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[{"": "0", "Id": "0", "Fullsentence": "d espite the retail focus rilas are arguably complex products that may be difficult for a retail investor to evaluate or understand and that typically require investors to make complex ongoing financial decisions thereby raising interest in investor protection concerns", "Component": "focus rila", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "1", "Id": "0", "Fullsentence": "d espite the retail focus rilas are arguably complex products that may be difficult for a retail investor to evaluate or understand and that typically require investors to make complex ongoing financial decisions thereby raising interest in investor protection concerns", "Component": "are arguably complex products that may be difficult for a retail investor to evaluate or understand", "causeOrEffect": "cause", "Labellevel1": "Performance", "Labellevel2": "Investors"}, {"": "2", "Id": "0", "Fullsentence": "d espite the retail focus rilas are arguably complex products that may be difficult for a retail investor to evaluate or understand and that typically require investors to make complex ongoing financial decisions thereby raising interest in investor protection concerns", "Component": "that typically require investors to make complex ongoing financial decisions", "causeOrEffect": "cause", "Labellevel1": "Performance", "Labellevel2": "Investors"}, {"": "4", "Id": "0", "Fullsentence": "d espite the retail focus rilas are arguably complex products that may be difficult for a retail investor to evaluate or understand and that typically require investors to make complex ongoing financial decisions thereby raising interest in investor protection concerns", "Component": "raising interest in investor protection concerns ila", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Investors"}, {"": "6", "Id": "1", "Fullsentence": "rilas typically have implicit f ees and can also be associated with significant charges and penalties including those assessed for withdrawals from the contract withdrawals that occur in the middle of an investment term and withdrawals before age 59\u00bd due to tax penalties ", "Component": "implicit f ees", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "7", "Id": "1", "Fullsentence": "rilas typically have implicit f ees and can also be associated with significant charges and penalties including those assessed for withdrawals from the contract withdrawals that occur in the middle of an investment term and withdrawals before age 59\u00bd due to tax penalties ", "Component": "can also be associated with significant charges and penalties", "causeOrEffect": "effect", "Labellevel1": "Performance", "Labellevel2": "Investors"}, {"": "8", "Id": "1", "Fullsentence": "rilas typically have implicit f ees and can also be associated with significant charges and penalties including those assessed for withdrawals from the contract withdrawals that occur in the middle of an investment term and withdrawals before age 59\u00bd due to tax penalties ", "Component": "those assessed for withdrawals from", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "9", "Id": "1", "Fullsentence": "rilas typically have implicit f ees and can also be associated with significant charges and penalties including those assessed for withdrawals from the contract withdrawals that occur in the middle of an investment term and withdrawals before age 59\u00bd due to tax penalties ", "Component": "contract withdrawals", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "12", "Id": "1", "Fullsentence": "rilas typically have implicit f ees and can also be associated with significant charges and penalties including those assessed for withdrawals from the contract withdrawals that occur in the middle of an investment term and withdrawals before age 59\u00bd due to tax penalties ", "Component": "age 59\u00bd", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "14", "Id": "1", "Fullsentence": "rilas typically have implicit f ees and can also be associated with significant charges and penalties including those assessed for withdrawals from the contract withdrawals that occur in the middle of an investment term and withdrawals before age 59\u00bd due to tax penalties ", "Component": "tax penalties", "causeOrEffect": "cause", "Labellevel1": "Performance", "Labellevel2": "Investors"}, {"": "15", "Id": "2", "Fullsentence": "in the design of the form with the goal of ensuring t hat key information is conveyed in terms that a purchaser is able to understand3 these activities were to be completed so that not later than 18 months after the date of enactment of the act the commission shall prepare and finalize new or amende d rules as appropriate ", "Component": "the goal of ensuring t hat key information is conveyed in", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "16", "Id": "2", "Fullsentence": "in the design of the form with the goal of ensuring t hat key information is conveyed in terms that a purchaser is able to understand3 these activities were to be completed so that not later than 18 months after the date of enactment of the act the commission shall prepare and finalize new or amende d rules as appropriate ", "Component": "these activities were to be completed", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "18", "Id": "2", "Fullsentence": "in the design of the form with the goal of ensuring t hat key information is conveyed in terms that a purchaser is able to understand3 these activities were to be completed so that not later than 18 months after the date of enactment of the act the commission shall prepare and finalize new or amende d rules as appropriate ", "Component": "not later than 18 months after the date of enactment of the act the commission shall prepare and finalize new or amende d rules as appropriate", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "19", "Id": "3", "Fullsentence": " 5 investor testing report on registered index linked annuities available on the market as of early 2023 thus providing an up todate view of rila contract offerings ", "Component": "5 investor testing report on registered index linked annuities available on the market as of early 2023", "causeOrEffect": "cause", "Labellevel1": "Performance", "Labellevel2": "Investors"}, {"": "21", "Id": "3", "Fullsentence": " 5 investor testing report on registered index linked annuities available on the market as of early 2023 thus providing an up todate view of rila contract offerings ", "Component": "providing an up todate view of rila contract offerings", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "22", "Id": "4", "Fullsentence": "at the same time because qualitative testing occur red with a limited sample of participants it is essential for follow up research to examine the kit communications with a larger sample", "Component": "qualitative testing occur red with a limited sample of participants", "causeOrEffect": "cause", "Labellevel1": "Performance", "Labellevel2": "Investors"}, {"": "23", "Id": "4", "Fullsentence": "at the same time because qualitative testing occur red with a limited sample of participants it is essential for follow up research to examine the kit communications with a larger