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AFE Exam Dumps : Accredited Financial Examiner

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Accredited Financial Examiner Questions and Answers

Question 1

An annuity contract provides:

Options:

A.

Either immediately or at some future date, periodic income payments to one or more persons, perhaps with a certain guaranteed number of payments or with a minimum guaranteed amount for those annuities not having life contingencies

B.

Either immediately or at some future date, periodic income payments to one or more persons, perhaps with a certain guaranteed number of payments or with a minimum guaranteed amount for those annuities involving life contingencies

C.

Either immediately or at some future date, perpetual income payments to one or more persons, perhaps with a certain guaranteed number of payments or with a maximum guaranteed amount for those annuities involving life contingencies

D.

Either immediately or at some future date, periodic income payments to one or more persons, perhaps with a certain small number of payments

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Question 2

The sum of values assigned by claims adjusters to specific known claims that were recorded by the insurance entity but not yet paid at the financial statement date is called:

Options:

A.

case-basis reserves

B.

computing reserves

C.

aggregate reserves

D.

None of the above

Question 3

What is considered “pure” mortality protection?

Options:

A.

Life insurance

B.

Premium plan

C.

Transience policy

D.

Assurance plan