Acronyms Flashcards
1
Q
Alteration principles
A
A - Affordable
**
B - Boundary conditions
**
S - Stable
A - Avoid lapse and re-entry
F - Fair
E - Easy to calculate and explain
2
Q
List of product types
A
W - Whole life assurance
E - Endowment assurance
L - Level term assurance
**
R - Renewable and convertible term assurance
I - Immediate annuity
D - Deferred annuity
D - Decreasing terms assurance
3
Q
Regulatory restrictions
A
R - Rating factors
E - Expense charges and premium rates
