Only do question 4

He owns a unit trust worth RM130,000 stocks and shares worth RM98,000; personal accident insurance worth RM200,000; life insurance with a face value of RM500,000; and an antique car worth RM200,000 Time left 1:42:10 Jeff telah berbincang dengan anda dan menunjukkan bahawa dia ingin isteri dan anak-anaknya ditinggalkan RM5,000 sebulan sehingga anak bongsunya mencapai umur 21 tahun. Beliau ingin memperuntukkan RM20,000 untuk perbelanjaan kehilangan dan RM30,000 lagi sebagai tabung kecemasan. Jeff has discussed with you and indicates that he would like his wife and children to be left with RM5,000 monthly until the youngest child reaches 21 years old. He would like to set aside RM20,000 for bereavement expenses and another RM30,000 as an emergency fund Dengan mengandalkan kadar diskaun sebanyak 4% dan pendapatan itu diterima pada akhir tempoh, hitung: Assuming a discount rate of 4% and that income is received at the end of the period, compute: a) Nilai bersih Jeff Jeff's net worth b) modal sekali gus perlu diselesaikan selepas kematian Jeff the lumpsum capital needs to be settled upon Jeff's demise (4 markahymarks) c) aset penghasil pendapatan yang boleh dibubarkan selepas kematian Jeff kerana punca-punca semula jadi the income producing assets that can be liquidated upon Jeff's death due to natural causes (3 markah/marks) (3 markah/marks) d) modal yang diperlukan untuk menjana keperluan pendapatan tetap the capital needed to generate regular income needs e) jumlah insurans hayat tambahan (jika ada) yang Jeff perlu beli menggunakan the amount of additional life insurance (if any) that Jeff needs to purchase using the kaedah pembubaran modal capital liquidation method kaedah pemeliharaan modal. capital preservation method. present value of an annuity (3 markahymarks) Time left 1:39:45 (3 markah/marks) (3 markah/marks) (4 markah/marks) (Jumlah/Total: 20 markah/marks) Question 4 Not yet answered Marked out of -0.00 -Flag Miss Delilah, aged 36, wants to purchase a one-year term policy with a coverage of RM650,000 Assurne an interest rate of 5% per annum, administrative expenses are 15% of expected claim cost and profit loading is 5% of expected claim cost. K Sediakan jadual agihan kerugian bagi individu tersebut. / Prepare a loss distribution table for the individual (3 markah/marks) W Rujuk kadar kemanan dalam Jadual di bawah dan jawab soalan berikut berdasarkan senario di bawah Refer to the mortality rates in the Table below and answer the following questions based on this scenaris below Time left 12542 CK Delilah yang berusia 38 tahun ingin membeli polisi jangka satu tahun dengan perlindungan RM650,000. Andakan kadar faedah 5% setahun perbelanjaan pentadbiran ialah 15% daripada jangkaan kos tuntutan dan pemustan keuntungan ialah 5% daripada jangkaan kos tuntutan. ini. Hitungkan jangkaan kos tuntutan. / Compute the expected claim cost. (3 markah/marks) Hitungkan premium yang wajar. / Compute the fair premium. (4 markah/marks) Male 1 Age 30 31 32 33 34 #i Probability of death 0.001408 0.001435 0.001466 0.001499 0.001539 001502 kil No. of individuals alive 97,450 97,313 97,173 97,031 96,885 96.736 iv V No. of Probability deaths of death Female vi vii No of No. of individuals deaths alive 137 0.000641 140 0.000677 142 0.000719 145 0.000765 149 0.000818 154 0.000879 98,608 98,545 98,479 98,408 98,332 98,252 63 67 71 75 80 86 NC The - Fish attempt 24 23 25 26 27 28 22 64 20 18 38 29 37 ST 24 12 PE #1 ET . +/K " E . 