Presentation - Society of Actuaries in Ireland
Presentation - Society of Actuaries in Ireland
Presentation - Society of Actuaries in Ireland
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Sample Product Design (Section 5)• Guaranteed M<strong>in</strong>imum Withdrawal Benefit for life• 5% pa <strong>of</strong> orig<strong>in</strong>al premium guaranteed <strong>in</strong>come at age65 for life• Annual Step-Up (subject to 15% maximum to age 75)• 60% Equity Back<strong>in</strong>g Ratio• Charge for Guarantee 0.75% pa