sample", "Component": "essential for follow up research to examine the kit communications with a larger sample", "causeOrEffect": "effect", "Labellevel1": "Performance", "Labellevel2": "Investors"}, {"": "24", "Id": "5", "Fullsentence": "specifically does a question andanswer qa format lead to higher comprehension than a statement based format", "Component": "a question andanswer qa format", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "26", "Id": "5", "Fullsentence": "specifically does a question andanswer qa format lead to higher comprehension than a statement based format", "Component": "higher comprehension than a statement based format", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "27", "Id": "6", "Fullsentence": "it is reasonable to assume that continued growth in the rila market will lead to an expansion of the number of indexes used ", "Component": "continued growth in the rila market", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "29", "Id": "6", "Fullsentence": "it is reasonable to assume that continued growth in the rila market will lead to an expansion of the number of indexes used ", "Component": "an expansion of the number of indexes used", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "31", "Id": "7", "Fullsentence": "thus the investment term feature adds a timing risk for rila investors compared to certain other invest ments", "Component": "the investment term feature", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "32", "Id": "7", "Fullsentence": "thus the investment term feature adds a timing risk for rila investors compared to certain other invest ments", "Component": "adds a timing risk for rila investors compared to certain other invest ments", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Investors"}, {"": "33", "Id": "8", "Fullsentence": "although historical performance is no guarantee of future investment results and the insurance features available in the future may change historical performance simulations allow us to document how certain product features offered as of the time we constructe d our data may affect investors outcomes based on the historical record so that we may study the potential usefulness of the products to investors and gain a better understanding of the riskreward tradeoff that rila options offer", "Component": "historical performance is no guarantee of future investment results", "causeOrEffect": "cause", "Labellevel1": "Performance", "Labellevel2": "Investors"}, {"": "34", "Id": "8", "Fullsentence": "although historical performance is no guarantee of future investment results and the insurance features available in the future may change historical performance simulations allow us to document how certain product features offered as of the time we constructe d our data may affect investors outcomes based on the historical record so that we may study the potential usefulness of the products to investors and gain a better understanding of the riskreward tradeoff that rila options offer", "Component": "insurance features available in the future", "causeOrEffect": "cause", "Labellevel1": "Performance", "Labellevel2": "Investors"}, {"": "36", "Id": "8", "Fullsentence": "although historical performance is no guarantee of future investment results and the insurance features available in the future may change historical performance simulations allow us to document how certain product features offered as of the time we constructe d our data may affect investors outcomes based on the historical record so that we may study the potential usefulness of the products to investors and gain a better understanding of the riskreward tradeoff that rila options offer", "Component": "our data may affect investors outcomes based on the historical record", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Investors"}, {"": "38", "Id": "8", "Fullsentence": "although historical performance is no guarantee of future investment results and the insurance features available in the future may change historical performance simulations allow us to document how certain product features offered as of the time we constructe d our data may affect investors outcomes based on the historical record so that we may study the potential usefulness of the products to investors and gain a better understanding of the riskreward tradeoff that rila options offer", "Component": "may study the potential usefulness of the products to investors", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Investors"}, {"": "39", "Id": "8", "Fullsentence": "although historical performance is no guarantee of future investment results and the insurance features available in the future may change historical performance simulations allow us to document how certain product features offered as of the time we constructe d our data may affect investors outcomes based on the historical record so that we may study the potential usefulness of the products to investors and gain a better understanding of the riskreward tradeoff that rila options offer", "Component": "gain a better understanding of the riskreward tradeoff that rila options offer", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "41", "Id": "9", "Fullsentence": "because to our knowledge these data have not been used in prior academic research the d ata were validated by manually reviewing prospectus reports", "Component": "our knowledge these data have not been used in prior academic research", "causeOrEffect": "cause", "Labellevel1": "Performance", "Labellevel2": "Investors"}, {"": "42", "Id": "9", "Fullsentence": "because to our knowledge these data have not been used in prior academic research the d ata were validated by manually reviewing prospectus reports", "Component": "the d ata were validated by manually reviewing prospectus reports", "causeOrEffect": "effect", "Labellevel1": "Performance", "Labellevel2": "Investors"}, {"": "43", "Id": "10", "Fullsentence": "an investment in an index eg through an index fund would typically track a total return index which would have greater returns than a price return linked index due to dividends ", "Component": "investment in an index eg through an index fund would typically track a total return index which would have greater returns than a price return linked index", "causeOrEffect": "effect", "Labellevel1": "Performance", "Labellevel2": "Investors"}, {"": "46", "Id": "11", "Fullsentence": "furthermore the analyses discussed in this section did not address costs due to withdrawing money from an investment option during an investment term surrender charges or any tax implications due to tax deferral or tax penalties for liquidating before the holder is 59\u00bd years old", "Component": "did not address costs", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "48", "Id": "11", "Fullsentence": "furthermore the analyses discussed in this section did not address costs due to withdrawing money from an investment option during an investment term surrender charges or any tax implications due to tax deferral or tax penalties for liquidating before the holder is 59\u00bd years old", "Component": "tax deferral or tax penalties for liquidating before the holder is 59\u00bd years old", "causeOrEffect": "cause", "Labellevel1": "Performance", "Labellevel2": "Investors"}, {"": "50", "Id": "12", "Fullsentence": "the