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sr #105879: Level non-Mec premium and specified amount solves

Submitted by:  Kimberly Murphy <kmurphy>
Submitted on:  Thu 31 May 2007 04:35:40 PM UTC  
 
Category: NoneStatus: Ready For Test
Priority: 5 - NormalSeverity: 4 - Important
Assigned to: Wendy Boutin <wboutin>Open/Closed: Open

Fri 19 Dec 2008 02:19:57 PM UTC, comment #1:

Usually, paying the seven-pay premium in each of the first
seven years is the most efficient scenario. That strategy
doesn't fit this case:

We have a switch to avoid a MEC by limiting premium as it's
paid in each successive year, but that limit violates the
"never any less" part of (1) for highly-funded contracts:
the er shouldn't benefit from the ee's prefunding. Thus, an
(iterative) solve is necessary for er-payment lookahead.

Greg Chicares <chicares>
Project Administrator
Thu 31 May 2007 04:35:40 PM UTC, original submission:

Users have requested new solves that will determine:

- the level non-Mec premium, given a specified face
amount over a user specified number of years. The
user specified number of years is likely to be greater
than seven.

- the level non-Mec specified amount, given a
specified premium.

Kimberly Murphy <kmurphy>

 

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Depends on the following items: None found

Items that depend on this one: None found

 

Carbon-Copy List
  • -unavailable- added by chicares (Posted a comment)
  • -unavailable- added by kmurphy (Submitted the item)
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    Follow 3 latest changes.

    Date Changed By Updated Field Previous Value => Replaced By
    Sat 07 Mar 2009 10:15:14 PM UTCchicaresStatusNone=>Ready For Test
      Severity1 - Wish=>4 - Important
      Assigned toNone=>wboutin
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