1 30 $300 IN APMIE 2.3420 SEDNO PLAR H BINE REDED BE 17149 ACHE THEO ww www CICER w 0700 FINED 0.8277 CATED CERCO WHILE WWWW EMIZ $905 CUSED MED FORD SPEED 08528 0.7284 FATIN DASES 0.004 0.7579 25444 07142 DEMO 0.7003 0.6064 0.6730 08114 06598 0.6468 Mirz CERCO 08034 0.7954 0.7676 0.7798 0.7720 0.5976 07644 05859 0.7568 05744 03631 ***** BE GE OF 20090 06095 87881 wwww 0.7755 DARIO wwwww 21290 TXTRO WALEN SIMO HOW Ista VIOLO 08375 0.790 07599 TEMPO cum 06419 coro ZEZVO 04050 6.7644 07026 05874 03703 05537 05375 61Z50 0.001741 0.5067 CERLOOD 0.7441 0.6756 06139 0.7224 STEED 0.001953 0.002084 04776 04437 04102 SLEVO O proce STAVE SEALS 0.7462 67107 07307 06768 M MAYO PETE'D DO 6.4746 PROVO 08222 TOGE 0.3751 ***** Wis KONY www. A TINES 000 HLIFE FORD ARE BERKO MIES CHIKE REACH MILES LINES QARAY unse WHERE KONCE HORD HIVE BOOKS WORD COULE ENCO WYLE 9000 SEEED LOCE O LINCO | GE 0.6246 03548 0.0006 www 0.4423 A 1011 wwww 0.5775 0.5031 am 0.553 com 0.3339 TOSHO 04343 SSIFO 0.4358 0.4220 0.3418 0.3256 0.4057 0.3957 0.3769 GUSED. 03847 63248 tote o ESETO 02678 02551 04243 0.2429 www. www 02414 90,422 0.2012 0.3607 POZ DO a 96,077 GROSO 14 10000 VCEVO 7000 0.004 0.5820 6.5929 0.5419 04970 0.5584 0.5083 ww UITED 21620 02775 INCO 0.3470 0.2330 07629 3.7130 16120 VLOED 96410 Prese Table 0.5227 0.1046 0.1741 A 04130 0.3675 OFF SENCO www 0.4173 0.3936 0.3714 0.3503 0.2765 0,3303 0.2564 DOUGER TOH 0.001022 BZ1000 Dor 0.4751 D'ASS ELECO STRED 177 0.001100 188 0.001185 02257 0.3109 0.1971 0.1542 01722 01409 0.1504 GRIM 01314 0.4902 10110 SENCO COPED 2000 ZEWO PRES TRALY FICK 0.3152 ASET 02913 0.3587 6.3166 62708 03477 TAKO VIDEO Tera CORES CENCO SOMEO TETO SECCO HALO YOWN 20420 02117 BAALT WIZO 6105 FOTO THEY'S VIZO 0.3967 0.1839 01703 3.1964 BA 0.1073 63875 LASTO ON950 ZGET O estro OSTED DHIN SISTO muze Auum antro 05643 WALLE 0.4065 SITE EXO'NG LEBED POSTO OFETO 97,972 97,005 97,749 6.3855 00895 0.0022 GOE BASI 16000 16:00 NIT GIMS 01635 01764 0.1486 TELE NIED SELFO ONES TIMED LITER TWTO 01117 0.1378 01244 NIT PELS WHOLD CORY'S wire Stay's LIVE HIVE MALN THES SISED Stot 01064 0.0839 0.0976 0.151 00921 G4C19 $3504 61117 01338 0.1007 INDO STEED MAL 00000 CORTO Testo 0.1186 03858 02543 02337 0.2975022 03042 OPEED NO 100 108 DEZES THE 4000 125 0.0017 0.0734 19900 6.18 MARIL 02046 60587 176 0.0693 0.0518 00630 05485 00573 SLING 541 6.3946 03497 6.2675 6.2001 31144 01229 0.1975 0.100 9.3456 51712 0.1018 QISIN 01799 SAMO 0.1377 19110 0.1007 10000 NOVCA LING WHIL da P-120 ME MILO 1950 Kane LENG MISS 0.0419 0.1415 1500 SMOD S LORED LAGEN GALER 10919 6.500 WEDD MILLO 0.0437 00334 500 SHOCO 10000 WHOS MI www 0.0000 6.0826 0.0738 00659 $741 MOD TESOO 00471 00417 COLOD SOW STAND TAN 00326 0028 10600 W MAGD 1300 POD 14000 DAV MIEN VICES KISH VOD ENCO WATER WIT 3161 21413 SECES 20431 400 WIOS 11400 14200 11900 GOAL 50461 15000 00435 000 PIZOD 16100 WORD 90244 0.0130 60300 00124 15100 tan/ Compute the expected claim cost. (3 markah/marks) Hitungkan premium yang wajar. / Compute the fair premium (4 markah/marks) Male 34 35 Age 30 31 32 . 