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surrender values

  1. A

    Surrender Values: Asset share and interest rates

    In the chapter on Surrender Values there is a part where four situations are given and the impacts on the asset share and realistic prospective reserve are explained. For Situation 1 it is stated that: "Interest rates rise suddenly late on in the term of a without-profits endowment. Matched...
    • ActuarialKropotkin
    • Thread
    • asset share interest rate changes surrender values
    • Replies: 1
    • Forum: SP2
  2. K

    October 2013, Q2

    Impact of higher expenses on prospective SV The solution says: Higher mortality rates reduce the value of the annuity function as payments are now expected to be paid for a shorter period. Therefore: - The value of annual expenses would increase - The value of premiums would...
    • Komal Gupta
    • Thread
    • prospective surrender values
    • Replies: 1
    • Forum: SP2
  3. 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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