Abstract
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 language | English |
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Pages (from-to) | 1-16 |
Number of pages | 16 |
Journal | Department of Actuarial Studies Research Paper Series |
Volume | 1999/01 |
Publication status | Published - 1999 |
Keywords
- surrender value
- surrender penalty
- investment account
- investment-linked
- equity