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The Paramount Life Administration Fee is unique in that it is dependent on the value of your investment account and your income draw relative to your Paramount Life Guaranteed Annuity Index Rate.
The Administration Fee is expressed as a percentage of the income drawn from the Investment Account.
The use of the Behavioural Matrix ensures that there is minimal cross subsidisation between different annuitants related to the administration of each policy.
Additionally through the discounts related to the advised income draw annuitants are able to target long term sustainable income and be rewarded for their