[lmi-commits] [lmi] master 2d93248 118/156: Add the rest of group private placement illustration pages

[Greg Chicares]

branch: master
commit 2d932481b25813fcb136753160539c074189dec1
Author: Vadim Zeitlin <address@hidden>
Commit: Vadim Zeitlin <address@hidden>

    Add the rest of group private placement illustration pages
    
    This is mostly straightforward and just required adding one new
    "MecYearIs0" variable.
---
 ledger_pdf_generator_wx.cpp             |  11 +++
 reg_d_group_column_headings.mustache    |  35 ++++++++
 reg_d_group_header.mustache             |   9 ++
 reg_d_group_narrative_summary.mustache  | 102 +++++++++++++++++++++++
 reg_d_group_narrative_summary2.mustache | 140 ++++++++++++++++++++++++++++++++
 5 files changed, 297 insertions(+)

diff --git a/ledger_pdf_generator_wx.cpp b/ledger_pdf_generator_wx.cpp
index 93c62a9..cd889f3 100644
--- a/ledger_pdf_generator_wx.cpp
+++ b/ledger_pdf_generator_wx.cpp
@@ -2417,9 +2417,20 @@ class pdf_illustration_reg_d_group : public 
pdf_illustration
         )
         :pdf_illustration(ledger, output)
     {
+        // Define variables specific to this illustration.
+        auto const& invar = ledger.GetLedgerInvariant();
+
+        add_variable
+            ("MecYearIs0"
+            ,invar.MecYear == 0
+            );
+
         // Add all the pages.
         add<cover_page>();
         add<reg_d_group_basic>();
+        add<standard_page>("reg_d_group_column_headings");
+        add<standard_page>("reg_d_group_narrative_summary");
+        add<standard_page>("reg_d_group_narrative_summary2");
     }
 
