You are given the following for cohort of VA GLWB contracts aged 65: • Beginning of year contracts in force 1500 • Deaths during the year 10 %3D %3D • Lapses during the year 50 %3D • Number of contracts who took withdrawals = 550 %3D • Total amount of withdrawals taken for the year = 2 million %3D • Maximum annual withdrawal benefit allowed per contract 5000 Calculate the frequency, severity, and utilization rate for this cohort.
You are given the following for cohort of VA GLWB contracts aged 65: • Beginning of year contracts in force 1500 • Deaths during the year 10 %3D %3D • Lapses during the year 50 %3D • Number of contracts who took withdrawals = 550 %3D • Total amount of withdrawals taken for the year = 2 million %3D • Maximum annual withdrawal benefit allowed per contract 5000 Calculate the frequency, severity, and utilization rate for this cohort.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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