瑞达 Rejda 保险教材英文练习题13.docx
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瑞达Rejda保险教材英文练习题13
PrinciplesofRiskManagementandInsurance,11e（Rejda）
Chapter13BuyingLifeInsurance
1）MajorfactorsthatmustbeconsideredindeterminingthecostoflifeinsuranceincludeallofthefollowingEXCEPT
A）timevalueofmoney.
B）premiumspaid.
C）settlementoptions.
D）dividends.
Answer:
C
QuestionStatus:
PreviousEdition
2）Underthetraditionalnetcostmethod,thenetcostoflifeinsuranceforagivenperiod（e.g.,20years）isdeterminedbywhichofthefollowingformulas?
A）thetotalpremiumsfortheperiodlessthepolicyreserveattheendoftheperiod.
B）thetotalpremiumsfortheperiodlessthesumofthetotaldividendsreceivedduringtheperiodandthecashvalueattheendoftheperiod.
C）thesumofthetotalpremiumsanddividendsfortheperiodlessthecashvalueattheendoftheperiod.
D）thesumofthetotaldividendsreceivedduringtheperiodandthecashvalueatthebeginningoftheperiodlessthetotalpremiumspaidfortheperiod.
Answer:
B
QuestionStatus:
PreviousEdition
3）Whichofthefollowingstatementsaboutthetraditionalnetcostmethodofmeasuringthecostoflifeinsuranceis（are）true?
I.Thetraditionalnetcostmethoddoesnotconsiderthetimevalueofmoney.
II.Thetraditionalnetcostmethodcanshowthatlifeinsurancehasanegativecost.
A）Ionly
B）IIonly
C）bothIandII
D）neitherInorII
Answer:
C
QuestionStatus:
PreviousEdition
4）AllofthefollowingstatementsaboutthesurrendercostindexformeasuringthecostoflifeinsurancearetrueEXCEPT
A）Itisbasedonaspecifictimeperiod,suchas10or20years.
B）Ittakesintoaccountthesettlementoptionsavailableinthepolicy.
C）Itrequiresthatannualpremiumsbeaccumulatedataspecifiedinterestrate.
D）Ittakestheamountandtimingofeachdividendintoconsideration.
Answer:
B
QuestionStatus:
PreviousEdition
5）Whichofthefollowingstatementsdescribeshowthenetpaymentcostindexdiffersfromthesurrendercostindex?
A）Dividendsareignored.
B）Thecashvalueisignored.
C）Premiumsarenotaccumulatedataspecifiedinterestrate.
D）Dividendsarenotaccumulatedataspecifiedinterestrate.
Answer:
B
QuestionStatus:
PreviousEdition
6）Davidpurchaseda$100,000participatingwholelifepolicy.Theannualpremiumis$2,280.Projecteddividendsforthefirst20yearsare$15,624.Thecashvalueafter20yearswillbe$35,260.Ifthepremiumswereinvestedat5percentfor20years,thepremiumswouldgrowto$79,156.Ifthedividendswereaccumulatedat5percentfor20years,theywouldgrowtobe$24,400.Theamounttowhich$1depositedannuallywillaccumulatein20yearsat5percentis$34.719.Basedonthisinformation,whatisthetraditionalnetcostperthousandperyearofDavid'spolicyoverthe20-yearperiod?
A）-$1.52
B）-$2.64
C）$5.17
D）$9.75
Answer:
B
QuestionStatus:
PreviousEdition
7）Davidpurchaseda$100,000participatingwholelifepolicy.Theannualpremiumis$2,280.Projecteddividendsforthefirst20yearsare$15,624.Thecashvalueafter20yearswillbe$35,260.Ifthepremiumswereinvestedat5percentfor20years,thepremiumswouldgrowto$79,156.Ifthedividendswereaccumulatedat5percentfor20years,theywouldgrowtobe$24,400.Theamounttowhich$1depositedannuallywillaccumulatein20yearsat5percentis$34.719.Basedonthisinformation,whatisthesurrendercostperthousandperyearofDavid'spolicyoverthe20-yearperiod?
A）$5.62
B）$13.75
C）$15.77
D）$27.38
Answer:
A
QuestionStatus:
PreviousEdition
8）Davidpurchaseda$100,000participatingwholelifepolicy.Theannualpremiumis$2,280.Projecteddividendsforthefirst20yearsare$15,624.Thecashvalueafter20yearswillbe$35,260.Ifthepremiumswereinvestedat5percentfor20years,thepremiumswouldgrowto$79,156.Ifthedividendswereaccumulatedat5percentfor20years,theywouldgrowtobe$24,400.Theamounttowhich$1depositedannuallywillaccumulatein20yearsat5percentis$34.719.Basedonthisinformation,whatisthenetpaymentcostperthousandperyearofDavid'spolicyoverthe20-yearperiod?
A）$5.62
B）$13.75
C）$15.77
D）$27.38
Answer:
C
QuestionStatus:
PreviousEdition
9）Whichofthefollowingstatementsabouttheuseofinterest-adjustedcostdataforcomparinglifeinsurancepoliciesis（are）true?
I.Usinginterest-adjustedcostdataprovidesamoreaccuratemeasureofthecostoflifeinsurancethanisprovidedifthetimevalueofmoneyisignored.
II.Itsuseismostappropriateindecidingbetweenpolicieswhenthecostvariationisverysmall.
A）Ionly
B）IIonly
C）bothIandII
D）neitherInorII
Answer:
A
QuestionStatus:
PreviousEdition
10）WhichofthefollowingstatementsabouttheLintonyieldis（are）true?
