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Old 08-07-2017, 04:26 PM
dunnigan dunnigan is offline
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Default Guideline XXX vs SVL

For term policy reserves calculated with Guideline XXX contract segmentation, do you ignore the SVL Section 5 unitary reserves? Would hang on to the unitary reserve to use as a floor to the Guideline XXX reserve?

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Old 08-07-2017, 05:35 PM
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Carol Marler
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Originally Posted by dunnigan View Post
For term policy reserves calculated with Guideline XXX contract segmentation, do you ignore the SVL Section 5 unitary reserves? Would hang on to the unitary reserve to use as a floor to the Guideline XXX reserve?

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XXX was designed to avoid the games pricing people played with unitary reserves*. You can compare the segmented reserves to unitary, but I predict that you won't be finding any actual policies where the unitary reserves are higher.

* Basically the premium scales are carefully set to create zero, negative or very small unitary reserves at each duration.
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Old 08-07-2017, 08:31 PM
CuriousGeorge CuriousGeorge is offline
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It's been a long time, but I thought you were required to calculate both, and carry the greater. I think X factors can potentially pull the segmented reserves lower than a straight unitary reserve in cases.
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