposits or obligations of, or guaranteed by any bank, nor are they FDIC insured.
Monument Advisor is issued by Jefferson National Life Insurance Company (Dallas, TX) and distributed by Jefferson National Securities Corporation, FINRA member. Policy series JNL-2300-1, JNL-2300-2.
Form #: JEF-tradingplatform-20061207