assumption was that the investor purchased the rila with the associated investment option on a given date and held it until the end of the investment term the investor may have had to put the resulting funds into another investment option at the end of the term to avoid surrender charges or other penalties ", "Component": "that the investor purchased the rila with the associated investment option on a given date", "causeOrEffect": "cause", "Labellevel1": "Performance", "Labellevel2": "Investors"}, {"": "52", "Id": "12", "Fullsentence": "the assumption was that the investor purchased the rila with the associated investment option on a given date and held it until the end of the investment term the investor may have had to put the resulting funds into another investment option at the end of the term to avoid surrender charges or other penalties ", "Component": "had to put the", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "53", "Id": "12", "Fullsentence": "the assumption was that the investor purchased the rila with the associated investment option on a given date and held it until the end of the investment term the investor may have had to put the resulting funds into another investment option at the end of the term to avoid surrender charges or other penalties ", "Component": "resulting funds", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "54", "Id": "12", "Fullsentence": "the assumption was that the investor purchased the rila with the associated investment option on a given date and held it until the end of the investment term the investor may have had to put the resulting funds into another investment option at the end of the term to avoid surrender charges or other penalties ", "Component": "into another investment option at", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "55", "Id": "12", "Fullsentence": "the assumption was that the investor purchased the rila with the associated investment option on a given date and held it until the end of the investment term the investor may have had to put the resulting funds into another investment option at the end of the term to avoid surrender charges or other penalties ", "Component": "the end of the term", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "57", "Id": "12", "Fullsentence": "the assumption was that the investor purchased the rila with the associated investment option on a given date and held it until the end of the investment term the investor may have had to put the resulting funds into another investment option at the end of the term to avoid surrender charges or other penalties ", "Component": "avoid surrender charges or other penalties", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "58", "Id": "13", "Fullsentence": "rila products were not offered before 2010 so the performance simulations us ed periods during which rilas were not 13 investor testing report on registered index linked annuities available in order to provide a more complete picture of how insurance features related to the historical performance of the accompanying index ", "Component": "rila products were not offered before 2010", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "59", "Id": "13", "Fullsentence": "rila products were not offered before 2010 so the performance simulations us ed periods during which rilas were not 13 investor testing report on registered index linked annuities available in order to provide a more complete picture of how insurance features related to the historical performance of the accompanying index ", "Component": "on nu", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "62", "Id": "13", "Fullsentence": "rila products were not offered before 2010 so the performance simulations us ed periods during which rilas were not 13 investor testing report on registered index linked annuities available in order to provide a more complete picture of how insurance features related to the historical performance of the accompanying index ", "Component": "provide a more complete picture of how insurance features related to the historical performance of the accompanying index", "causeOrEffect": "effect", "Labellevel1": "Performance", "Labellevel2": "Investors"}, {"": "64", "Id": "14", "Fullsentence": "as a result our analysis understated the potential positive returns on an investment in an index", "Component": "analysis understated the potential positive returns on an investment in an index", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "65", "Id": "15", "Fullsentence": "from 1999 to 2000 the sp 500 rose by 20 but the rilas returns would have been capped at 18 thus by 2000 the rila would have slightly trailed the index", "Component": "the sp 500 rose by 20 but the rilas returns would have been capped at 18", "causeOrEffect": "cause", "Labellevel1": "Performance", "Labellevel2": "Investors"}, {"": "67", "Id": "15", "Fullsentence": "from 1999 to 2000 the sp 500 rose by 20 but the rilas returns would have been capped at 18 thus by 2000 the rila would have slightly trailed the index", "Component": "the rila would have slightly trailed the index", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "68", "Id": "16", "Fullsentence": "in this instance at the end of 6 years the rila would have underperformed the sp 500 index due to the 18 cap which would have limited the returns in c ertain years when the index gained value", "Component": "rila would have underperformed the sp 500 index", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "70", "Id": "16", "Fullsentence": "in this instance at the end of 6 years the rila would have underperformed the sp 500 index due to the 18 cap which would have limited the returns in c ertain years when the index gained value", "Component": "the 18 cap which would have limited the returns in c ertain years when the index gained value", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "71", "Id": "17", "Fullsentence": " 22 investor testing report on registered index linked annuities comparing rila features thus far we have explored a rila investment option with one set of parameters 1year investment term 18 cap 10 buffer and linked to the sp 500 price return index", "Component": "explored a rila investment option with one set of parameters 1year investment term 18 cap 10 buffer and linked to the sp 500 price return index", "causeOrEffect": "effect", "Labellevel1": "Performance", "Labellevel2": "Investors"}, {"": "72", "Id": "18", "Fullsentence": "all investment options were linked to the sp 500 price return index so that the differences would be due solely to their other features", "Component": "all investment options were linked to the sp 500 price return index", "causeOrEffect": "cause", "Labellevel1": "Performance", "Labellevel2": "Investors"}, {"": "76", "Id": "18", "Fullsentence": "all investment options were linked to the sp 500 price return index so that the differences would be due solely to their other features", "Component": "other features", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "77", "Id": "19", "Fullsentence": "an inves tment option with a 15 buffer instead of a 10 buffer thus providing more protection on the downside", "Component": "an inves tment option