• We are pleased to announce that the winner of our Feedback Prize Draw for the Winter 2024-25 session and winning £150 of gift vouchers is Zhao Liang Tay. Congratulations to Zhao Liang. If you fancy winning £150 worth of gift vouchers (from a major UK store) for the Summer 2025 exam sitting for just a few minutes of your time throughout the session, please see our website at https://www.acted.co.uk/further-info.html?pat=feedback#feedback-prize for more information on how you can make sure your name is included in the draw at the end of the session.
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Surplus Distribution

C

Chan2009

Member
If the TA (Term Assurance) becomes a Conventional WP TA then the company would need to increase the mortality assumption in the valuation basis to ensure that some mortality surplus arises regularly.

I don't understand why the company would increase the mortality assumption? If the mortality assumption is stronger then the profits would be defered further and so mortality surplus would happen less regularly.

Cheers :)
 
If the TA (Term Assurance) becomes a Conventional WP TA

Do we ever find conventional WP TA in practice (or even in theory)?
How would it work? What happens to the bonuses at the end of the term, since there is no maturity benefit?
 
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