future premiums universal life
With respect to contract boundaries, the IFRS wg discussed the situation in solvency 2. In Q&A answer 19 below, CEIOPS seems to suggest that also in univeral life all future premiums are withing the contract boundary. The point made is that the ability to amend benefits must be UNLIMITED. This is the opposite of what most members of the IFRS wg think to be the case. How then to interpret Q&A19? Dismiss it ? http://www.ceiops.eu/media/files/consultations/QIS/QIS5/CEIOPS-Q&A-docum...





