When Switch Between Fixed Loan and Variable Loan Type and when Client Switch Index Allocation,

Dear all,

1. When switch between wash/fixed loan and Variable loan type, In general, for example, for North America and Midland IUL, When client switch between wash/fixed loan and Variable loan type,

does the switched new loan type will ONLY apply to NEW loans ( borrowed in the future AFTER switching), or the new switched loan type will ALSO apply to the loan amount which client borrowed BEFORE the loan type switching ?

2. When client switch from old to a new index allocation strategy each year, does the new index strategy ONLY applies on new premium coming in later, or does the new
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