Description |
Reserve Interest Rate Split Duration |
Type : Integer |
Definition |
For plans that utilize split interest for reserve calculations, this is the duration (policy year) after which the ultimate interest rate becomes effective. For example, a plan may have 5.5% interest for 20 years and 4% interest thereafter. In this example, 5.5% would be the InitialReserveIntRate, 20 would be the ReserveIntRateSplitDur, and 4% would be the ultimate reserve interest rate (ReserveIntRate). |
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