The subtotal is calculated by taking the end balance (initial balance + premiums + interest), and taking away the surrender value.

The redress will be the subtotal value if it is positive or 0 if the subtotal is negative (i.e. no financial loss)

If the settlement date is after the calculation date, a Redress + Interest action tab should be added for this period of time.

Related Topics

Whole of Life Policy Scenario 1