with a 15 buffer instead of a 10 buffer", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "79", "Id": "19", "Fullsentence": "an inves tment option with a 15 buffer instead of a 10 buffer thus providing more protection on the downside", "Component": "providing more protection on the downside", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "80", "Id": "20", "Fullsentence": "the line graphs display the same data as the histogra ms but offer a different view in that they highlight the relationship between index returns and investment option returns over time so that it is clearer how the investment option would have performed given a particular realization of index performance", "Component": "line graphs display the same data as the histogra ms", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "81", "Id": "20", "Fullsentence": "the line graphs display the same data as the histogra ms but offer a different view in that they highlight the relationship between index returns and investment option returns over time so that it is clearer how the investment option would have performed given a particular realization of index performance", "Component": "offer a different view in that they highlight the relationship between index returns and investment option returns over time", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "83", "Id": "20", "Fullsentence": "the line graphs display the same data as the histogra ms but offer a different view in that they highlight the relationship between index returns and investment option returns over time so that it is clearer how the investment option would have performed given a particular realization of index performance", "Component": "clearer how the investment option would have performed given a particular realization of index performance", "causeOrEffect": "effect", "Labellevel1": "Performance", "Labellevel2": "Investors"}, {"": "84", "Id": "21", "Fullsentence": "further research and more transparency are needed in order to document the prevalence of such patterns in the marketplace as a whole and determine the extent of any investor protection concerns they may raise", "Component": "research and more transparency are needed", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "86", "Id": "21", "Fullsentence": "further research and more transparency are needed in order to document the prevalence of such patterns in the marketplace as a whole and determine the extent of any investor protection concerns they may raise", "Component": "document the prevalence of such patterns in the marketplace as a whole", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "87", "Id": "21", "Fullsentence": "further research and more transparency are needed in order to document the prevalence of such patterns in the marketplace as a whole and determine the extent of any investor protection concerns they may raise", "Component": "determine the extent of any investor protection concerns they may raise", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Investors"}, {"": "89", "Id": "22", "Fullsentence": "given that some penalties may be significant one would hope that they are rarely levied in practice even if the penalties paid do not affect the financial system systemically their impact on individual investors could still be significant", "Component": "some penalties may be significant", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "90", "Id": "22", "Fullsentence": "given that some penalties may be significant one would hope that they are rarely levied in practice even if the penalties paid do not affect the financial system systemically their impact on individual investors could still be significant", "Component": "they are rarely levied in practice", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "91", "Id": "22", "Fullsentence": "given that some penalties may be significant one would hope that they are rarely levied in practice even if the penalties paid do not affect the financial system systemically their impact on individual investors could still be significant", "Component": "penalties paid do not affect the financial system systemically", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "92", "Id": "22", "Fullsentence": "given that some penalties may be significant one would hope that they are rarely levied in practice even if the penalties paid do not affect the financial system systemically their impact on individual investors could still be significant", "Component": "their impact on individual investors could still be significant", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Investors"}, {"": "93", "Id": "23", "Fullsentence": "our qualitative testing used a semi structured open ended format so that participants could express their reactions and beliefs regardless of accuracy ", "Component": "qualitative testing used a semi structured open ended format so that", "causeOrEffect": "cause", "Labellevel1": "Performance", "Labellevel2": "Investors"}, {"": "94", "Id": "23", "Fullsentence": "our qualitative testing used a semi structured open ended format so that participants could express their reactions and beliefs regardless of accuracy ", "Component": "participants could express their reactions and beliefs regardless of accuracy", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "95", "Id": "24", "Fullsentence": "fourth participants were asked to apply their knowledge of rilas by assessing the appropriate ness of rilas for hypothetical investors both rounds 14 because of the relative newness of rila products their relatively narrow niche the timeframe available for research and th e potential for misidentification during the recruitm ent process the research team did not deem it feasible or favorable to focus on current rila owners", "Component": "fourth participants were asked to apply their knowledge of rilas by assessing the appropriate ness of rilas for hypothetical investors", "causeOrEffect": "effect", "Labellevel1": "Performance", "Labellevel2": "Investors"}, {"": "98", "Id": "24", "Fullsentence": "fourth participants were asked to apply their knowledge of rilas by assessing the appropriate ness of rilas for hypothetical investors both rounds 14 because of the relative newness of rila products their relatively narrow niche the timeframe available for research and th e potential for misidentification during the recruitm ent process the research team did not deem it feasible or favorable to focus on current rila owners", "Component": "the relative newness of rila products their relatively narrow niche the timeframe available for research and th e potential for misidentification during the recruitm ent process", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "99", "Id": "24", "Fullsentence": "fourth participants were asked to apply their knowledge of rilas by assessing the appropriate ness of rilas for hypothetical investors both rounds 14 because of the relative newness of rila products their relatively narrow niche the timeframe available for research and th e potential for misidentification during the recruitm ent process the research team did not deem it feasible or favorable to focus on current rila owners", "Component": "research team did not de em it feasible or favorable to