Hi, I have read it somewhere,for a participating deferred annuity: "Given the participating nature of the contract during deferment period, any expenses risk (i.e. higher than expected) would be contained during deferment period. What does it mean by 'contained during the deferment period' ?
Hi I would take that as the risk would be shared amongst the policyholders whilst they are in the deferment as opposed to when the annuity is paid (at vesting date). So maybe premiums are increased in this period. However, I would need to see in what context this was to confirm. Thanks Em
