Interview Question for CT5 – 3

Actuary Forums › Forums › Actuarial Subjects › CM1 (CT1 & CT5) › Inerview Questions › Interview Question for CT5 – 3

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  • February 24, 2019 at 10:10 am #23304
    Rishabh Surana
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      Q. How assurance contracts differ from annuity contracts?

      Ans: Assurance contracts are the ones where the insurer typically pays a lump sum amount to the policyholder on the occurrence of a specified event (death or maturity).

      Whereas in annuity contracts, a regular income i.e. series of incomes is paid to the policyholder/nominee .

      Also Read : Non Negative Claw Back Addition

      http://forum.theactuarialclub.com/viewtopic.php?t=2726

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    Actuary Forums › Forums › Actuarial Subjects › CM1 (CT1 & CT5) › Inerview Questions › Interview Question for CT5 – 3