考出北美精算师并不是很难哦，或许没多久就出来了，先把那些年的真题*7Course8IU（2）：北美精算师2014年份考试SOA，背起来。
　　rements of the Standard Nonforfeiture Law for Individual Deferred
　　Annuities.
　　(b) For a contract purchased on January 1, 2005, you are given:
　　Five-year constant maturity treasury rates
　　January 1, 2005 5.85%
　　January 1, 2006 5.50%
　　January 1, 2007 5.25%
　　January 1, 2008 4.75%
　　January 1, 2009 4.00%
　　Credited interest rate from January 1, 2005 to January 1, 2010 4.00%
　　Nonrefundable state premium tax rate 2.00%
　　Initial deposit paid on January 1, 2005 $50,000
　　Additional deposit paid on January 1, 2008 $5,000
　　Partial withdrawal on January 1, 2009 $10,000
　　Calculate the minimum nonforfeiture value allowed as of December 31, 2009
　　according to the Standard Nonforfeiture Law. Show all work.
　　Course 8I: Fall 2005 -3- GO ON TO NEXT PAGE
　　Individual Insurance – U.S.
　　Morning Session
 
　　3. (5 points) You are given the following assumptions for a variable annuity product with
　　a guaranteed minimum death benefit (GMDB):
　　Account Value at time 0 $1,500
　　Death Benefit at time 0 $1,750
　　Deposit Paid to Date $1,750
　　Net Asset Charges 1.00%
　　Valuation Rate 5.50%
　　Assumed First Year Drop -14%
　　Assumed Fund Recovery 14%
　　Death Benefit Guarantee Type Roll-up
　　Roll-up Interest Rate 5%
　　Duration of Contract 5 years
　　Valuation Time (t) 0 1
　　Surrender Charges as a percentage of deposit paid 7% 6%
　　GMDB Mortality Rates per thousand - 17.192
　　Survival Function 1.0000 0.9828
　　t
　　Projected Integrated
　　Reserve
　　2 1,409.22
　　3 1,419.49
　　4 1,425.54
　　5 1,416.31
　　(a) (1 point) Explain the calculation of the integrated reserve according to Actuarial
　　Guideline 34.
　　(b) (4 points) Calculate the integrated reserve at time 0, according to Actuarial
　　Guideline 34. Show all work.
　　Course 8I: Fall 2005 -4- GO ON TO NEXT PAGE
　　Individual Insurance – U.S.
　　Morning Session
　　Question 4 pertains to the Case Study.
 
　　4. (9 points) Saturn Life is developing a new v
　　高顿网校之名言警句：现在的一切都是为将来的梦想编织翅膀，让梦想在现实中展翅高飞。