高顿网校小编友情提醒您全心投入往年经典真题珍藏Course8IU（1）——北美精算师考试SOA学习。
　　Course 8I: Fall 2005 -1- GO ON TO NEXT PAGE
　　Individual Insurance – U.S.
　　Morning Session
　　**BEGINNING OF EXAMINATION 8**
　　INDIVIDUAL INSURANCE – U.S.
　　MORNING SESSION
 
　　1. (4 points) A recent mortality experience study shows that the substandard portion of the
　　company’s life insurance policies has worse than expected experience.
　　(a) Explain reasons substandard mortality experience may be higher than expected.
　　(b) Describe methods to reflect substandard risks in life insurance products.
　　(c) Determine the best method to reflect each of the following substandard risks:
　　(i) Obesity with diabetes
　　(ii) Recovering from a temporary impairment
　　(iii) Hazardous occupation
　　(iv) Normal blood pressure but family history of coronary artery disease
　　Course 8I: Fall 2005 -2- GO ON TO NEXT PAGE
　　Individual Insurance – U.S.
　　Morning Session
 
　　2. (5 points) A U.S. life insurance company is proposing a flexible premium deferred
　　annuity with the following features:
　　? Each deposit receives a guaranteed interest rate for the first five years based
　　on new money rates with an annually renewable interest rate thereafter.
　　? The minimum interest rate credited on funds and used in determining
　　minimum nonforfeiture amounts is guaranteed to be no less than 3%.
　　? The surrender charge is 15% of the current contract year deposit, plus 10%
　　of the prior contract year deposit.
　　? Surrender charges are waived upon annuitization.
　　? Return of principal is guaranteed during the first contract year.
　　? A death benefit is not provided during the deferral period.
　　? The annuitization bonus is 2% of account value.
　　? An annual fee of $75 is charged at the beginning of each contract year.
　　? An administrative load of 6% is applied to each deposit.
　　(a) Determine changes needed to the proposed product design in order to meet the
　　requi
　　高顿网校之考试励志精选：一个人有钱没钱不一定，但如果这个人没有了梦想，这个人穷定了。