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Insured Loss An insurance policy is written to cover a loss, X where X has a uniform distribution on [0,1000] . At what level must a deductible be set in order for the expected payment to be 25% of what it would be with no deductible? Choose one of the following. (Hint: Use a variable, such as D, for the deductible. The payment is 0 if the loss is less than D, and the loss minus D if the loss is greater than D . Source: Society of Actuaries. a. 250 b. 375 c. 500 d. 625 e. 75

Insured Loss An insurance policy is written to cover a loss, X where X …

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Feeling uncertain / Unaware about the returns in your life insurance policy? That’s where the Benefit Illustration comes in. This important document is usually found on the last page of your investment policy which breaks down all the crucial details you need to know; like: ✅ The Exact Amount You’ll Receive on maturity or when the yearly returns start ✅ The Amount of Death Cover ✅ The Amount You’ll Get if You Surrender Your Policy 🚨 Also note that, when you will receive the amount depends on th

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