Secondary Guarantees â UL & VUL Products - Actuary.com
Secondary Guarantees â UL & VUL Products - Actuary.com
Secondary Guarantees â UL & VUL Products - Actuary.com
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Valuation – The Impact of AXXX<br />
4. Determine the single premium payment necessary at<br />
the valuation date to fully fund the secondary<br />
guarantee.<br />
• Assume no previous pre-funding. I.e. For a Shadow<br />
Account design the value of the shadow account is zero<br />
• Divide the result in Step 3 by the result in Step 4.<br />
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