ALU 202 PRACTICE TEST REVIEW 2025||40+ ACTUAL
QUESTIONS & CORRECT DETAILED ANSWERS ||
GRADED A+
1. Annuity life ta- A type of insured lives life table tabulating the mortality rights of individuals who
bles have purchased annuities. Consider to represent the lowest mortality rates among
insured lives.
2. Basic life tables Also known as select and ultimate tables. A type of insured lives life table tabulating
the death rates for individuals who purchased insurance at standard or better
(preferred) right. Subdivided buy tobacco use and by select an ultimate periods.
3. Cohort (genera- Type of life table tabulating the year to year death rates for a group of individuals
tion) life table born around the same time (for example same year)
4. Period (Current) A life table tabulating death rates for a particular period of time for individuals of
Life tables ditterent ages at the time mortality data was collected (ditterent birth cohorts)
5. Standard and or- Aggregate insured lives life table in which select and ultimate mortality rates are
dinary life tables combined to arrive at the aggregate death rates for each age hey Joe, that's
ignoring most of the ettect of selection resulting from underwriting. Death rates
in such a table are somewhat higher (more conservative) then those in the basic
select an ultimate tables
6. Ultimate period The period after the Select Period during which the ettect of the underwriting is
assumed to no longer be ettective in selecting standard or better risks from the
entire pool of insured persons. Often consider to be the. Beyond 20 to 25 years
after underwriting
7. Select period The period from life insurance policy issue to the time at which the ettect of
underwriting has been assume to no longer be ettective in selecting standard or
better rest from among the entire pool of insured persons. Often considered to be
about 20 to 25 years.
8. Primary focus of writing
multi life under-
, ALU 202 PRACTICE TEST REVIEW 2025||40+ ACTUAL
QUESTIONS & CORRECT DETAILED ANSWERS ||
GRADED A+
The avoidance of anti-selection
QUESTIONS & CORRECT DETAILED ANSWERS ||
GRADED A+
1. Annuity life ta- A type of insured lives life table tabulating the mortality rights of individuals who
bles have purchased annuities. Consider to represent the lowest mortality rates among
insured lives.
2. Basic life tables Also known as select and ultimate tables. A type of insured lives life table tabulating
the death rates for individuals who purchased insurance at standard or better
(preferred) right. Subdivided buy tobacco use and by select an ultimate periods.
3. Cohort (genera- Type of life table tabulating the year to year death rates for a group of individuals
tion) life table born around the same time (for example same year)
4. Period (Current) A life table tabulating death rates for a particular period of time for individuals of
Life tables ditterent ages at the time mortality data was collected (ditterent birth cohorts)
5. Standard and or- Aggregate insured lives life table in which select and ultimate mortality rates are
dinary life tables combined to arrive at the aggregate death rates for each age hey Joe, that's
ignoring most of the ettect of selection resulting from underwriting. Death rates
in such a table are somewhat higher (more conservative) then those in the basic
select an ultimate tables
6. Ultimate period The period after the Select Period during which the ettect of the underwriting is
assumed to no longer be ettective in selecting standard or better risks from the
entire pool of insured persons. Often consider to be the. Beyond 20 to 25 years
after underwriting
7. Select period The period from life insurance policy issue to the time at which the ettect of
underwriting has been assume to no longer be ettective in selecting standard or
better rest from among the entire pool of insured persons. Often considered to be
about 20 to 25 years.
8. Primary focus of writing
multi life under-
, ALU 202 PRACTICE TEST REVIEW 2025||40+ ACTUAL
QUESTIONS & CORRECT DETAILED ANSWERS ||
GRADED A+
The avoidance of anti-selection
