Question

What is the primary purpose of using a standard table for mortality rates?

a.

To save resources in constructing own mortality tables

b.

To ensure consistent pricing across the industry

c.

To analyze the company's own experience

d.

To adjust mortality rates based on future conditions

Answer: (a).To save resources in constructing own mortality tables Explanation:The primary purpose of using a standard table for mortality rates is to save resources in constructing own mortality tables and to protect against errors that may arise.

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Q. What is the primary purpose of using a standard table for mortality rates?

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