33 36 37 38 39 40 7 # Probability of death 0.001408 0.001435 0.001466 0.001499 0.001539 0.001592 0.001660 0.001741 0.001837 0.001953 0.002084 HI No. of individuals alive iv V No. of Probability deaths of death Female vi No of individuals alive 0.000641 137 140 0.000677 142 0.000719 97,450 97,313 97,173 97,031 96,885 96,736 145 0.000765 149 0.000818 154 0.000879 96,582 160 0.000948 96,422 168 0.001022 96,254 0.001100 177 188 96,077 0.001185 95,889 200 0.001279 98,608 98,545 vii No. of deaths 98,479 98,408 98,332 98,252 98,166 98,073 97,972 97,865 97,749 63 Time left 1:24 04 67 71 75 80 86 93 100 108 116 125 He owns a unit trust worth RM130,000 stocks and shares worth RM98,000; personal accident insurance worth RM200,000; life insurance with a face value of RM500,000; and an antique car worth RM200,000 Time left 1:42:10 Jeff telah berbincang dengan anda dan menunjukkan bahawa dia ingin isteri dan anak-anaknya ditinggalkan RM5,000 sebulan sehingga anak bongsunya mencapai umur 21 tahun. Beliau ingin memperuntukkan RM20,000 untuk perbelanjaan kehilangan dan RM30,000 lagi sebagai tabung kecemasan. Jeff has discussed with you and indicates that he would like his wife and children to be left with RM5,000 monthly until the youngest child reaches 21 years old. He would like to set aside RM20,000 for bereavement expenses and another RM30,000 as an emergency fund Dengan mengandalkan kadar diskaun sebanyak 4% dan pendapatan itu diterima pada akhir tempoh, hitung: Assuming a discount rate of 4% and that income is received at the end of the period, compute: a) Nilai bersih Jeff Jeff's net worth b) modal sekali gus perlu diselesaikan selepas kematian Jeff the lumpsum capital needs to be settled upon Jeff's demise (4 markahymarks) c) aset penghasil pendapatan yang boleh dibubarkan selepas kematian Jeff kerana punca-punca semula jadi the income producing assets that can be liquidated upon Jeff's death due to natural causes (3 markah/marks) (3 markah/marks) d) modal yang diperlukan untuk menjana keperluan pendapatan tetap the capital needed to generate regular income needs e) jumlah insurans hayat tambahan (jika ada) yang Jeff perlu beli menggunakan the amount of additional life insurance (if any) that Jeff needs to purchase using the kaedah pembubaran modal capital liquidation method kaedah pemeliharaan modal. capital preservation method. present value of an annuity (3 markahymarks) Time left 1:39:45 (3 markah/marks) (3 markah/marks) (4 markah/marks) (Jumlah/Total: 20 markah/marks) Question 4 Not yet answered Marked out of -0.00 -Flag Miss Delilah, aged 36, wants to purchase a one-year term policy with a coverage of RM650,000 Assurne an interest rate of 