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Alternative Slices: Guarantee

This field determines whether and how the Alternate Slices apply. Select from the drop-down list one of the following options:

  • Ignore
  • Maximum
  • Minimum
  • Scale down

If Ignore is selected then the Alternate Slices are ignored and only the (normal) Benefit Slices will be valued.

If Maximum is selected then the benefits arising at exit from Benefit Slices and Alternate Slices are compared and the greater is valued.

If Minimum is selected then the benefit arising at exit from Benefit Slices and Alternate Slices are compared and the lower is valued.

If Scale Down is selected then the benefits arising at exit from Benefit Slices and Alternate Slices are compared. If the benefits on the Alternate Slices are smaller than the benefits from the Benefit Slices then the benefit on the Normal Slices is scaled down in proportion.

Not all options are available to all users.