[lmi-commits] [lmi] master b099379 01/17: Move remaining "Fn" strings out of MFT into product files

[Greg Chicares]

branch: master
commit b099379ea0c4e1aa0e6a8549d96579e250ce543b
Author: Gregory W. Chicares <gchicares@sbcglobal.net>
Commit: Gregory W. Chicares <gchicares@sbcglobal.net>

    Move remaining "Fn" strings out of MFT into product files
---
 finra_notes1.mst              | 27 +++------------------------
 finra_notes2.mst              | 29 ++---------------------------
 ill_reg_narr_summary.mst      | 34 ++--------------------------------
 ill_reg_narr_summary2.mst     | 10 +---------
 reg_d_group_narr_summary.mst  | 34 +++-------------------------------
 reg_d_group_narr_summary2.mst | 27 +++------------------------
 reg_d_indiv_cover_page.mst    | 13 +------------
 reg_d_indiv_notes1.mst        | 15 ++-------------
 reg_d_indiv_notes2.mst        | 22 ++--------------------
 9 files changed, 19 insertions(+), 192 deletions(-)

diff --git a/finra_notes1.mst b/finra_notes1.mst
index a29464a..5afc694 100644
--- a/finra_notes1.mst
+++ b/finra_notes1.mst
@@ -57,16 +57,8 @@ and may also trigger a penalty tax.
     {{FnDacTax}}
 </p>
 
-<!-- PDF !! FnNotTaxAdvice -->
 <p>
-<b>
-The information contained in this illustration is not written
-or intended as tax or legal advice. Neither {{InsCoShortName}} its
-subsidiaries, employees or representatives are authorized to give tax
-or legal advice. For more information pertaining
-to the tax consequences of purchasing or owning this {{ContractName}},
-consult with your own independent tax or legal counsel.
-</b>
+    {{FnNotTaxAdvice}}
 </p>
 
 <br></br>
@@ -96,18 +88,8 @@ 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
-{{#DefnLifeInsIsGPT}}
-    guideline premium test. The guideline single premium is
-    ${{InitGSP}} and the guideline
-    level premium is ${{InitGLP}}.
-{{/DefnLifeInsIsGPT}}
-{{^DefnLifeInsIsGPT}}
-    cash value accumulation test.
-{{/DefnLifeInsIsGPT}}
+    {{FnDefnLifeIns}}
 </p>
 
 {{#DefnLifeInsIsGPT}}
@@ -123,11 +105,8 @@ 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
-of the year. {{MinimumPremiumFootnote}}
+    {{FnBoyEoy}}
 </p>
 
 </font>
diff --git a/finra_notes2.mst b/finra_notes2.mst
index ade424a..14a899c 100644
--- a/finra_notes2.mst
+++ b/finra_notes2.mst
@@ -160,36 +160,11 @@ The state of issue is {{StateOfJurisdiction}}.
 </p>
 
 {{^Composite}}
-<!-- PDF !! FnImf -->
-    <p>
-    This illustration is based on total Separate Account
-    fund expenses of {{TotalIMF[0]}}.
-    </p>
-    {{#AvgFund}}
-        <p>
-        Investment management fees are based on equal
-        initial allocations among the available funds.
-        </p>
-    {{/AvgFund}}
-    {{#CustomFund}}
-        <p>
-        Investment management fees are based on an initial allocation
-        of 100% to a custom fund selected by the purchaser.
-        </p>
-    {{/CustomFund}}
+    {{FnImf}}
 {{/Composite}}
 
-<!-- PDF !! FnProspectus -->
 <p>
-<b>
-This material must be preceded or accompanied by the current prospectus for the
-{{PolicyMktgName}} Insurance {{ContractName}} and the prospectuses (or summary
-prospectuses, if available) for its underlying investment choices. Before
-purchasing a {{ContractName}}, you should carefully consider the investment
-objectives, risks, charges and expenses of the {{ContractName}} and its
-underlying investment choices. Please read the prospectuses carefully before
-investing or sending money.
-</b>
+    <b>{{FnProspectus}}</b>
 </p>
 
 <p>
diff --git a/ill_reg_narr_summary.mst b/ill_reg_narr_summary.mst
index 5f9b89d..c9b168c 100644
--- a/ill_reg_narr_summary.mst
+++ b/ill_reg_narr_summary.mst
@@ -42,27 +42,7 @@
 </p>
 
