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IFRS17 Contract boundary for Universal Life product

Life Insurance

What will be the contract boundary for an Universal Life product with:

  • Total policy term: 25 years
  • Compulsory premium payment period: 4 years

After the forth year, if there are sufficient funds in policy account to cover required premiums, the policy remains inforce.

Thanks in advance.

Posted Sep 19, 2023, 11:23 AM UTC

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