Unbundled Annuities

COSS offers options for configuring annuities to better suit the client's needs and objectives. The options and calculations available when configuring the policy of a typical COSS annuity illustration will be highly customized to suit that annuity product's specifications, as well as carrier market objectives. The output illustrations may incorporate select feature/benefit pages. Carrier-defined business rules prevent inappropriate feature combinations. A full array of options is available, such as

	Stepped-up death benefit
	Enhanced earnings benefits (EEB)
	Guaranteed minimum income benefits (GMIB)
	Guaranteed minimum accumulation benefits (GMAB)