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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OYT Reserve<br />
• If the one year projected policy value after the 1/3 drop<br />
is > 0, then the OYT Reserve is zero.<br />
• If the projected policy value is < 0, then a reserve is<br />
established for the portion of the year not covered by<br />
the project value.<br />
– Maximum OYT Reserve = c x<br />
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