Question

What are With-profit contracts?

a.

Contracts that offer fixed benefits without any bonuses

b.

Contracts that offer bonuses along with benefits payable on specified events or annually

c.

Contracts that offer survival benefits only

d.

Contracts that offer increasing death benefits over time

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (b).Contracts that offer bonuses along with benefits payable on specified events or annually Explanation:With-profit contracts offer bonuses along with benefits payable on specified events or annually.

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