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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Impact of the 2001 CSO Table<br />
1980 CSO vs. 2001 CSO - Baseline<br />
Measure 1980 CSO 2001 CSO Difference<br />
IRR 14.54% 15.05% 0.51%<br />
PVDE $3,510,500 $3,427,100 -$83,400<br />
Profit Margin 3.83% 3.74% -0.09%<br />
• Reserves decrease, so do surrender charges<br />
• Strain decreases, so does profit stream<br />
• Basically, a wash<br />
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