| Provides the rules for calculating various regulatory defined premiums: e.g. 7-pay premiums,
guideline annual premiums, guideline single premiums. All of the properties in
IRSPremCalcMethod are there to describe the assumptions that are used in the calculation of
the particular premium type. For example, Guideline Annual Premiums may be calculated assuming
guaranteed mortality, current interest for the first year, and guaranteed interest thereafter.
Or they could be calculated using current mortality and current interest. The duration is not
the duration of the premium, but is specifically the duration of the initial interest
rate. |
IRSPremCalcMethodSysKey