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market value reduction

  1. M

    Surrenders (WP)

    If an MVR is applied on surrender such that the surrender benefit is the unsmoothed AS, does it mean the following: The guaranteed benefit at the point of surrender is reduced to equal the unsmoothed AS The cost of guarantee = 0 (due to the point above) The cost of smoothing = 0
    • Mbotha
    • Thread
    • market value reduction mvr surrender surrender values with profits with-profits
    • Replies: 6
    • Forum: SA2
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