A comparison of reserves for accumulating traditional with-profits business on the basis proposed in the paper, "A Review of the Statutory Valuation of LongTerm Insurance Business in the United Kingdom', is set out in the attached Appendix 1. The policies in question are pure endowment pension plans for terms of ten and twenty-five years, with premiums of £500 p.a. The issuing office is a mutual, and all expenses and mortality have been ignored for simplicity.The assumptions underlying these results are as fo…
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