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Apr 20 Q2ii)

A

Actuary@22

Ton up Member
Hi

In Q2 ii),
In a UL pension product,won't there also be mortality risk as company will have to pay a benefit on death?
Not too sure of mortality risks basically in this type of a product.
 
The solution does include mortality risk and says its significance depends on extent of any options and guarantees. A UL pension product may have limited guarantees associated with the death benefit (paying out something v close to 100% of unit funds on death) in which case mortality risk would be limited.
 
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