Your annual cash payout and maturity benefit may be reduced or terminated if the counterparties or the security issuers connected with the underlying assets encounter default, any credit event, or other similar issues such as change in law, or if you surrender your policy. The value of reduction will depend on many factors such as, but not limited to, the recoverable amount in a credit event and costs associated with FX unwinding. In such circumstances, you may lose some or all of your single premium.