| AXIS
Update Information |
| Update
Summary: |
Seriatim Joint Lives With 2 Or More Lives |
| Update
Type: |
Enhancement
|
| Version
# : |
12001001 (13 Feb 07) |
| Modules
Affected: |
Universal Life |
| Changes
Results: |
No
|
| GGY
Job # |
18244 |
| Detailed
Update Description |
In the Universal Life module, a new Datalink table - Joint Life Information - has been added that allows you to specify issue age and risk class for multiple lives from 2 to as many as 10 lives.
In order to process multiple lives, joint life assumptions must be specified for all lives by selecting a rules table for the life 1 assumption table and selecting the new table method - Use life 1 table for all lives - for the corresponding life 2 assumption table. Joint life assumptions include the following:
- Mortality in Pricing and Reserves sections
- AIDS Extra Q and AIDS Life 2 in Pricing and Reserves sections
- T5 Mortality in the Policyholder Tax section
- Exempt Test Policy Mortality in the Policyholder Tax section
- Mortality in the Premium Calculation [Composite] table section
- Risk Charge in the Joint Life Risk Charge [Composite] table section
- Mortality in the Input Factor for NAAR [Composite] table section |
| |
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