     std::string get_upper_footer_template_name() const override
diff --git a/reg_d_group_column_headings.mustache 
b/reg_d_group_column_headings.mustache
new file mode 100644
index 0000000..485d4c0
--- /dev/null
+++ b/reg_d_group_column_headings.mustache
@@ -0,0 +1,35 @@
+{{>reg_d_group_header}}
+
+<p align="center"><b>Column Definitions</b></p>
+
+<p>
+<b>Policy Year</b>
+<br>
+{{PolicyYearFootnote}}
+</p>
+
+{{^Composite}}
+    <p>
+    <b>End of Year Age</b>
+    <br>
+    {{AttainedAgeFootnote}}
+    </p>
+{{/Composite}}
+
+<p>
+<b>Premium Outlay</b>
+<br>
+{{OutlayFootnote}}
+</p>
+
+<p>
+<b>Cash Surrender Value</b>
+<br>
+{{CashSurrValueFootnote}}
+</p>
+
+<p>
+<b>Death Benefit</b>
+<br>
+{{DeathBenefitFootnote}}
+</p>
diff --git a/reg_d_group_header.mustache b/reg_d_group_header.mustache
new file mode 100644
index 0000000..193d0a0
--- /dev/null
+++ b/reg_d_group_header.mustache
@@ -0,0 +1,9 @@
+{{!
+    The header is split in two parts, upper and lower one, only to allow
+    inserting the title between them, as a couple of pages do. But we still
+    provide this "full header" template for the pages that don't have any
+    title to make them simpler.
+ }}
+{{>reg_d_group_header_upper}}
+<br></br>
+{{>reg_d_group_header_lower}}
diff --git a/reg_d_group_narrative_summary.mustache 
b/reg_d_group_narrative_summary.mustache
new file mode 100644
index 0000000..15f8d2d
--- /dev/null
+++ b/reg_d_group_narrative_summary.mustache
@@ -0,0 +1,102 @@
+{{>reg_d_group_header_upper}}
+<p align="center">Narrative Summary</p>
+{{>reg_d_group_header_lower}}
+
+<p>
+{{PolicyMktgName}} is a {{PolicyLegalName}} issued by {{InsCoName}}.
+{{ProductDescription}}
+</p>
+
+<p>
+<u>Stable Value Feature</u>&nbsp;{{StableValueFootnote}}
+</p>
+
+<p>
+This illustration assumes Initial Death Benefit Option {{InitDBOpt}}.
+</p>
+
+<p>
+This policy is only available to entities that meet the definition
+of "accredited investor" or "qualified purchaser" under applicable
+Federal securities laws.  Purchase of this policy is suitable
+only for entities of substantial economic means. Each prospective
+purchaser will be required to represent that it is familiar
+with and understands the fundamental risks and financial hazards
+of purchasing the policy. Each prospective purchaser must
+also represent that it meets minimum financial and other
+suitability standards.
+</p>
+
+<p>
+{{NoVanishPremiumFootnote}}
+</p>
+
+<p>
+The definition of life insurance elected for this contract
+is the
+{{#DefnLifeInsIsGPT}}
+    guideline premium test. The guideline single premium
+    is ${{InitGSP}}
+    and the guideline level premium
+    is ${{InitGLP}}.
+{{/DefnLifeInsIsGPT}}
+{{^DefnLifeInsIsGPT}}
+    cash value accumulation test.
+{{/DefnLifeInsIsGPT}}
+</p>
+
+<p>
+{{InsCoName}}
+{{RejectPremiumFootnote}}
+</p>
+
+<p>
+Account values, cash surrender values, and death benefits
+are illustrated as of the end of the year.
+</p>
+
+<p>
+PLEASE READ THE FOLLOWING IMPORTANT TAX DISCLOSURE
+<br>
+The initial 7-pay premium limit is ${{InitSevenPayPrem}}.
+As illustrated, this contract
+{{#IsMec}}
+    fails
+{{/IsMec}}
+{{^IsMec}}
+    passes
+{{/IsMec}}
+the seven-pay test defined in Section 7702A
+of the Internal Revenue Code and therefore
+{{#IsMec}}
+    {{^MecYearIs0}}
+        becomes a Modified Endowment Contract (MEC) in policy year
+        {{MecYearPlus1}}.
+    {{/MecYearIs0}}
+    {{#MecYearIs0}}
+        is a Modified Endowment Contract (MEC).
+    {{/MecYearIs0}}
+    As a MEC, any loans or withdrawals are taxed to the extent
+    of any gain in the contract, and an additional 10% penalty
+    tax will apply to the taxable portion of the loan
+    or withdrawal.
+{{/IsMec}}
+{{^IsMec}}
+    is not a Modified Endowment Contract (MEC).
+    Subsequent changes in the contract, including but not limited
+    to increases and decreases in premiums or benefits, may cause
+    the contract to be retested and may result in the contract
+    becoming a MEC.
+{{/IsMec}}
+</p>
+
+<p>
+<b>
+This illustration is not written or intended as tax
+or legal advice and may not be relied on for purposes
+of avoiding any federal tax penalties. For more information
+pertaining to the tax consequences of purchasing
+or owning this policy, consult with your own independent tax
+or legal counsel.
+</b>
+</p>
diff --git a/reg_d_group_narrative_summary2.mustache 
b/reg_d_group_narrative_summary2.mustache
new file mode 100644
index 0000000..01ca25b
--- /dev/null
+++ b/reg_d_group_narrative_summary2.mustache
@@ -0,0 +1,140 @@
+{{>reg_d_group_header_upper}}
+<p align="center">Narrative Summary</p>
+{{>reg_d_group_header_lower}}
+
+<p>
+{{GuarMortalityFootnote}}
+</p>
+
+<p>
+The loan interest rate may be fixed or adjustable as elected
+by the policy owner.
+</p>
+
+<p>
+{{#UseExperienceRating}}
+    {{ExpRatingFootnote}}
+{{/UseExperienceRating}}
+{{^UseExperienceRating}}
+    The illustration does not assume any mortality
+    experience rating.
+{{/UseExperienceRating}}
+</p>
+
+<p>
+<b>
+This illustration may only be used when preceded or accompanied
+by the offering memorandum for {{PolicyLegalName}} ({{PolicyMktgName}})
+insurance contract and its underlying investment choices.
+For a complete listing of the underlying investment choices,
+please refer to the offering memorandum. Before purchasing
+a variable life insurance contract, investors should
+carefully consider the investment objectives, risks, charges
+and expenses of the variable life insurance contract
+and its underlying investment choices. Please read
+the offering memorandum carefully before investing
+or sending money.
+</b>
+</p>
+
+{{#HasTerm}}
+    <p>
+    {{TermFootnote}}
+    </p>
+{{/HasTerm}}
+
+{{#HasWP}}
+    <p>
+    {{WaiverFootnote}}
+    </p>
+{{/HasWP}}
+
+{{#UsePartialMort}}
+    <p>
+    This illustration reflects an initial mortality assumption
+    of {{PartMortTableMult[1]}} of the {{PartMortTableName}} table
+    with all deaths at the end of the year.
+    </p>
+{{/UsePartialMort}}
+
+{{#GenderBlended}}
+    <p>
+    {{MortalityBlendFootnote}}
+    Custom blend assumptions:
+    {{#SmokerBlended}}
+        tobacco = {{SmokerPct}};
+    {{/SmokerBlended}}
+    {{^SmokerBlended}}
+        no blending by tobacco use;
+    {{/SmokerBlended}}
+    male = {{MalePct}}.
+    </p>
+{{/GenderBlended}}
+{{^GenderBlended}}
+    {{#SmokerBlended}}
+        <p>
+        {{MortalityBlendFootnote}}
+        Custom blend assumptions:
+        tobacco = {{SmokerPct}};
+        {{#GenderBlended}}
+            male = {{MalePct}}.
+        {{/GenderBlended}}
+        {{^GenderBlended}}
+            no blending by gender.
+        {{/GenderBlended}}
+      </p>
+    {{/SmokerBlended}}
+{{/GenderBlended}}
+
+<p>
+The state of issue is {{StatePostalAbbrev}}.
+</p>
+
+{{#HasComplianceTrackingNumber}}
+    <p>
+    Compliance tracking number: {{>compliance_tracking_number}}
+    </p>
+{{/HasComplianceTrackingNumber}}
+
+<p>
+SEPARATE ACCOUNT
+</p>
+
+<p>
+{{HypotheticalRatesFootnote}}
+</p>
+
+<p>
+This illustration is based on total Separate Account fund expenses
+of {{TotalIMF[1]}}.
+</p>
+
+<p>
+<b>
+This illustration may not reflect your actual tax
+and accounting consequences and is not intended as tax advice
+nor may it be relied on for purposes of avoiding any federal
+tax penalties. Consult professional tax advisors for tax advice.
+</b>
+</p>
+
+<p>
+Placement Agents:
+{{CoUnderwriter}} serves as the
+placement agent for contracts sold by its registered
+representatives.
+&nbsp;{{MainUnderwriter}}
+serves as the placement agent for contracts sold by registered
+representatives of other broker-dealers that have entered into
+distribution agreements with
+&nbsp;{{MainUnderwriter}}.
+</p>
+
+<p>
+{{CoUnderwriter}} and
+&nbsp;{{MainUnderwriter}} are
+subsidiaries of {{InsCoName}}
+({{InsCoShortName}}) and are
+located at {{InsCoStreet}}.
+</p>
+</p>