Expertise > Actuarial > Critical Illness 

Critical Illness Quiz

How ready are you for the Critical Illness Challenge?

 
Q1: Critical Illness Insurance pays on:
A: Death due to a specific illness
B: Diagnosis of a specified illness

Q2: Critical Illness incidence rates cannot be determined with confidence
       because we have insufficient insured experience:

A: True
B: False
Q3: SEER studies reflect cancer rates as a fraction of:
A: Applicable population segments
B: Applicable population segments with existing sufferers eliminated
Q4: The American Heart Association obtains its
       heart attack incidence information from:
A: The Framingham Study
B: Consulting Physicians' Reports
C: The Centers for Disease Control
Q5: Thomas Royle Dawber was a famous researcher employed in:
A: The SEER studies program
B: The Framingham Cohort Studies
C: The United Network for Organ Sharing
Q6: Select Period Critical Illness Rates cannot be reliably estimated
       because Critical Illness Insurance is a new product
       and insufficient select period experience is available:
A: True
B: False
Q7: Substandard applicants cannot be accepted
       as Critical Illness Insurance risks:
A: True
B: False
Q8: Critical Illness Underwriting is most closely related to underwriting for:
A: Health Insurance
B: Disability Insurance
C: Life Insurance
Q9: The formula
        is used by critical illness actuaries as:
A: An Exposed-to-Risk Measure
B: An underwriting calibration tool
C: A tool for calculating costs of
      Critical Illness riders
Q10: The formula
(aq)x = ix + ( 1 - kx )qx        is used by critical illness actuaries:
A: To calculate rates for life policies with
     Critical Illness riders
B: As an underwriting calibration tool
C: To calculate rates for stand-alone
     Critical Illness policies

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