Requirements of Surrender Value Formulae

Jim Farmer

Research output: Contribution to journalArticle


The factors usually considered when determining a suitable value surrender formula for traditional business are re-examined with respect to their appropriateness to modern savings contracts.
Original languageEnglish
Pages (from-to)1-16
Number of pages16
JournalDepartment of Actuarial Studies Research Paper Series
Publication statusPublished - 1999


  • surrender value
  • surrender penalty
  • investment account
  • investment-linked
  • equity


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