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 |
|---|---|
| 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