T
thepony
Member
Hi
I was wondering if someone knew the answers to any of the questions below:
Chapter 5
Q Need can be split by current / future and logical / emotional. Do these overlap or are they separate?
Is it possible you can get a logical current need? Got an example?
" logical future need? Got an example?
" emotional current need? Got an example?
" emotional future need? Got an example?
Chapter 1
Q Often the word "client" and "actuary" are mentioned.
What do we mean by these terms.
By the word "actuary" do we mean in the case of a life insurance office: AFH, WPA or any qualfiied actuary? If not what do we mean?
By the word "client" do we mean an external contractor doing work in a life insurance office?
Will there be more often than not conflicts of interests? If the external contractor "whistleblows" on the LI office will they not jeperdise any future consulting work with the firm they belong to?
Chapter 10
Page 8
Q What do you mean by RIDER BENEFIT? Is it like an "optional benefit" on a product. E.g. think of it as an option when purchasing a car?
Chapter 12
Page 12
Q It mentions in the notes nominal cashflows are discounted using a nominal discount rate. Do nominal cashflows include inflation? What do we mean by nominal cashflows?
Do we use NPV and IRR for the initial appraisal of capital projects or ONLY when doing a DETAILED APPRAISAL?
I was wondering if someone knew the answers to any of the questions below:
Chapter 5
Q Need can be split by current / future and logical / emotional. Do these overlap or are they separate?
Is it possible you can get a logical current need? Got an example?
" logical future need? Got an example?
" emotional current need? Got an example?
" emotional future need? Got an example?
Chapter 1
Q Often the word "client" and "actuary" are mentioned.
What do we mean by these terms.
By the word "actuary" do we mean in the case of a life insurance office: AFH, WPA or any qualfiied actuary? If not what do we mean?
By the word "client" do we mean an external contractor doing work in a life insurance office?
Will there be more often than not conflicts of interests? If the external contractor "whistleblows" on the LI office will they not jeperdise any future consulting work with the firm they belong to?
Chapter 10
Page 8
Q What do you mean by RIDER BENEFIT? Is it like an "optional benefit" on a product. E.g. think of it as an option when purchasing a car?
Chapter 12
Page 12
Q It mentions in the notes nominal cashflows are discounted using a nominal discount rate. Do nominal cashflows include inflation? What do we mean by nominal cashflows?
Do we use NPV and IRR for the initial appraisal of capital projects or ONLY when doing a DETAILED APPRAISAL?