Listed for both qualified and non-qualified accounts (as denoted by Q, and NQ), this is the minimum dollar amount required to invest in a variable-annuity contract. Typically, the minimum amount to purchase a contract will differ for qualified and nonqualified accounts.
Benefits
The qualified initial 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 initial 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.