focus on current rila owners", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "102", "Id": "25", "Fullsentence": "due to time limitations w e asked participants to focus on specific information about rilas ", "Component": "time limitations", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "103", "Id": "25", "Fullsentence": "due to time limitations w e asked participants to focus on specific information about rilas ", "Component": "asked participants to focus on specific information about rilas", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "105", "Id": "26", "Fullsentence": "in both rounds the interview participants were neither nationally representative nor randomly selected thus the findings should not be considered representative of all consumers or used for statistical analysis", "Component": "rounds the interview participants were neither nationally representative nor randomly selected", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "107", "Id": "26", "Fullsentence": "in both rounds the interview participants were neither nationally representative nor randomly selected thus the findings should not be considered representative of all consumers or used for statistical analysis", "Component": "the findings should not be considered representative of all consumers or used for statistical analysis quate investment term or term with the length of the insurance contract", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Customers"}, {"": "109", "Id": "27", "Fullsentence": "several participants seemed to equate investment term or term with the length of the insurance contract rather than the length of the investment product options within the rila contract in other words they thought that they could liquidate their investment and get cash back after only 1 year without incurring any penalt ies", "Component": "the length of the investment product options within the rila contract", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "110", "Id": "27", "Fullsentence": "several participants seemed to equate investment term or term with the length of the insurance contract rather than the length of the investment product options within the rila contract in other words they thought that they could liquidate their investment and get cash back after only 1 year without incurring any penalt ies", "Component": "could liquidate their investment and get cash back after only 1 year without incurring any penalt ies", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "111", "Id": "28", "Fullsentence": "furthermore many participants did not seem to understand the distinction between the investment term and the contract length which seemed to create additional downstream confusion participants appeared to carry forward their mistaken understanding of contract length to their interpretations of how i nsurance provisions or other product features work ", "Component": "many participants did not seem to understand the distinction between the investment term and the contract length", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "112", "Id": "28", "Fullsentence": "furthermore many participants did not seem to understand the distinction between the investment term and the contract length which seemed to create additional downstream confusion participants appeared to carry forward their mistaken understanding of contract length to their interpretations of how i nsurance provisions or other product features work ", "Component": "participants appeared to carry forward their mistaken understanding of contract length to their interpretations of how i nsurance provisions or other product features work", "causeOrEffect": "effect", "Labellevel1": "Performance", "Labellevel2": "Investors"}, {"": "113", "Id": "29", "Fullsentence": "interest in these research areas arose because of the overall complexity of the products the commensurate complexity of the kit and the findings of the foregoing analysis particularly our qualitative inquiry", "Component": "interest in these research areas arose", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "115", "Id": "29", "Fullsentence": "interest in these research areas arose because of the overall complexity of the products the commensurate complexity of the kit and the findings of the foregoing analysis particularly our qualitative inquiry", "Component": "the overall complexity of the products the commensurate complexity of the kit and the findings of the foregoing analysis particularly our qualitative inquiry", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "116", "Id": "30", "Fullsentence": "furthermore these incentives can help assess whether low levels of compr ehension measured in a survey occur because the material is too difficult or because participants are not motivated to attend to the details", "Component": "these incentives can help assess whether low levels of compr ehension measured in a survey occur", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "118", "Id": "30", "Fullsentence": "furthermore these incentives can help assess whether low levels of compr ehension measured in a survey occur because the material is too difficult or because participants are not motivated to attend to the details", "Component": "too difficult", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "120", "Id": "30", "Fullsentence": "furthermore these incentives can help assess whether low levels of compr ehension measured in a survey occur because the material is too difficult or because participants are not motivated to attend to the details", "Component": "participants are not motivated to attend to the details", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "122", "Id": "31", "Fullsentence": "the check allthatapply questions were split into their individual response options and scored one or zero for each possible response due to the difficulty of these questions ", "Component": "were split into their individual response options and scored one or zero for each possible response", "causeOrEffect": "effect", "Labellevel1": "Performance", "Labellevel2": "Investors"}, {"": "124", "Id": "31", "Fullsentence": "the check allthatapply questions were split into their individual response options and scored one or zero for each possible response due to the difficulty of these questions ", "Component": "the difficulty of these questions", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "125", "Id": "32", "Fullsentence": "third multiple rounds of quantitative testing were 46 investor testing report on registered index linked annuities infeasible because of time limitations and the need to incorporate qualitative testing before designing the quantitative instrument", "Component": "third multiple rounds of quantitative testing were 46 investor testing report on registered index linked annuities infeasible", "causeOrEffect": "effect", "Labellevel1": "Performance", "Labellevel2": "Investors"}, {"": "127", "Id": "32", "Fullsentence": "third multiple rounds of quantitative testing were 46 investor testing report on registered index linked annuities infeasible because of time limitations and the need to incorporate qualitative testing before designing the quantitative instrument", "Component": "time limitations and the need to