VACARVM Implementation
VACARVM is Effective Year-End 2009.
Just as we finish the year-end 2008 work, we now must tackle VACARVM. Recently, we have helped a few clients set up VACARVM, and we want to help you too. Send us your annuity setup, and let us make the changes. You will be surprised at how fast and inexpensive it is to make an existing AnnuityMaster setup produce VACARVM results. VACARVM has two components: a standard scenario and stochastic analysis. Most practitioners are convinced that the standard scenario will be the dominant component. We support the standard scenario within AnnuityDelphi. The stochastic analysis component requires AnnuityDelphi and Asset Delphi.
Standard Scenario
PolySystems has completed all of the software changes to AnnuityDelphi to compute the standard scenario. We will build a special PMF at the policy level that will hold the surrender charge amortization period, basic adjusted reserve, the greatest present value of negative accumulated net revenue and the standard scenario amount. You will have one file with both the old and the new reserves.
You will need a license for AnnuityDelphi, and you will need the rider data in the VMF and the PMF. The system produces results at the policy level.
If you are not on the latest version, we will roll you up. We will make the changes to the PMF files, add table coding, test the results and return a working, documented setup to you in about two weeks.
Stochastic Analysis
The stochastic scenario component requires additional work to bring in general account assets and set up the model tests. We are ready to implement this on your behalf as well. You will need a license for AnnuityDelphi and Asset Delphi to complete the stochastic analysis. We can also supply our grid product in order to make the runs complete on time.
We want to ease your transition to VACARVM. Let us describe how we can help you. We will need a short discussion in order to outline how the solution will fit your needs.
Please contact Bob Keating at 312.332.5670 or via email.