[lmi-commits] [lmi] master d162b18 1/7: Improve documentation

[Greg Chicares]

branch: master
commit d162b183e3f0c3e6888566483d64ad6ddcefaf5f
Author: Gregory W. Chicares <gchicares@sbcglobal.net>
Commit: Gregory W. Chicares <gchicares@sbcglobal.net>

    Improve documentation
---
 ihs_avmly.cpp | 18 ++++++++++++++----
 1 file changed, 14 insertions(+), 4 deletions(-)

diff --git a/ihs_avmly.cpp b/ihs_avmly.cpp
index e480ad2..5c35409 100644
--- a/ihs_avmly.cpp
+++ b/ihs_avmly.cpp
@@ -1992,11 +1992,21 @@ void AccountValue::TxTestHoneymoonForExpiration()
         }
 }
 
-/// Subtract separate account load after monthly deductions: it is not
-/// regarded as part of monthly deductions per se.
+/// Subtract separate account load.
 ///
-/// When the sepacct load depends on each month's case total assets, the
-/// interest rate is no longer an annual invariant. Set it monthly here.
+/// Because it is debited before interest is credited, this load is
+/// appropriately reflected in guideline premium calculations: see
+/// '7702.html' [7/8].
+///
+/// This load is not regarded as part of monthly deductions per se.
+/// It is debited after monthly deductions, in accordance with common
+/// practice. (Long ago, lmi supported a product design that debited
+/// asset-based charges before the monthly deduction, but that quirky
+/// idea was abandoned).
+///
+/// When the sepacct load depends on each month's case total assets,
+/// the interest rate is no longer an annual invariant, so it must be
+/// dynamically determined here each month.
 
 void AccountValue::TxTakeSepAcctLoad()
 {