[lmi-commits] [lmi] master 5c8e544 2/2: Move uniform "Fn" strings out of MFT into product files

[Greg Chicares]

branch: master
commit 5c8e5442fb98ab950557c700a70a13d820cfe933
Author: Gregory W. Chicares <gchicares@sbcglobal.net>
Commit: Gregory W. Chicares <gchicares@sbcglobal.net>

    Move uniform "Fn" strings out of MFT into product files
    
    Others vary by product, and are thus more complicated; they'll be dealt
    with soon.
---
 finra_notes1.mst             |  5 +---
 finra_notes2.mst             | 36 ++---------------------
 ill_reg_narr_summary.mst     | 28 ++++--------------
 ill_reg_narr_summary2.mst    | 70 +++-----------------------------------------
 reg_d_group_narr_summary.mst |  3 +-
 reg_d_indiv_notes1.mst       |  6 +---
 6 files changed, 14 insertions(+), 134 deletions(-)

diff --git a/finra_notes1.mst b/finra_notes1.mst
index b14687d..a29464a 100644
--- a/finra_notes1.mst
+++ b/finra_notes1.mst
@@ -53,11 +53,8 @@ and may also trigger a penalty tax.
     </p>
 {{/IsInforce}}
 
-<!-- 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.
+    {{FnDacTax}}
 </p>
 
 <!-- PDF !! FnNotTaxAdvice -->
diff --git a/finra_notes2.mst b/finra_notes2.mst
index 7a5599c..ade424a 100644
--- a/finra_notes2.mst
+++ b/finra_notes2.mst
@@ -138,36 +138,9 @@ The state of issue is {{StateOfJurisdiction}}.
 </p>
 
 {{#IsInforce}}
-<!-- PDF !! Combine FnInforceAcctVal and FnInforceTaxBasis -->
     <p>
-    This illustration assumes a beginning account value of
-    ${{InforceTotalAV}},
-    and a beginning cost basis of
-    ${{InforceTaxBasis}},
-    based on the last monthly calculation date,
-    {{InforceAsOfDate}}.
-    The current account value and cost basis may be higher or lower.
-    Consult the Home Office if you require further information.
+    {{FnInforceAcctVal}}
     </p>
-<!--
-  PDF !! THESE ARE TO BE COMBINED:
-  PDF !! FnInforceAcctVal
-    <p>
-    This illustration assumes a beginning account value of
-    ${{InforceTotalAV}}
-    as of {{InforceAsOfDate}},
-    the end of the last completed {{ContractName}} month.
-    </p>
-  PDF !! FnInforceTaxBasis
-    <p>
-    This illustration assumes a beginning cost basis of
-    ${{InforceTaxBasis}}
-    as of {{InforceAsOfDate}},
-    the end of the last completed {{ContractName}} month;
-    the actual cost basis may be higher or lower.
-    Consult the Home Office for cost basis information.
-    </p>
--->
 {{/IsInforce}}
 
 {{#CallGuarUwSubstd}}
@@ -176,13 +149,8 @@ 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
-{{InitAnnGenAcctInt_Guaranteed}}.
-Guarantees are based on the claims-paying ability of the
-issuing company or companies.
+    {{FnGeneralAccount}}
 </p>
 
 <p align="center"><b>SEPARATE ACCOUNT</b></p>
diff --git a/ill_reg_narr_summary.mst b/ill_reg_narr_summary.mst
index 2200a99..5f9b89d 100644
--- a/ill_reg_narr_summary.mst
+++ b/ill_reg_narr_summary.mst
@@ -31,15 +31,9 @@
 {{ProductDescription}}
 </p>
 
-<!-- PDF !! FnProposalUnderwriting -->
 {{^IsInforce}}
     <p>
-    Coverage may be available on a Guaranteed Standard Issue basis.
-    All proposals are based on case characteristics and must
-    be approved by the {{InsCoShortName}}
-    Home Office. For details regarding underwriting
-    and coverage limitations refer to your offer letter
-    or contact your {{InsCoShortName}} representative.
+    {{FnProposalUnderwriting}}
     </p>
 {{/IsInforce}}
 
@@ -71,19 +65,10 @@ 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}},
-    {{InitEeModeWithIndefiniteArticle}}
-    premium of ${{GuarPrem}} must be paid.
-    This amount is based on the guaranteed monthly charges
-    and the guaranteed interest crediting rate.
-    {{#DefnLifeInsIsGPT}}
-    This premium may be in excess of the maximum premium allowable
-    in order to qualify this {{ContractName}} as life insurance.
-    {{/DefnLifeInsIsGPT}}
-    </p>
+<p>
+    {{FnGuaranteedPremium}}
+</p>
 {{/SinglePremium}}
 
 <!-- PDF !! LoanFootnote -->
@@ -146,11 +131,8 @@ 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
-and values set forth in the illustration are not guaranteed.
+    {{FnOmnibusDisclaimer}}
 </p>
 
