Podcast
Questions and Answers
What happens to the value of shares in a unitized with-profit policy as the fund earns investment return?
What happens to the value of shares in a unitized with-profit policy as the fund earns investment return?
- The value of shares increases (correct)
- The value of shares decreases
- The value of shares remains constant
- More shares are issued
Why were unitized with-profit products withdrawn from the UK and Australian markets by the early 2000s?
Why were unitized with-profit products withdrawn from the UK and Australian markets by the early 2000s?
- Due to lack of interest from customers
- Due to poor fund performance
- Due to poor publicity surrounding with-profit business (correct)
- Due to low insurance coverage
How is the benefit in equity-linked insurance calculated?
How is the benefit in equity-linked insurance calculated?
- As a fixed amount
- Based on the insurance company's profits
- Linked to the performance of an investment fund (correct)
- As a percentage of the premium paid
What is the main focus of Chapter 8 in the context of life insurance?
What is the main focus of Chapter 8 in the context of life insurance?
In Chapter 9, the theory developed in earlier chapters is applied to problems concerning what type of benefits?
In Chapter 9, the theory developed in earlier chapters is applied to problems concerning what type of benefits?
What is the key focus of Chapter 10 when it comes to risk in the insurance context?
What is the key focus of Chapter 10 when it comes to risk in the insurance context?
What important quantity is defined in the chapter on survival models?
What important quantity is defined in the chapter on survival models?
How does term insurance for lenders demanding from borrowers differ from standard term insurance?
How does term insurance for lenders demanding from borrowers differ from standard term insurance?
For with-profit whole life insurance, what are the advantages and disadvantages of a cash bonus for the insurer?
For with-profit whole life insurance, what are the advantages and disadvantages of a cash bonus for the insurer?
Why do insurers commonly design whole life contracts with premiums payable only up to age 80?
Why do insurers commonly design whole life contracts with premiums payable only up to age 80?
