| AXIS
Update Information |
| Update
Summary: |
Define First Segment Length For Benefit Reserves |
| Update
Type: |
Enhancement
|
| Version
# : |
12602001 (16 Apr 10) |
| Modules
Affected: |
Regular Life |
| Changes
Results: |
No
|
| GGY
Job # |
25702 |
| Detailed
Update Description |
In the Regular Life module, a new feature has been added to calculate benefit reserves under several reserve methods, including SFAS 60 and US Stat (non-XXX methods).
The Reserve Method object "Term for reserves" switch has a new option "2 - Use initial term for reserves then taken to next premium increase". This will segment reserves at premium rate increases, beginning at the later of the first increase and the policy year specified in a new scalar field in Product Features: the "Initial term for reserves (years)". |
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