Q. What is a limitation of using the internal rate of return (IRR) in insurance?

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Q. What does the discounted payback period represent in insurance decision making?

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Q. How is the discounted payback period typically used in insurance decision making?

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Q. What are some advantages of the cash flow method in insurance pricing?

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Q. What is a limitation of the cash flow method in insurance pricing?

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Q. What are the two known methods of determination of price in insurance?

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Q. Which equation represents the determination of price in insurance using the formula method?

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Q. What is an important consideration in determining the price of insurance?

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Q. Which method is predominantly used for determining the price of insurance?

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Q. What is an important component of the price of insurance?

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Q. In an insurance company, a single decrement life table is used in calculation of premium in which of the following methods?

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Q. Determine the notation that is used for the present value of 1 payable every year to a life aged x as long the life is alive before age x+n (the first payment of 1 is paid at the end of year 1 from commencement of contract).

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Q. Which of the following is assumed in the cash flow method?

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Q. In life insurance product pricing, deaths are determined using a set of

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