How much does the PRFS cost?
The building blocks for the PRFS include no-load, institutional stock and bond mutual funds, fixed annuities (split, immediate and deferred), life insurance (for spousal income replacement) and various permutations of short and long term health care coverages. The annuity, life and health building blocks carry a commission, which is not deducted from your account. For assets managed in the PRFS Portfolio an annual management fee is charged based on the size of the assets under management. Usually the fee is less than you are paying now and you may be able to deduct a portion of the annual fee payment. Our annual fee structure is very competitive with the market. Are there any guarantees in the PRFS? Some of the strategys investment building blocks have both principal and interest guarantees. Other building blocks are stock and bond mutual funds and thus carry no principal or return guarantees whatsoever. How much of your program is guaranteed depends on your choice of building blocks.
