Hi all, i am reading some exercises with regards to UL and how BEL is constructed. most of them have fixed charges. so no CBs apply. in the even of having reviewable charges (lets say every 1 year) ; 1. CBs apply ? if yes the time horizon will be 1 year for BEL? both for unit and non unit reserves? 2. on the other hand the account vale (asset side) will account for entire the accumulation (investment returs etc) of all premiums paid? 3. if yes this would make a huge impact on the own funds compared to another company that has fixed charges and in theory these two companies have the same charges and samw investment earnings?