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    Question

    What are the assumptions about rates of investment earnings, mortality, turnover and distribution or actual ages at which employees are likely to retire?

    A Actual Loss Ratio Correct Answer Incorrect Answer
    B Acts of God Correct Answer Incorrect Answer
    C Actuarial Cost Assumptions Correct Answer Incorrect Answer
    D Combined Ratio Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Actuarial cost assumptions include the expected benefit of the policy or pension, the age at which the pensioner is expected to retire, and the return on investment on the premiums the pensioner makes, among other things.

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