 <p>
-{{!
-    PDF !! This premium-mode footnote is misleading:
-      - mode may vary by year, but only initial mode is shown
-      - ee and er modes may differ, but only er mode is shown
-}}
-
-<!-- PDF !! FnBoyEoy -->
-{{^SinglePremium}}
-    Premiums are assumed to be paid on
-    {{InitErModeWithIndefiniteArticle}}
-    basis and received at the beginning of the premium paying period.
-{{/SinglePremium}}
-{{#SinglePremium}}
-    The single premium is assumed to be paid at the beginning
-    of the {{ContractName}} year.
-{{/SinglePremium}}
-
-{{AvName}} Values, {{CsvName}} Values,
-and death benefits are illustrated as of the end
-of the {{ContractName}} year. The method we use to allocate
-overhead expenses is the fully allocated expense method.
+    {{FnBoyEoy}}
 </p>
 
 {{^SinglePremium}}
@@ -117,18 +97,8 @@ a spread, guaranteed not to exceed {{MaxAnnGuarLoanSpread}}.
     </p>
 {{/HasADD}}
 
-<!-- PDF !! FnDefnLifeIns -->
 <p>
-The definition of life insurance for this {{ContractName}} is the
-{{#DefnLifeInsIsGPT}}
-    guideline premium test. The guideline single premium
-    is ${{InitGSP}}
-    and the guideline level premium
-    is ${{InitGLP}}
-{{/DefnLifeInsIsGPT}}
-{{^DefnLifeInsIsGPT}}
-    cash value accumulation test.
-{{/DefnLifeInsIsGPT}}
+    {{FnDefnLifeIns}}
 </p>
 
 <p>
diff --git a/ill_reg_narr_summary2.mst b/ill_reg_narr_summary2.mst
index 56bb3b1..7017026 100644
--- a/ill_reg_narr_summary2.mst
+++ b/ill_reg_narr_summary2.mst
@@ -168,16 +168,8 @@ and may also trigger a penalty tax.
     {{/IsInforce}}
 {{/SinglePremium}}
 
-<!-- PDF !! FnNotTaxAdvice -->
 <p>
-<b>
-The information contained in this illustration is not written
-or intended as tax or legal advice. Neither {{InsCoShortName}} its
-subsidiaries, employees or representatives are authorized to give tax
-or legal advice. For more information pertaining
-to the tax consequences of purchasing or owning this {{ContractName}},
-consult with your own independent tax or legal counsel.
-</b>
+    {{FnNotTaxAdvice}}
 </p>
 
 </font>
diff --git a/reg_d_group_narr_summary.mst b/reg_d_group_narr_summary.mst
index 598fdd7..a912623 100644
--- a/reg_d_group_narr_summary.mst
+++ b/reg_d_group_narr_summary.mst
@@ -38,36 +38,16 @@
     {{FnInitialDbo}}
 </p>
 
-<!-- PDF !! FnPpAccreditedInvestor -->
 <p>
-This policy is only available to entities that meet the definition
-of "accredited investor" or "qualified purchaser" under applicable
-Federal securities laws.  Purchase of this policy is suitable
-only for entities of substantial economic means. Each prospective
-purchaser will be required to represent that it is familiar
-with and understands the fundamental risks and financial hazards
-of purchasing the policy. Each prospective purchaser must
-also represent that it meets minimum financial and other
-suitability standards.
+    {{FnPpAccreditedInvestor}}
 </p>
 
 <p>
 {{NoVanishPremiumFootnote}}
 </p>
 
-<!-- PDF !! FnDefnLifeIns -->
 <p>
-The definition of life insurance elected for this contract
-is the
-{{#DefnLifeInsIsGPT}}
-    guideline premium test. The guideline single premium
-    is ${{InitGSP}}
-    and the guideline level premium
-    is ${{InitGLP}}.
-{{/DefnLifeInsIsGPT}}
-{{^DefnLifeInsIsGPT}}
-    cash value accumulation test.
-{{/DefnLifeInsIsGPT}}
+    {{FnDefnLifeIns}}
 </p>
 
 <p>
@@ -120,14 +100,6 @@ of the Internal Revenue Code and therefore
 {{/IsMec}}
 </p>
 
-<!-- PDF !! FnNotTaxAdvice -->
 <p>
-<b>
-The information contained in this illustration is not written
-or intended as tax or legal advice. Neither {{InsCoShortName}} its
-subsidiaries, employees or representatives are authorized to give tax
-or legal advice. For more information pertaining
-to the tax consequences of purchasing or owning this {{ContractName}},
-consult with your own independent tax or legal counsel.
-</b>
+    {{FnNotTaxAdvice}}
 </p>
diff --git a/reg_d_group_narr_summary2.mst b/reg_d_group_narr_summary2.mst
index bf35e3a..b0fd597 100644
--- a/reg_d_group_narr_summary2.mst
+++ b/reg_d_group_narr_summary2.mst
@@ -45,21 +45,8 @@ by the policy owner.
 {{/UseExperienceRating}}
 </p>
 
