Minimum Additional Purchase

Listed for both qualified and non-qualified accounts (as denoted by Q, and NQ), minimum additional purchase indicates the amount required to make subsequent investments in the contract. Typically, the minimum additional purchase for a contract will differ for qualified and nonqualified accounts.

Benefits

The qualified additional purchase amount may not always apply to specialized plans such as IRAs, payroll-deduction plans, government-allotment plans, and deferred-compensation plans. Moreover, many Variable Annuity sponsors will accept a much lower minimum additional purchase amount than is stated if the investor participates in a dollar-cost-averaging plan.

Origin

This information is taken directly from the insurance contract's prospectus.