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  • C2A - May - LAQ - 1 - Examlife Product Liabilities

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    Jeff Gundy
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    Examlife's largest product liabilities in December 2012 were for 10 year Level Term at $805 million, Investment Linked - Capital Secure at $2,314 million, and Investment Linked - Balanced at $1,698 million. The Disability Income product had policy liabilities of $675 million for active lives and $413 million for outstanding claims, and premiums are 10 year level with benefits inflation indexed up to 4% annually. The total product liabilities for all products was $6,599 million, above the minimum regulatory capital required of $312 million but less than the actual capital allocated of $367 million.

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    C2A_May_LAQ_1_Examlife Product Liabilities.xlsx

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    Examlife's largest product liabilities in December 2012 were for 10 year Level Term at $805 million, Investment Linked - Capital Secure at $2,314 million, and Investment Linked - Balanced at $1,698 million. The Disability Income product had policy liabilities of $675 million for active lives and $413 million for outstanding claims, and premiums are 10 year level with benefits inflation indexed up to 4% annually. The total product liabilities for all products was $6,599 million, above the minimum regulatory capital required of $312 million but less than the actual capital allocated of $367 million.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    7 views1 page

    C2A - May - LAQ - 1 - Examlife Product Liabilities

    Uploaded by

    Jeff Gundy
    Examlife's largest product liabilities in December 2012 were for 10 year Level Term at $805 million, Investment Linked - Capital Secure at $2,314 million, and Investment Linked - Balanced at $1,698 million. The Disability Income product had policy liabilities of $675 million for active lives and $413 million for outstanding claims, and premiums are 10 year level with benefits inflation indexed up to 4% annually. The total product liabilities for all products was $6,599 million, above the minimum regulatory capital required of $312 million but less than the actual capital allocated of $367 million.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 1

    Examlife Product Liabilities as at December 2012

    Minimum Actual
    Regulatory
    Product Policy Liability Capital Capital
    Allocated
    Required
    $ million $ million $ million

    10 year Level Term 805 50 60


    Yearly Renewable Term 345 12 18
    Disability Income Active Lives 675 120 135
    Disability Income Outstanding Claims 413 85 100
    Participating WoL 349 35 42
    Investment Linked - Balanced 1,698 4 5
    Investment Linked - Capital Secure 2,314 6 7

    TOTAL 6,599 312 367

    The Disability Income product has the


    following key characteristics

    Premiums are 10 year level


    All benefit payments are inflation indexed subject to a maximum of 4% p.a.

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