Actuary@22
Very Active Member
Hi
I have a few doubts in this chapter:
1.Pls explain situation 5 of early int rate change for Single premium policy.I didn't understand what the reading is trying to convey through this situation.
Section 5.4
2.Why is Investment assumption not included in this section and under prospective value would this assumption be prudent/best estimate?
3.Please explain why mortality assumption will not have much effect on the surrender values in case of most assurance contracts as per the paragraph on pg 19 in this section.
I have a few doubts in this chapter:
1.Pls explain situation 5 of early int rate change for Single premium policy.I didn't understand what the reading is trying to convey through this situation.
Section 5.4
2.Why is Investment assumption not included in this section and under prospective value would this assumption be prudent/best estimate?
3.Please explain why mortality assumption will not have much effect on the surrender values in case of most assurance contracts as per the paragraph on pg 19 in this section.