高顿项目

国内财会

国际财会

金融证书

公务员

考研

考研

继续教育

继续教育

在职硕博

学历学位

国企求职

军队文职

军队文职

职业提升

语言培训

出国留学

海外留学

精算师考试北美考区真题荟萃：November2003Course8I（第二堂课）

来源：高顿网校 2014-08-19

　　请耐心回忆老师上课说的知识点，有遗漏的可以从下列大纲中找：精算师考试北美考区真题荟萃：November2003Course8I（第二堂课）。
　　3. Continued

　　You are given:

　　? The male age 40 aggregate rate from the 1975-80 Ultimate Table is 1.56

　　per 1000.

　　? 40% of the current Nonsmoker class will qualify for the Preferred

　　Nonsmoker class of the 3-class product.

　　? The Preferred Nonsmoker class of the 3-class product will experience 38%

　　of the aggregate 1975-80 Ultimate Table.

　　? If a Super Preferred Nonsmoker class is added to a 3-class product, a 5%

　　discount in mortality is expected from the Preferred Nonsmoker class.

　　? 35% of the Preferred Nonsmoker class of a 3-class product will qualify for

　　the Super Preferred Nonsmoker class of a 4-class product.

　　(a) Evaluate the Preferred Nonsmoker underwriting definitions proposed by the

　　underwriters.

　　(b) Calculate the expected mortality rate for a male age 40 Preferred Nonsmoker for a

　　4-class product. Show all work.

　　(c) Describe considerations used in determining the amount of discount to be

　　assumed in developing a mortality assumption and a qualifying percentage.

　　COURSE 8I: Fall 2003 -5- GO ON TO NEXT PAGE

　　Individual Insurance

　　Morning Session

　　4. (7 points) ABC Life is demutualizing. One hundred million shares are to be allocated,

　　and each policy will receive 5 shares as a fixed allocation. You are given:

　　Number of

　　Inforce Policies

　　Base Policy: Actuarial

　　Contribution Per Policy

　　Riders: Actuarial

　　Contribution Per Policy

　　Product A 1 million 50 -25

　　Product B 1 million -25 25

　　Product C 1 million -25 0

　　Product D 1 million 15 10

　　(a) Describe considerations in calculating actuarial contributions.

　　(b) Explain considerations in the allocation of positive and negative actuarial

　　contributions.

　　(c) Determine the number of shares that each policyholder will receive for each of the

　　applicable methods of allocating policyholder contribution.

　　COURSE 8I: Fall 2003 -6- GO ON TO NEXT PAGE

　　Individual Insurance

　　Morning Session

　　5. (5 points) ABC Life is a stock life insurance company looking to grow its immediate

　　annuity sales volumes.

　　You are given:

　　? The product is distributed through independent brokers to individual clients.

　　? Annuity payment rates reflect the declining interest rates and lengthening life

　　expectancies of the last few years.

　　? ABC Life has lost market share.

　　? Current payment rates per $1,000 of single premium are 15% to 25% lower

　　than rates for competitors.

　　? Commission rates are similar to those of competitors.

　　Financial information (in millions):

　　2001 2002

　　Premium $50.00 $50.00

　　Benefits $2.40 $6.60

　　Expenses $6.30 $6.40

　　Inv Inc on Solv Reserves $9.80 $13.70

　　Solvency Reserves $150.00 $198.00

　　Required Capital $1.50 $2.95

　　Inv Inc on Required Capital $0.06 $0.20

　　Benefit Reserves $130.00 $170.00

　　DAC Amortization $5.00 $9.50

　　Deferred Tax Provision $0.00 $0.00

　　GAAP Assets $49.66 $98.35

　　(a) Assess the applicability of possible pricing strategies.

　　(b) Calculate the distributable earnings for 2002, assuming solvency earnings are

　　taxed at 40%. Show all work.

　　COURSE 8I: Fall 2003 -7- GO ON TO NEXT PAGE

　　Individual Insurance

　　Morning Session
　　世上有两件事不能等：一、孝顺。二、行善。——高顿网校名人感触

扫一扫微信，关注精算师*7考试动态

版权声明：本条内容自发布之日起，有效期为一个月。凡本网站注明“来源高顿教育”或“来源高顿网校”或“来源高顿”的所有作品，均为本网站合法拥有版权的作品，未经本网站授权，任何媒体、网站、个人不得转载、链接、转帖或以其他方式使用。经本网站合法授权的，应在授权范围内使用，且使用时必须注明“来源高顿教育”或“来源高顿网校”或“来源高顿”，并不得对作品中出现的“高顿”字样进行删减、替换等。违反上述声明者，本网站将依法追究其法律责任。本网站的部分资料转载自互联网，均尽力标明作者和出处。本网站转载的目的在于传递更多信息，并不意味着赞同其观点或证实其描述，本网站不对其真实性负责。如您认为本网站刊载作品涉及版权等问题，请与本网站联系(邮箱fawu@gaodun.com，电话：021-31587497)，本网站核实确认后会尽快予以处理。

展开全文咨询在线

严选名师全流程服务

其他人还搜了热门推荐