Question

Which of the following is a factor to determine the rate of withdrawal?

a.

Life table

b.

Underwriting expenses

c.

Financial knowledge of the client

d.

Color of skin

Answer: (c).Financial knowledge of the client Explanation:Financial knowledge of the client affects the withdrawal rates.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. Which of the following is a factor to determine the rate of withdrawal?

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. If actual profits from withdrawal are more than the expected profit without withdrawals, then this policy will impact profit…..

Q. How is withdrawal risk mainly controlled in insurance?

Q. What is withdrawal risk in insurance?

Q. What impact do withdrawal rates have on profits in insurance?

Q. How are withdrawal rates related to persistency rates?

Q. Which statement accurately describes persistency in life insurance policies?

Q. How can insurance companies encourage regular premium payments?

Q. What approach can be used to incentivize agents to promote persistency?

Q. How can withdrawal risk be primarily controlled in insurance?

Q. What is the main factor determining the financial significance of withdrawal risk in insurance?

Q. How do withdrawals impact mortality and expense assumptions in insurance?

Q. What is model risk associated with withdrawal risk?

Q. How can term products be designed to mitigate withdrawal risk?

Q. What does withdrawal risk refer to in insurance?

Q. What factors are considered when determining the weight to give to own experience and estimation in withdrawal experience analysis?

Q. When would the presentation of withdrawal rate results require further consolidation?

Q. What is the purpose of regrouping data in withdrawal experience analysis?

Q. Which events should be excluded from the calculation of withdrawal rates?

Q. How are first-year withdrawal rates calculated?

Q. Which factors are typically considered in the grouping of data for withdrawal experience analysis?

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!