The Life Assurance Company (in this case Irish Life) has the command of means of knowledge regarding the various risk factors relating to the Endowment Mortgage.
As we have previously shown, these risk factors include:
| (a) |
The Risks associated with the CONDITIONAL dependence on the assumed growth rate being achieved. |
| (b) |
The Risks associated with the DEPENDENCE on Bonus. |
| (c) |
The Risks associated with the fact that the Endowment Mortgage is a Risk-Investment product. |
Of all these risk factors, the Risks associated with the DEPENDENCE on Bonus differ in one very significant regard.
The Risks associated with the Dependence on Bonus are Risks WHOLLY CREATED by the Life Assurance Company itself ——— they are not caused by any outside factors.
It is each individual Life Assurance Company itself that gives instrumentality to the Risks associated with Dependence on Bonus.