CT5 Q&A Bank Part 2

Discussion in 'CT5' started by shdh, Mar 11, 2017.

  1. shdh

    shdh Ton up Member

    Hi,

    I have a query in Q2.29 of the question bank.
    In part 1 of the question, for EPV of benefits, why have we not multiplied (square root)of 1.06 to the whole of the formula, and done it only to the temporary part?

    Thank you for your help!
    Regards,
    Shyam
     
    shdh, Mar 11, 2017
    #1
  2. deepakraomore

    deepakraomore Member

    Claim acceleration affect only death benefit.
    Maturity benefit times known at outset whereas death benefit is assumed to be paid @ midyear for approximation.
    I mean check page 30 and 31 of 1st chapter
     
    deepakraomore, Mar 11, 2017
    #2
    shdh likes this.
  3. shdh

    shdh Ton up Member

    Thanks a lot for the reference.
    Thank you once again!

    Regards,
    Shyam
     
    shdh, Mar 11, 2017
    #3

Share This Page