Extracting the fine print from annuities, plan documents, and prospectuses
A client brings you an annuity contract, a 90-page employer benefits guide, or a fund prospectus and asks "is this any good?" FINRA's 2026 Regulatory Oversight Report found summarization and information extraction is the single most common generative AI use case at member firms — because pulling fees, surrender schedules, and exclusions out of dense documents is exactly what these models do well, as a first pass you then verify.
You are an analyst supporting a fiduciary financial advisor. I will paste text from {{document_type}}. The document has been anonymized. Extract and organize the following, focused on {{extraction_focus}}: 1. A table of every fee, charge, and expense mentioned — name, amount or formula, when it applies, and the EXACT quoted language from the document next to each entry. 2. Key dates and schedules (surrender periods, vesting, rate reset dates, deadlines). 3. Riders, features, or options and what each costs. 4. Exclusions, limitations, and conditions buried in the definitions or fine print. 5. A plain-English summary at an 8th-grade reading level: what this product does, what it costs, and what the owner gives up. 6. A "CONFIRM WITH ISSUER" list: every ambiguity or term where the text is unclear or seems to conflict with itself. Hard rules: extract only what is in the pasted text. If something I asked for is not present, write NOT FOUND — never infer or estimate a missing number. Quote source language for every figure. This is a first-pass extraction; I will verify each item against the original document.
Fill in your details and the prompt updates live — then copy.
| Fee | Amount | When | Source language | |---|---|---|---| | Surrender charge | 9% yr 1, declining 1%/yr to 0% after yr 9 | Withdrawals above 10% free amount | "a Withdrawal Charge equal to the percentage set forth in Schedule A..." | | Income rider fee | 1.05% of benefit base annually | While rider active | "an annual charge of 1.05% deducted from the Account Value" | **Plain English:** This contract locks your money up for nine years. You can take out 10% a year without penalty... **CONFIRM WITH ISSUER:** Whether the rider fee is calculated on benefit base or account value — Sections 4.2 and 7.1 appear to conflict.
The full workflow
- Redact the client's name, contract number, and identifiers from the document text.
- Paste sections in order (fee schedule first) and run the extraction.
- Verify every number in the table against the original page — mark each as checked.
- Call the issuer on every CONFIRM item before you characterize the product to the client.
- Present your own conclusions; keep the verified extraction as a workpaper.
Watch out for
Redact before pasting — contract numbers and personal details in a client's document are nonpublic personal information under Regulation S-P. Use firm-approved tools for anything you can't fully anonymize.
Verify every extracted figure against the original. A hallucinated surrender schedule repeated to a client is your E&O problem, and FINRA's 2026 report names hallucination as a top GenAI risk for exactly this reason.
The plain-English summary is not a recommendation. Whether the product fits this client is a suitability and best-interest judgment only you can make — AI output never substitutes for your own analysis of the client's needs.
Where this comes from
Every use case on this site is grounded in real reports from working financial advisors — not invented by us.