-<!-- PDF !! FnPpMemorandum -->
 <p>
-<b>
-This illustration may only be used when preceded or accompanied
-by the offering memorandum for {{PolicyLegalName}} ({{PolicyMktgName}})
-insurance contract and its underlying investment choices.
-For a complete listing of the underlying investment choices,
-please refer to the offering memorandum. Before purchasing
-a variable life insurance contract, investors should
-carefully consider the investment objectives, risks, charges
-and expenses of the variable life insurance contract
-and its underlying investment choices. Please read
-the offering memorandum carefully before investing
-or sending money.
-</b>
+    <b>{{FnPpMemorandum}}</b>
 </p>
 
 {{#HasTerm}}
@@ -120,20 +107,12 @@ SEPARATE ACCOUNT
 {{HypotheticalRatesFootnote}}
 </p>
 
-<!-- PDF !! FnImf -->
 <p>
-This illustration is based on total Separate Account fund expenses
-of {{TotalIMF[0]}}.
+    {{FnImf}}
 </p>
 
-<!-- PDF !! FnNotTaxAdvice -->
 <p>
-<b>
-This illustration may not reflect your actual tax
-and accounting consequences and is not intended as tax advice
-nor may it be relied on for purposes of avoiding any federal
-tax penalties. Consult professional tax advisors for tax advice.
-</b>
+    {{FnNotTaxAdvice}}
 </p>
 
 <!-- PDF !! PlacementAgentFootnote -->
diff --git a/reg_d_indiv_cover_page.mst b/reg_d_indiv_cover_page.mst
index 8a09bd0..d04b6ab 100644
--- a/reg_d_indiv_cover_page.mst
+++ b/reg_d_indiv_cover_page.mst
@@ -94,19 +94,8 @@ 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
-Confidential Private Placement Memorandum for {{PolicyMktgName}}
-and the current prospectuses (or summary prospectuses,
-if available) and private placement memoranda
-for its underlying investment choices. Investors should
-carefully consider the investment objectives, risks,
-charges and expenses of the policy and its underlying investment
-choices. Please read the prospectuses and private placement
-memoranda carefully before investing or sending money.
-</b>
+    <b>{{FnProspectus}}</b>
 </p>
 
 <p>
diff --git a/reg_d_indiv_notes1.mst b/reg_d_indiv_notes1.mst
index fa03479..c506510 100644
--- a/reg_d_indiv_notes1.mst
+++ b/reg_d_indiv_notes1.mst
@@ -32,11 +32,8 @@
 <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
-Confidential Private Placement Memorandum ("the PPM") for {{PolicyMktgName}}.
+    {{FnPpMemorandum}}
 </p>
 
 <p>
@@ -55,16 +52,8 @@ 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
-accredited investors and qualified purchasers under applicable
-federal securities laws. The policy owner must be able to bear
-the risk of loss of the entire investment in the policy. The
-policy owner must be familiar with and understand the fundamental
-risks and financial hazards of investing in the policy, and be
-willing to represent as such to {{InsCoShortName}}.
+    {{FnPpAccreditedInvestor}}
 </p>
 
 <p>
diff --git a/reg_d_indiv_notes2.mst b/reg_d_indiv_notes2.mst
index 120d305..b19f33f 100644
--- a/reg_d_indiv_notes2.mst
+++ b/reg_d_indiv_notes2.mst
@@ -32,18 +32,8 @@
 <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}}
-    the guideline premium test. The guideline single premium
-    is ${{InitGSP}}
-    and the guideline level premium
-    is ${{InitGLP}}.
-{{/DefnLifeInsIsGPT}}
-{{^DefnLifeInsIsGPT}}
-    the cash value accumulation test.
-{{/DefnLifeInsIsGPT}}
+    {{FnDefnLifeIns}}
 </p>
 
 <!-- PDF !! MecFootnote -->
@@ -75,16 +65,8 @@ 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
-or intended as tax or legal advice. Neither {{InsCoShortName}} its
-subsidiaries, employees or representatives are authorized to give tax
-or legal advice. For more information pertaining
-to the tax consequences of purchasing or owning this {{ContractName}},
-consult with your own independent tax or legal counsel.
-</b>
+    {{FnNotTaxAdvice}}
 </p>
 
 {{^IsInforce}}