incorporate qualitative testing before designing the quantitative instrument", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "128", "Id": "33", "Fullsentence": "they have saved some money for college but are worried it wont be enough so they would like to invest and make it grow", "Component": "saved some money for college", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "129", "Id": "33", "Fullsentence": "they have saved some money for college but are worried it wont be enough so they would like to invest and make it grow", "Component": "worried it wont be enough", "causeOrEffect": "cause", "Labellevel1": "Performance", "Labellevel2": "Investors"}, {"": "131", "Id": "33", "Fullsentence": "they have saved some money for college but are worried it wont be enough so they would like to invest and make it grow", "Component": "like to invest and make it grow", "causeOrEffect": "effect", "Labellevel1": "Performance", "Labellevel2": "Investors"}, {"": "132", "Id": "34", "Fullsentence": "he lives on his own but expects to move to an assisted living community in five years because he is increasingly forgetful", "Component": "lives on", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "134", "Id": "34", "Fullsentence": "he lives on his own but expects to move to an assisted living community in five years because he is increasingly forgetful", "Component": "but expects to move to an assisted living community in five years", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Society"}, {"": "136", "Id": "34", "Fullsentence": "he lives on his own but expects to move to an assisted living community in five years because he is increasingly forgetful", "Component": "he is increasingly forgetful", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "137", "Id": "35", "Fullsentence": "o ur experiment was not designed to test this hypothesis thus the use of jargon was not randomized or balanced within sub scores so our results should be considered exploratory analysis ", "Component": "o ur experiment was not designed to test this hypothesis", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "139", "Id": "35", "Fullsentence": "o ur experiment was not designed to test this hypothesis thus the use of jargon was not randomized or balanced within sub scores so our results should be considered exploratory analysis ", "Component": "use of jargon was not randomized or balanced within sub scores", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "141", "Id": "35", "Fullsentence": "o ur experiment was not designed to test this hypothesis thus the use of jargon was not randomized or balanced within sub scores so our results should be considered exploratory analysis ", "Component": "our results should be considered exploratory analysis", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "142", "Id": "36", "Fullsentence": "subgroup analysis given the complexity of the rila products it is reasonable to believe that more sophisticated investors might fare better in terms of comprehension since they may have more background knowledge that could help contextualize the disclosed information", "Component": "it is reasonable to believe that more sophisticated investors might fare better in terms of comprehension", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Investors"}, {"": "144", "Id": "36", "Fullsentence": "subgroup analysis given the complexity of the rila products it is reasonable to believe that more sophisticated investors might fare better in terms of comprehension since they may have more background knowledge that could help contextualize the disclosed information", "Component": "they may have more background knowledge that could help contextualize the disclosed information", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "145", "Id": "37", "Fullsentence": "21 there were five people in the sample who did not respond to at least one of the three subjective financial literacy questions so we cou ld not calculate a sum score for them thus they were excluded from the moderation analysis", "Component": "there were five people in the sample who did not respond to at least one of the three subjective financial literacy questions", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "147", "Id": "37", "Fullsentence": "21 there were five people in the sample who did not respond to at least one of the three subjective financial literacy questions so we cou ld not calculate a sum score for them thus they were excluded from the moderation analysis", "Component": "not calculate a sum score", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "150", "Id": "37", "Fullsentence": "21 there were five people in the sample who did not respond to at least one of the three subjective financial literacy questions so we cou ld not calculate a sum score for them thus they were excluded from the moderation analysis", "Component": "excluded from the moderation analysis", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "151", "Id": "38", "Fullsentence": "the amount of time spent on the kit was highly skewed with a median of 87 seconds but a max over 23 minutes25 as a result in our analysis we focus on the median and the log of kit time and in the graph below we use a log scale on the x axis we used a simple least squares regression to describe the relationship between time spent and the log of the percent of questions correct the log of kit time better accounts for the dispersion in values ", "Component": "amount of time spent on the kit was highly skewed with a median of 87 seconds", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "152", "Id": "38", "Fullsentence": "the amount of time spent on the kit was highly skewed with a median of 87 seconds but a max over 23 minutes25 as a result in our analysis we focus on the median and the log of kit time and in the graph below we use a log scale on the x axis we used a simple least squares regression to describe the relationship between time spent and the log of the percent of questions correct the log of kit time better accounts for the dispersion in values ", "Component": "max over 23 minutes", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "155", "Id": "38", "Fullsentence": "the amount of time spent on the kit was highly skewed with a median of 87 seconds but a max over 23 minutes25 as a result in our analysis we focus on the median and the log of kit time and in the graph below we use a log scale on the x axis we used a simple least squares regression to describe the relationship between time spent and the log of the percent of questions correct the log of kit time better accounts for the dispersion in values ", "Component": "simple least squares regression", "causeOrEffect": "cause", "Labellevel1": "Performance", "Labellevel2": "Investors"}, {"": "156", "Id": "38", "Fullsentence": "the amount of time spent on the kit was highly skewed with a median of 87 seconds but a max over 23 minutes25 as a result in our analysis we focus on the 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in values", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "160", "Id": "39", "Fullsentence": "trimming of observations was considered but not p ursued here given that our evidence on timing is purely exploratory", "Component": "trimming