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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Case Study - <strong>UL</strong><br />
Product Parameters:<br />
• Annually Renewable Term Premium design with a<br />
<strong>com</strong>petitive lifetime guarantee.<br />
• Review Impact of XXX and AXXX on design<br />
• Add a reinsurance arrangement to reach double digit<br />
profit targets<br />
• Arrangement is an 90% first dollar, YRT agreement<br />
• Mortality and financial reinsurance<br />
• Financial reinsurance is for ceding of the difference<br />
between XXX and CRVM reserves<br />
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