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Decks in this class (28)

Chapter 1 - Time Value of Money
What is the essential feature of ...,
What is the accumulation factor f...,
Calculate the accumulated value o...
21  cards
Chapter 2 - Interest Rates
State a formula connecting effect...,
Calculate the annual rate of inte...,
Calculate the annual effective ra...
25  cards
Chapter 3 - Real and Money Interest Rates
What is the difference between mo...,
Give an example of when 2,
What are the relative sizes of th...
4  cards
Chapter 4 - Discounting and Accumulating
What are the formulae for the acc...,
Calculate the accumulated value a...,
What are the formulae for the pre...
7  cards
Chapter 5 - Level Annuities
Explain what the following functi...,
Calculate the present value at ti...,
Write down an expression for adue...
19  cards
Chapter 6 - Increasing Annuities
Explain what the following functi...,
Explain what the following functi...,
Explain how we would calculate th...
12  cards
Chapter 7 - Equations of Value
Express in general terms the equa...,
Express the equation of value in ...,
Explain how to determine the yiel...
10  cards
Chapter 8 - Loan Schedules
How do you calculate the loan or ...,
A loan of 50 000 is repaid using ...,
How do you calculate the interest...
11  cards
Chapter 9 - Project Appraisal
Define each of the following terms 1,
A business person is setting up a...,
A businessperson is setting up a ...
9  cards
Chapter 10 - Bonds, Equity and Property
What is the general equation of v...,
A fixed interest security has a t...,
What taxes might you need to take...
20  cards
Chapter 11 - Term Structure of Interest Rates
Define the n year discrete spot r...,
What is the discount factor from ...,
What is the definition of a discr...
31  cards
Chapter 12 - The Life Table
Define the following functions 1,
Give an expression for t px and t...,
Calculate the probability that a ...
20  cards
Chapter 13 - Life Assurance Contracts
Explain what is meant by a whole ...,
Explain what is meant by a term a...,
Explain what is meant by a pure e...
18  cards
Chapter 14 - Life Annuity Contracts
Explain what is meant by a life a...,
Let x denote the present value of...,
Let x denote the present value of...
16  cards
Chapter 15 - Evaluation of Assurances and Annuities
Give a formula that can be used t...,
Calculate the value of a 1_53 15 ...,
Give a formula that can be used t...
13  cards
Chapter 16 - Variable Benefits and Conventional With-Profits Policies
Consider a whole life assurance i...,
A life assurance company issues a...,
Consider a whole life annuity pay...
23  cards
Chapter 17 - Gross Premiums
Explain what is meant by the gros...,
Define the insurer s gross future...,
Consider a whole life assurance w...
13  cards
Chapter 18 - Gross Premium Reserves
Explain why it is prudent for a l...,
Explain what is meant by the term...,
Which premium is used in the calc...
19  cards
Chapter 19 - Joint Life and Last Survivor Functions
Define the random variables t xy ...,
Express the following in terms of...,
Calculate the values of the follo...
30  cards
Chapter 20 - Contingent and Reversionary Benefits
Explain what is meant by the symb...,
Simplify the following expressions 2,
Calculate the values of the follo...
21  cards
Chapter 21 - Mortality Profit
Give a formulae for the death str...,
Define the expected death strain ...,
Ten years ago a life insurance co...
4  cards
Chapter 22 - Competing Risks
Describe an income protection ins...,
Explain what is meant by a deferr...,
Explain the meaning of the notati...
23  cards
Chapter 23 - Unit-Linked and Accumulating With-Profits Contracts
Explain how premiums are invested...,
Describe two types of guaranteed ...,
Define the terms offer price bid ...
7  cards
Chapter 24 - Profit Testing
List the items that we have to co...,
List the items that we have to co...,
Explain how to calculate the insu...
16  cards
Chapter 25 - Reserving Aspects of Profit Testing
Explain how to calculate the last...,
If the last negative non unit cas...,
What is the next step after calcu...
7  cards
Symbol Meanings
I 1,
I p 2,
V 3
102  cards
Equations
I p 1,
V 2,
D 3
102  cards
Other equations
Price of security ignoring tax 1,
Price of security allowing for in...,
Price of security allowing for in...
46  cards

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m1

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