Raghib Ishraq
Keen member
Hi,
I do not understand the logic behind the structure of the question, why would the same minimum guarantee (Single Premium) be applicable on 5th and 10th anniversary? Wouldn't you expect the minimum guarantee to go up on the 10th anniversary?
Is there a generic equation that can be used to price such guarantees?
Many thanks,
Raghib
I do not understand the logic behind the structure of the question, why would the same minimum guarantee (Single Premium) be applicable on 5th and 10th anniversary? Wouldn't you expect the minimum guarantee to go up on the 10th anniversary?
Is there a generic equation that can be used to price such guarantees?
Many thanks,
Raghib