Q2part 7
death claim 60% higher than asset share in with-profit business. More being paid out pn death than maturity and surrender. Likely due to gurantees biting or approach taken to allocate bonus. Example, absolute terminal bonuses maybe same as for maturities of same duration, which are likely to have higher asset shares.
Help me understand this example.
death claim 60% higher than asset share in with-profit business. More being paid out pn death than maturity and surrender. Likely due to gurantees biting or approach taken to allocate bonus. Example, absolute terminal bonuses maybe same as for maturities of same duration, which are likely to have higher asset shares.
Help me understand this example.