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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 • Lapses during the year 50 • 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 • Lapses during the year 50 • 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
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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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 • Maximum annual withdrawal benefit allowed per contract = 5000 Calculate the frequency, severity, and utilization rate for this cohort.
Transcribed Image Text: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 • Maximum annual withdrawal benefit allowed per contract = 5000 Calculate the frequency, severity, and utilization rate for this cohort.
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