What we mean by “Live Only” refers to the history of the Index. An Index has a launch date. We categorize an Index to be “Live Only” if it has a launch date at least 10 years ago. We do track Indices that have a launch date that is not at least 10 years ago. We can do this if the Index is a “Rules-Based” Index, meaning the management of the components inside the Index are based upon, and strictly followed, by these rules. There is no human interference. The Index Providers will run historical back-tests that include applying these rules prior to the Index’s launch date.
If you have a client that only wants to have Indices in his/her Fixed Indexed Annuity that are truly “Live Only”, you can order a list from your FMO showing this. We signal an Index that does not have a launch date at least 10 years ago by placing an asterisk next to the Index on our lists. A “Live Only” lest will not have any asterisks.
Call your FMO and ask them to run a “Live Only” list. You will have to give them all the other sort options such as: State, Carriers, Products, Term, Reset Periods etc..
Below is an example of a “Live Only” list:
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