 <p>
diff --git a/ill_reg_narr_summary2.mst b/ill_reg_narr_summary2.mst
index 384ae82..56bb3b1 100644
--- a/ill_reg_narr_summary2.mst
+++ b/ill_reg_narr_summary2.mst
@@ -75,53 +75,19 @@ 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
-Amount reductions assumed in this illustration (if any) are shown
-in the Tabular Detail.
+    {{FnInitialSpecAmt}}
 </p>
 
 {{#IsInforce}}
-<!-- PDF !! Combine FnInforceAcctVal and FnInforceTaxBasis -->
     <p>
-    This illustration assumes a beginning account value of
-    ${{InforceTotalAV}},
-    and a beginning cost basis of
-    ${{InforceTaxBasis}},
-    based on the last monthly calculation date,
-    {{InforceAsOfDate}}.
-    The current account value and cost basis may be higher or lower.
-    Consult the Home Office if you require further information.
+    {{FnInforceAcctVal}}
     </p>
-<!--
-  PDF !! THESE ARE TO BE COMBINED:
-  PDF !! FnInforceAcctVal
-    <p>
-    This illustration assumes a beginning account value of
-    ${{InforceTotalAV}}
-    as of {{InforceAsOfDate}},
-    the end of the last completed {{ContractName}} month.
-    </p>
-  PDF !! FnInforceTaxBasis
-    <p>
-    This illustration assumes a beginning cost basis of
-    ${{InforceTaxBasis}}
-    as of {{InforceAsOfDate}},
-    the end of the last completed {{ContractName}} month;
-    the actual cost basis may be higher or lower.
-    Consult the Home Office for cost basis information.
-    </p>
--->
 {{/IsInforce}}
 
-<!-- PDF !! FnCensus -->
-<!-- There is no "attached census". -->
 {{#Composite}}
     <p>
-    Please see the attached census, listing the face amounts,
-    underwriting classes and issue ages for individual participants.
+    {{FnCensus}}
     </p>
 {{/Composite}}
 
@@ -133,37 +99,9 @@ in the Tabular Detail.
     <p>{{GuarIssueDisclaimerMd}}</p>
 {{/StateIsMaryland}}
 
-<!-- PDF !! Fn1035Charge -->
 {{#Has1035ExchCharge}}
     <p>
-    {{^SinglePremium}}
-        Upon surrender of this {{ContractName}}, where the surrender
-        proceeds are intended to be applied to an insurance policy
-        or certificate issued in conjunction with an intent
-        to qualify the exchange as a tax free exchange
-        under Section 1035 of the Internal Revenue Code,
-        we may assess an Exchange Charge. The Exchange Charge
-        is the greater of the Market Value Adjustment Charge
-        and the Percentage of Premium Charge. In the states
-        of Florida or Indiana, the Exchange charge
-        (referred to as Assignment Charge in Florida)
-        will be the Percentage of Premium Charge only.
-        The Exchange Charge will potentially reduce
-        the surrender proceeds, but will never increase
-        the surrender proceeds. Please refer to your {{ContractName}}
-        for details.
-    {{/SinglePremium}}
-    {{#SinglePremium}}
-        Upon surrender of this {{ContractName}}, where the surrender proceeds
-        are intended to be applied to an insurance policy
-        or certificate issued in conjunction with an intent
-        to qualify the exchange as a tax free exchange
-        under Section 1035 of the Internal Revenue Code (1035
-        Exchange), we may assess an Exchange Charge. The Exchange
-        Charge will potentially reduce the surrender proceeds,
-        but will never increase the surrender proceeds.
-        Please refer to your {{ContractName}} for details.
-    {{/SinglePremium}}
+    {{Fn1035Charge}}
     </p>
 {{/Has1035ExchCharge}}
 
diff --git a/reg_d_group_narr_summary.mst b/reg_d_group_narr_summary.mst
index 4d02446..598fdd7 100644
--- a/reg_d_group_narr_summary.mst
+++ b/reg_d_group_narr_summary.mst
@@ -34,9 +34,8 @@
 <u>Stable Value Feature</u>&nbsp;{{StableValueFootnote}}
 </p>
 
-<!-- PDF !! FnInitialDbo -->
 <p>
-This illustration assumes Initial Death Benefit Option {{InitDBOpt}}.
+    {{FnInitialDbo}}
 </p>
 
 <!-- PDF !! FnPpAccreditedInvestor -->
diff --git a/reg_d_indiv_notes1.mst b/reg_d_indiv_notes1.mst
index 8d7db3a..fa03479 100644
--- a/reg_d_indiv_notes1.mst
+++ b/reg_d_indiv_notes1.mst
@@ -135,12 +135,8 @@ willing to represent as such to {{InsCoShortName}}.
 <b>Policy Year:</b> &nbsp; {{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
-(if any), and other charges incurred as a result of retaining an unaffiliated
-money manager (if any).
+<b>Premium Loads:</b> &nbsp; {{FnPpLoads}}
 </p>
 
 <p>