C
Chan2009
Member
Can someone please answer my following queries
1) I dont understand the principle which is shown below met by the method "Paid-up value plus premium for balance of sum assured" is that
"If the paid-value is based on the surrender value i.e it is the latter thrown into reversion using the surrender value basis assumptions, then a reduction in the o/s term to zero would produce a normal surrender value.....""
An example would help here
2) I cannot get my head round that under the method "Equation of policy values", no profit would not emerge after the date of alteration if a realistic prospective value was used after the policy alteration.
Many Thanks
1) I dont understand the principle which is shown below met by the method "Paid-up value plus premium for balance of sum assured" is that
"If the paid-value is based on the surrender value i.e it is the latter thrown into reversion using the surrender value basis assumptions, then a reduction in the o/s term to zero would produce a normal surrender value.....""
An example would help here
2) I cannot get my head round that under the method "Equation of policy values", no profit would not emerge after the date of alteration if a realistic prospective value was used after the policy alteration.
Many Thanks