I'm trying to figure out how to compute particular elements of MCEV (or EV), in particular PVFP. I came accross this paper by Swisslife, entitled "On the calculation of Embedded Value", where they give a detailed example of how to do that (page 17). The way the example is structured suggests that the interested reader could replicate the results, however I am not able to do that. I would very much be interested if there is anyone here who can and could enlighten me in this matter (on the sidenote I think that it is quite a nice brainteaser ).

The paper pops out in top three google search results, however here is the link

http://www.swisslife.com/etc/slml/sl...20englisch.pdf

Thanks in advance!