of observations", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "161", "Id": "39", "Fullsentence": "trimming of observations was considered but not p ursued here given that our evidence on timing is purely exploratory", "Component": "p u rs", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "165", "Id": "39", "Fullsentence": "trimming of observations was considered but not p ursued here given that our evidence on timing is purely exploratory", "Component": "evidence on timing is purely", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "166", "Id": "39", "Fullsentence": "trimming of observations was considered but not p ursued here given that our evidence on timing is purely exploratory", "Component": "ex p", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "169", "Id": "40", "Fullsentence": "this que stion was intended to be among our most basic questions about the products 26 from the qualitative results we found that people had trouble understanding what features apply to the overall contract versus the individual rila investment", "Component": "people had trouble understanding what features apply to the overall contract versus the individual rila investment", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "170", "Id": "41", "Fullsentence": "ultimately the qualitative study was crucial to our ability to design our quantitative testing ", "Component": "qualitative study was crucial to", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "171", "Id": "41", "Fullsentence": "ultimately the qualitative study was crucial to our ability to design our quantitative testing ", "Component": "our ability to design our quantitative testing", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "172", "Id": "42", "Fullsentence": "however the benefits of such risk reduction should not be overstated an identical set of insurance features was associated with a wide variety of investment outcomes and relative outcomes depending on when the investment occurred due to the timing risk associated with rila investing ", "Component": "benefits of such risk reduction", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "174", "Id": "42", "Fullsentence": "however the benefits of such risk reduction should not be overstated an identical set of insurance features was associated with a wide variety of investment outcomes and relative outcomes depending on when the investment occurred due to the timing risk associated with rila investing ", "Component": "overstated an identical set of insurance features was associated with a wide variety of investment outcomes and relative outcomes depending on when the investment occurred", "causeOrEffect": "effect", "Labellevel1": "Performance", "Labellevel2": "Investors"}, {"": "176", "Id": "42", "Fullsentence": "however the benefits of such risk reduction should not be overstated an identical set of insurance features was associated with a wide variety of investment outcomes and relative outcomes depending on when the investment occurred due to the timing risk associated with rila investing ", "Component": "timing risk associated with rila investing", "causeOrEffect": "cause", "Labellevel1": "Performance", "Labellevel2": "Investors"}, {"": "177", "Id": "43", "Fullsentence": "the jargon was confusing and led to incorrect beliefs for some study participants", "Component": "jargon was confusing", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "179", "Id": "43", "Fullsentence": "the jargon was confusing and led to incorrect beliefs for some study participants", "Component": "incorrect beliefs for some study participants", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "180", "Id": "44", "Fullsentence": "certain s ubgroups of participants varied in their comprehension but not differentially across treatment conditions", "Component": "certain s ubgroups of participants", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "181", "Id": "44", "Fullsentence": "certain s ubgroups of participants varied in their comprehension but not differentially across treatment conditions", "Component": "varied in their comprehension", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "182", "Id": "44", "Fullsentence": "certain s ubgroups of participants varied in their comprehension but not differentially across treatment conditions", "Component": "not differentially across treatment conditions", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "189", "Id": "45", "Fullsentence": "further testing may be warranted to determine the best ways to communicate with investors a clearer distinction between the contract and the investment term many of our study parti cipants reported that it is difficult to reconcile the 1 3 and 6 year terms with the statement that a rila is a long term investment product many assumed that their funds could be liquidated without penalty at the end of a 1 year term and many had different subjective interpretations of the period implied by long term information about the typical or anticipated contract length and the 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"45", "Fullsentence": "further testing may be warranted to determine the best ways to communicate with investors a clearer distinction between the contract and the investment term many of our study parti cipants reported that it is difficult to reconcile the 1 3 and 6 year terms with the statement that a rila is a long term investment product many assumed that their funds could be liquidated without penalty at the end of a 1 year term and many had different subjective interpretations of the period implied by long term information about the typical or anticipated contract length and the minimum contract duration to withdraw money without penalty could be helpful for investors to understand the distinction between the contract and the investment option term ", "Component": "anticipated contract", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "197", "Id": "45", "Fullsentence": "further testing may be warranted to determine the best ways to communicate with investors a clearer distinction between the contract and the investment term many of our study parti cipants reported that it is difficult to reconcile the 1 3 and 6 year terms with the statement that a rila is a long term investment product many assumed that their funds could be liquidated without penalty at the end of a 1 year term and many had different subjective interpretations of the period implied by long term information about the typical or anticipated contract length and the minimum contract duration to withdraw money without penalty could be helpful for investors to understand the distinction between the contract and the investment option term ", "Component": "the minimum contract duration to withdraw money without penalty", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "199", "Id": "45", "Fullsentence": "further testing may be warranted to determine the best ways to communicate with investors a clearer distinction between the contract and the investment term many of our study parti cipants reported that it is difficult to reconcile the 1 3 and 6 year terms with the statement that a rila is a long term investment product many assumed that their funds could be liquidated