Question

Which of the following is NOT a factor considered in choosing withdrawal rates?

a.

Type of product

b.

Competitive situation of the product

c.

Size of premium

d.

Surrender value at maturity

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (d).Surrender value at maturity Explanation:Surrender value at maturity is not a factor considered in choosing withdrawal rates in insurance.

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Q. Which of the following is NOT a factor considered in choosing withdrawal rates?
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