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Illustration (ASOP 49 (IUL illustration) (Participating policy loan (AG49…

- - - - Determine cumulative growth on BIA for first 25 years of backcasting period; Solve for geometric avg of return
      - Move 1-day forward and repeat step2, until reaching beginning of current calendar year
      - Backcasting period: from 66 years before end of calendar year
      - Calculate geometric and arithmetic return of every period
      - Take the max as MIICR
  - - - crediting rate - loan rate <= 100 bps
  - - - Collateral earned rates <= loan rates
      - Assume all prem deposits to Fixed Account;
        if no FA, credit rate = avg of guar. credit rate & current illustrated rate
      - Inform PH the sensitivity to assumed credited rates & loan leverage
- - - - currently payable scale
      - disciplined current scale
    - - Contract prem
      - premium outlay
    - - Basic
      - Supplemental
      - In force
      - Lapse-supported
        
        fails "self-supporting"