I.Itisbasedontheassumptionthatacash-valuepolicycanbeviewedasacombinationofinsuranceprotectionandasavingsfund.
II.Itistheaveragecompoundannualrateofreturnrequiredtomakethesavingsdepositsinalifeinsurancepolicyequaltothepolicy'sguaranteedcashvalueattheendofaspecifiedperiod.
A）Ionly
B）IIonly
C）bothIandII
D）neitherInorII
Answer:
C
QuestionStatus:
PreviousEdition
11）Whichofthefollowingstatementsabouttheyearly-rate-of-returnmethod（alsoknownastheBelthmethod）ofcalculatingtheyearlyrateofreturnforalifeinsurancepolicyis（are）true?
I.Theformularequirestheuseofbenchmarkpricesper$1,000ofprotection.
II.Themaindrawbackoftheformulaisitscomplexity,necessitatingtheuseofacomputertocalculatetherateofreturn.
A）Ionly
B）IIonly
C）bothIandII
D）neitherInorII
Answer:
A
QuestionStatus:
PreviousEdition
12）ConsumerexpertstypicallyrecommendallofthefollowingruleswhenbuyinglifeinsuranceEXCEPT
A）Considerthefinancialstrengthoftheinsurer.
B）Dealwithacompetentagent.
C）Ignoreallfactorsotherthancost.
D）Shoparoundforalow-costpolicy.
Answer:
C
QuestionStatus:
PreviousEdition
13）Consumerexpertstypicallyrecommendwhichofthefollowingrulesforpurchasinglifeinsurance?
I.Avoidpolicieswhichpaydividends.
II.Purchaselifeinsuranceequaltotentimesyourannualsalary.
A）Ionly
B）IIonly
C）bothIandII
D）neitherInorII
Answer:
D
QuestionStatus:
PreviousEdition
14）Whymighttheuseof"grades"assignedbyalifeinsurancecompanyratingorganizationnotbeareliableguideforconsumers?
I.Therearewidevariationsingradesgivenbythedifferentratingorganizations.
II.Theyignorefactorssuchasprofitabilityandqualityofinvestments.
A）Ionly
B）IIonly
C）bothIandII
D）neitherInorII
Answer:
A
QuestionStatus:
PreviousEdition
15）Marshallisinterestedindeterminingthecostperthousandofhislifeinsurancepolicy.WhichofthefollowingwillprovideMarshallthemostmeaningfulmeasureofthecostperthousanddollarsperyearofhislifeinsurance?
A）theneedsapproach
B）thetraditionalnetcostmethod
C）thehumanlifevalueapproach
D）thesurrendercostindex
Answer:
D
QuestionStatus:
PreviousEdition
16）Lynncalculatedthefuturevalueofthefirsttwentypremiumsshewillpayunderhernonparticipatingwholelifeinsurancepolicy.Thenshesubtractedthecashvalueafter20years.Next,shedividedthisvaluebythefuturevalueannuityduefactorfor20yearstoarriveatanannualcostofinsurance.Finally,shedividedtheannualcostbythenumberofthousandsofdollarsoflifeinsurancepurchasedtoarriveatthecostperthousandperyear.Lynncalculatedthe
A）traditionalnetcostperthousandperyear.
B）theLintonYield.
C）thesurrendercostperthousandperyear.
D）thenetpaymentcostperthousandperyear.
Answer:
C
QuestionStatus:
PreviousEdition
17）Whichmethodofanalyzingthecostoflifeinsurancedoesnotconsiderthecashvalueofthepolicyintheanalysis?
A）traditionalnetcostmethod
B）netpaymentcostindex
C）theLintonYield
D）thesurrendercostindex
Answer:
B
QuestionStatus:
PreviousEdition
18）Maryisinterestedincomparinglifeinsurancepolicies.Ratherthanlookingatthecostperthousand,shewouldliketocomparetherateofreturnearnedonthesavingsportionofthepolicy.WhichofthefollowingwouldbeofthemostinteresttoMary?
A）thepolicy'sLintonYield
B）thepolicy'ssurrendercost
C）thepolicy'straditionalnetcost
D）thepolicy'snetpaymentcost
Answer:
A
QuestionStatus:
PreviousEdition
19）Whichofthefollowingstatementsis（are）trueregardingtaxationoflifeinsurance?
I.Lifeinsuranceproceedspaidinalump-sumtoadesignatedbeneficiaryarereceivedfreeoffederalincometaxes.
II.Thepolicyownermustpaytaxesannuallyontheamountbywhichthecashvalueofhisorherlifeinsurancepolicyhasincreased.
A）Ionly
B）IIonly
C）bothIandII
D）neitherInorII
Answer:
A
QuestionStatus:
PreviousEdition
20）Thefirststepin"shoppingforlifeinsurance"isto
A）estimatetheamountoflifeinsurancetopurchase.
B）decidewhetheryouwantapolicywhichpaysdividends.
C）determineifyouneedlifeinsurance.
D）decideonthebesttypeoflifeinsuranceforyou.
Answer:
C
QuestionStatus:
PreviousEdition
21）Lisadoesnotwantherlifeinsurancepolicyincludedinhergrossestatewhenshedies.Lisacanremovethelifeinsurancepolicyfromherestateifshedoeswhichofthefollowingmorethan3yearsbeforeshedies?
A）borrowthecashvalueofthepolicy
B）makeanabsoluteassignmentofthepolicytosomeoneelse
C）changethebeneficiarytosomeonewhodoesnothaveinsurableinterest
D）selectalumpsumsettlementoptionandnameherestatethebeneficiary
Answer:
B
QuestionStatus:
Prev
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