The LAMP – Managed Annuity Program charges an asset-based fee, calculated quarterly in arrears, based on the value of assets in the program. The fee rate is subject to negotiation between the financial advisor and the client, with a maximum annual fee rate of 1.50%. The fee covers advisory and investment management services but does not include other costs associated with the variable annuity contract. Clients may pay commissions and other fees related to the purchase of the variable annuity contract.