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How does your company handle future monthly contributions for say an Annual Point-To-Point indexed fund?
For example, let’s assume the policy was issued on 01/01, with additional future contributions coming in at the start of each month e.g., 02/01, 03/01, 04/01 etc.
Are the contributions allocated to separate Annual PTPs starting on the 1st day of each subsequent month or are they put into some sort of escrow account earning a fixed rate till 01/01 of the next year with their balances (+ escrow interest) then added to the original 01/01 fund?
Thanks
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