Question
a.
By multiplying the benefit amount by the probability of it being payable
b.
By adding the benefit amount to the probability of it being payable
c.
By subtracting the probability of benefit payment from the benefit amount
d.
By dividing the benefit amount by the probability of it being payable
Posted under IC 92 Actuarial Aspects of Product Development
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Q. How can the cost of benefit be calculated in insurance terms?
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