without penalty at the end of a 1 year term and many had different subjective interpretations of the period implied by long term information about the typical or anticipated contract length and the minimum contract duration to withdraw money without penalty could be helpful for investors to understand the distinction between the contract and the investment option term ", "Component": "understand the distinction between the contract and the investment option term", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "200", "Id": "46", "Fullsentence": "relatedly an understanding of how a given insurance feature works in a single point topoint investment term does not imply an understanding over the life of an investors rila contract due to value recalculation at the end of an investment term the potential reinvestment at the end of the investment term and the repeated timing r isk from these adjustments ", "Component": "an understanding of how a given insurance feature works in a single point topoint investment term does not imply an understanding over the life of an investors rila contract", "causeOrEffect": "effect", "Labellevel1": "Performance", "Labellevel2": "Investors"}, {"": "202", "Id": "46", "Fullsentence": "relatedly an understanding of how a given insurance feature works in a single point topoint investment term does not imply an understanding over the life of an investors rila contract due to value recalculation at the end of an investment term the potential reinvestment at the end of the investment term and the repeated timing r isk from these adjustments ", "Component": "value recalculation at the end of an investment term the potential reinvestment at the end of the investment term", "causeOrEffect": "cause", "Labellevel1": "Performance", "Labellevel2": "Investors"}, {"": "203", "Id": "46", "Fullsentence": "relatedly an understanding of how a given insurance feature works in a single point topoint investment term does not imply an understanding over the life of an investors rila contract due to value recalculation at the end of an investment term the potential reinvestment at the end of the investment term and the repeated timing r isk from these adjustments ", "Component": "the repeated timing r isk from these adjustments", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "204", "Id": "47", "Fullsentence": "on an aggregate level the scarcity of information regarding past rila performance presented enormous challenges to our research both to understanding the implications of rila products for investors and to identifying the risks consequences and implications for investors so that a disclosure and its contents can be effectively designed ", "Component": "scarcity of information regarding past rila performance presented enormous challenges to our research", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "206", "Id": "47", "Fullsentence": "on an aggregate level the scarcity of information regarding past rila performance presented enormous challenges to our research both to understanding the implications of rila products for investors and to identifying the risks consequences and implications for investors so that a disclosure and its contents can be effectively designed ", "Component": "understanding the implications of rila products", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "209", "Id": "47", "Fullsentence": "on an aggregate level the scarcity of information regarding past rila performance presented enormous challenges to our research both to understanding the implications of rila products for investors and to identifying the risks consequences and implications for investors so that a disclosure and its contents can be effectively designed ", "Component": "identifying the risks consequences and implications for", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "212", "Id": "47", "Fullsentence": "on an aggregate level the scarcity of information regarding past rila performance presented enormous challenges to our research both to understanding the implications of rila products for investors and to identifying the risks consequences and implications for investors so that a disclosure and its contents can be effectively designed ", "Component": "a disclosure and its contents can be effectively designed", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "213", "Id": "48", "Fullsentence": "more data transparency in terms of actual investor outcomes for these complicated products is important to identifying and communicating decisi onrelevant information to investors", "Component": "data transparency in terms of actual investor outcomes for these complicated products", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Investors"}, {"": "214", "Id": "48", "Fullsentence": "more data transparency in terms of actual investor outcomes for these complicated products is important to identifying and communicating decisi onrelevant information to investors", "Component": "identifying and communicating decisi onrelevant information to investors", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Investors"}, {"": "216", "Id": "49", "Fullsentence": "moreover as our testing on rilas has highlighted poor terminology can cause investors to interpret key concepts in an erroneous way", "Component": "highlighted poor terminology", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "218", "Id": "49", "Fullsentence": "moreover as our testing on rilas has highlighted poor terminology can cause investors to interpret key concepts in an erroneous way", "Component": "investors to interpret key concepts in an erroneous way", "causeOrEffect": "effect", "Labellevel1": "Non-Performance", "Labellevel2": "Investors"}, {"": "219", "Id": "50", "Fullsentence": " frequency of communication given that rila terms may conclude episodic ally over long periods of time and that there are severe penalties for accessing funds midterm good practice could require issuers to inform investors that an investment term is about to end so that the investor can reallocate or withdraw money according to their needs and preferences", "Component": "frequency of communication", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "220", "Id": "50", "Fullsentence": " frequency of communication given that rila terms may conclude episodic ally over long periods of time and that there are severe penalties for accessing funds midterm good practice could require issuers to inform investors that an investment term is about to end so that the investor can reallocate or withdraw money according to their needs and preferences", "Component": "long periods of", "causeOrEffect": "cause", "Labellevel1": "Non-Performance", "Labellevel2": "Non-performance"}, {"": "221", "Id": "50", "Fullsentence": " frequency of communication given that rila terms may conclude episodic ally over long periods of time and that there are severe penalties for accessing funds midterm good practice could require issuers to inform investors that an investment term is about to end so that the investor can reallocate or withdraw money according to their needs and preferences", "Component": "severe penalties for accessing funds midterm good practice", "causeOrEffect": 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