请认真看并仔细记住北美精算师考试——SOA真题November2003Course5（第5部分），这其中的纲要和分数分布都写得很清楚。
　　26. Rank in ascending order (smallest to largest) the mortality assumptions under the
　　following underwriting approaches.
　　I. Simplified issue
　　II. Nonmedical
　　III. Guaranteed issue
　　(A)
　　I
　　<
　　II
　　<
　　III
　　(B)
　　I
　　<
　　III
　　<
　　II
　　(C)
　　II
　　<
　　I
　　<
　　III
　　(D)
　　III
　　<
　　I
　　<
　　II
　　(E)
　　III
　　<
　　II
　　<
　　I
　　COURSE 5: Fall 2003 - 19 - GO ON TO NEXT PAGE
　　Morning Session
 
　　27. For dynamic life insurance produc ts, all of the following are true EXCEPT:
　　(A) Premiums are flexible.
　　(B) Commissions are a low percentage of premiums up to a “target premium.”
　　(C) Surrender charges reduce to zero over a number of years.
　　(D) Expense charges are usually a percentage of premiums plus a flat amount per
　　month.
　　(E) Death benefits are usually greater than or equal to the account value.
 
　　28. Rank in ascending order (smallest to largest) the following products according to the
　　level of investment risk transferred to policyholders.
　　I. Two-tiered annuity
　　II. Equity-indexed annuity
　　III. Variable universal life insurance
　　(A) I < II < III
　　(B) I < III < II
　　(C) II < I < III
　　(D) III < I < II
　　(E) III < II < I
　　COURSE 5: Fall 2003 - 20 - GO ON TO NEXT PAGE
　　Morning Session
 
　　29. A company may segment assets for all of the following reasons EXCEP T:
　　(A) To allow different lines of business to make independent investment choices.
　　(B) To simplify accounting.
　　(C) To back liabilities with assets of similar terms.
　　(D) To credit “new money” interest rates to policies.
　　(E) To back products that offer cash surrender values with liquid assets.
　　COURSE 5: Fall 2003 - 21 - GO ON TO NEXT PAGE
　　Morning Session
 
　　30. For a defined benefit pension plan, you are given:
　　Actuarial cost method: Traditional unit credit
　　Normal retirement benefit: 30 per month per year of service
　　Interest rate: 7.0%
　　Pre-retirement decrement other than death: None
　　Retirement age: 65
　　Participants as of January 1, 2002: 50 active participants, all age 55
　　Selected mortality value: q55 = 0.02
　　Normal cost for 2002: 150,000
　　All 50 participants are still active as of January 1, 2003.
　　Calculate the normal cost for 2003.
　　(A) 153,061
　　(B) 157,290
　　(C) 160,500
　　(D) 163,775
　　(E) 167,250
　　COURSE 5: Fall 2003 - 22 - GO ON TO NEXT PAGE
　　Morning Session
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　　COURSE 5: Fall 2003 - 23 - GO ON TO NEXT PAGE
　　Morning Session
 
　　31. For a prescription drug plan, you are given:
　　All prescriptions cost at least $10.
　　The average prescription is $75.
　　The current plan has a $5 per prescription copay.
　　The current utilization is 8,500 annual prescriptions per 1,000 members.
　　The utilization will drop to 7,800 annual prescriptions per 1,000 members if the
　　per prescription copay is increased from $5 to $10.
　　Calculate the estimated change in the gross cost per member per month (PMPM) if the
　　copay is increased from $5 to $10.
　　(A) -$3.40
　　(B) -$3.90
　　(C) -$4.40
　　(D) -$4.60
　　(E) -$7.30
　　COURSE 5: Fall 2003 - 24 - GO ON TO NEXT PAGE
　　Morning Session
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　　COURSE 5: Fall 2003 - 25 - GO ON TO NEXT PAGE
　　Morning Session
　　高顿网校之做人道理讲解：多讲点笑话，以幽默的态度处事，这样的日子会好过一点。