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SA2 Acronyms > Surrender Value Principles > Flashcards

Flashcards in Surrender Value Principles Deck (12)
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1
Q

Acronym

A

DECEASE LAPD + consistent with PPFM

2
Q

D(1)

A

Discontinuities by duration avoided

3
Q

E(1)

A

Early durations - reflect premiums paid and illustrations provided

4
Q

C

A

Competition and auction value

5
Q

E(2)

A

Ease of calculation

6
Q

A(1)

A

Asset shares

7
Q

S

A

Selection against insurer avoided

8
Q

E(3)

A

Equitable treatment of surrenderer and PH remaining

9
Q

L

A

Later duration tend to maturity value

10
Q

A(2)

A

Avoid requirement changes

11
Q

P

A

PREs

12
Q

D(2)

A

Documentation should be clear