Please enable JavaScript.
Coggle requires JavaScript to display documents.
ASOP 2 Non-Guar. charges and benefits (Actuarial communications &…
ASOP 2
Non-Guar. charges and benefits
Scope
All non-guaranteed elements except PH dividends (ASOP15)
Exclude non-guaranteed illustration (ASOP24)
Purpose
guidance for determination of non-guaranteed charges and benefits
Determination
Consistent with
determination policy
Process
Consider practical constraints
effect of making changes
other
size of group
Do sensitivity test
Definition
credited rates
mortality charges
Policy factors
max COI charges
min crediting rates
Min. CSV
Actuarial communications & disclosures
Changes since last determination
Determination process methods
Determination policy & material assumptions
Recommended non-guaranteed charges or benefits for current period
Significant policy factors
Sensitivity testing conclusions and recommendations