Question
a.
They always decrease profit margins
b.
They always increase profit margins
c.
They have no effect on profit margins
d.
They can either increase or decrease profit margins
Posted under IC 92 Actuarial Aspects of Product Development
Interact with the Community - Share Your Thoughts
Uncertain About the Answer? Seek Clarification Here.
Understand the Explanation? Include it Here.
Q. What effect do withdrawal terms have on profit margins?
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. What does withdrawal rate refer to in insurance?
View solution
Q. When are surrender rates applicable in insurance policies?
View solution
Q. What is the main factor influencing withdrawal rates?
View solution
Q. Which of the following is NOT a factor considered in choosing withdrawal rates?
View solution
Q. How are withdrawal rates assumed for modeling purposes?
View solution
Q. How does an actuary determine the best estimate rate of withdrawal?
View solution
Q. What factors impact the withdrawal rates in insurance?
View solution
Q. When analyzing withdrawal rates, what is considered if the company lacks adequate data?
View solution
Q. What may necessitate adjustments to withdrawal rates?
View solution
Q. What is the aim when determining withdrawal rates?
View solution
Q. How does the type of product influence withdrawal rates?
View solution
Q. How does past experience influence withdrawal rates?
View solution
Q. How does premium frequency affect withdrawal rates?
View solution
Q. How does the general economic situation impact withdrawal rates?
View solution
Q. In the scenario of economic deterioration, how does regular premium term insurance typically fare?
View solution
Q. How does economic deterioration impact single premium savings policies?
View solution
Q. What effect does economic downturn have on regular premium endowment assurance policies?
View solution
Q. How does the initiation of sales impact withdrawal rates?
View solution
Q. Which factor is likely to result in higher withdrawal rates?
View solution
Q. How does the target market affect withdrawal rates?
View solution
Recommended Subjects
Are you eager to expand your knowledge beyond IC 92 Actuarial Aspects of Product Development? We've handpicked a range of related categories that you might find intriguing.
Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!