lmi
[Top][All Lists]
Advanced

[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

[lmi] Release notes for lmi-20120125T1522Z


From: Boutin, Wendy
Subject: [lmi] Release notes for lmi-20120125T1522Z
Date: Fri, 10 Feb 2012 10:27:31 -0500

For a variable illustration with all premiums allocated to the
general account, the average fund fee used to be calculated as
zero, because the weight for each fund was zero. That caused the
separate-account net rate to equal the gross rate, which looked
wrong even though it didn't affect policy values. Now a straight
average fund fee is used, and plausible interest rates are shown
even when nothing is invested in the separate account.

When specified amount is determined so as to make all premium
fully commissionable, the result is now correct for all modes.
Formerly, annualized premium had been redundantly multiplied by
payment frequency in this calculation, so that specified amount
was twelve times too large if premiums were paid monthly.

GPT data from inforce extracts that were previously ignored are
now used. One inforce GPT case produces the expected outcome for
a complex change, and the monthly trace has been expanded to make
verification easier. More work is necessary to match admin-system
calculations for GPT and MEC testing.



This e-mail transmission may contain information that is proprietary, 
privileged and/or confidential and is intended exclusively for the person(s) to 
whom it is addressed. Any use, copying, retention or disclosure by any person 
other than the intended recipient or the intended recipient's designees is 
strictly prohibited. If you are not the intended recipient or their designee, 
please notify the sender immediately by return e-mail and delete all copies.




reply via email to

[Prev in Thread] Current Thread [Next in Thread]