U
User 1234
Member
Hi all
I have difficulty in understanding the 5th bullet point under "Meeting the Principles" for Surrender Value respread to reduce future premiums on page 15, specially the later part "a small increase in end term may produce an increase in premium if the surrender value extracts too much profit"
What is the meaning of "Surrender value extracts too much profit"?
Thank you very much in advance!!!
I have difficulty in understanding the 5th bullet point under "Meeting the Principles" for Surrender Value respread to reduce future premiums on page 15, specially the later part "a small increase in end term may produce an increase in premium if the surrender value extracts too much profit"
What is the meaning of "Surrender value extracts too much profit"?
Thank you very much in advance!!!