#polish - [Pricing: Please kindly find the distribution of the 1000 BEL with policyholder shares of 95.6% on positive terminal asset shares only. The distributions are highly right skewed, with most values clustered in the lower range and a long tail toward higher value. This pattern reflects the asset projection, which is also biased toward negative side. The volatilities for equities are calculated using returns from the ESG provided by ACT. Based on a 10-year average, the equity volatility is approximately 20% for PE. Bond volatility is ~7%, derived from the stochastic model based on the spot rate/ bond spread/ transitional matrix from the ESG before rebalancing and projected using the initial premium only.]