5% per annum, administrative expenses are 15% of expected claim cost and profit loading is 5% of expected claim cost. K Sediakan jadual agihan kerugian bagi individu tersebut. / Prepare a loss distribution table for the individual (3 markah/marks) W Rujuk kadar kemanan dalam Jadual di bawah dan jawab soalan berikut berdasarkan senario di bawah Refer to the mortality rates in the Table below and answer the following questions based on this scenaris below Time left 12542 CK Delilah yang berusia 38 tahun ingin membeli polisi jangka satu tahun dengan perlindungan RM650,000. Andakan kadar faedah 5% setahun perbelanjaan pentadbiran ialah 15% daripada jangkaan kos tuntutan dan pemustan keuntungan ialah 5% daripada jangkaan kos tuntutan. ini. Hitungkan jangkaan kos tuntutan. / Compute the expected claim cost. (3 markah/marks) Hitungkan premium yang wajar. / Compute the fair premium. (4 markah/marks) Male 1 Age 30 31 32 33 34 #i Probability of death 0.001408 0.001435 0.001466 0.001499 0.001539 001502 kil No. of individuals alive 97,450 97,313 97,173 97,031 96,885 96.736 iv V No. of Probability deaths of death Female vi vii No of No. of individuals deaths alive 137 0.000641 140 0.000677 142 0.000719 145 0.000765 149 0.000818 154 0.000879 98,608 98,545 98,479 98,408 98,332 98,252 63 67 71 75 80 86 NC The - Fish attempt 24 23 25 26 27 28 22 64 20 18 38 29 37 ST 24 12 PE #1 ET . +/K " E . 1 30 $300 IN APMIE 2.3420 SEDNO PLAR H BINE REDED BE 17149 ACHE THEO ww www CICER w 0700 FINED 0.8277 CATED CERCO WHILE WWWW EMIZ $905 CUSED MED FORD SPEED 08528 0.7284 FATIN DASES 0.004 0.7579 25444 07142 DEMO 0.7003 0.6064 0.6730 08114 06598 0.6468 Mirz CERCO 08034 0.7954 0.7676 0.7798 0.7720 0.5976 07644 05859 0.7568 05744 03631 ***** BE GE OF 20090 06095 87881 wwww 0.7755 DARIO wwwww 21290 TXTRO WALEN SIMO HOW Ista VIOLO 08375 0.790 07599 TEMPO cum 06419 coro ZEZVO 04050 6.7644 07026 05874 03703 05537 05375 61Z50 0.001741 0.5067 CERLOOD 0.7441 0.6756 06139 0.7224 STEED 0.001953 0.002084 04776 04437 04102 SLEVO O proce STAVE SEALS 0.7462 67107 07307 06768 M MAYO PETE'D DO 6.4746 PROVO 08222 TOGE 0.3751 ***** Wis KONY www. A TINES 000 HLIFE FORD ARE BERKO MIES CHIKE REACH MILES LINES QARAY unse WHERE KONCE HORD HIVE BOOKS WORD COULE ENCO WYLE 9000 SEEED LOCE O LINCO | GE 0.6246 03548 0.0006 www 0.4423 A 1011 wwww 0.5775 0.5031 am 0.553 com 0.3339 TOSHO 04343 SSIFO 0.4358 0.4220 0.3418 0.3256 0.4057 0.3957 0.3769 GUSED. 03847 63248 tote o ESETO 02678 02551 04243 0.2429 www. www 02414 90,422 0.2012 0.3607 POZ DO a 96,077 GROSO 14 10000 VCEVO 7000 0.004 0.5820 6.5929 0.5419 04970 0.5584 0.5083 ww UITED 21620 02775 INCO 0.3470 0.2330 07629 3.7130 16120 VLOED 96410 Prese Table 0.5227 0.1046 0.1741 A 04130 0.3675 OFF SENCO www 0.4173 0.3936 0.3714 0.3503 0.2765 0,3303 0.2564 DOUGER TOH 0.001022 BZ1000 Dor 0.4751 D'ASS ELECO STRED 177 0.001100 188 0.001185 02257 0.3109 0.1971 0.1542 01722 01409 0.1504 GRIM 01314 0.4902 10110 SENCO COPED 2000 ZEWO PRES TRALY FICK 0.3152 ASET 02913 0.3587 6.3166 62708 03477 TAKO VIDEO Tera CORES CENCO SOMEO TETO SECCO HALO YOWN 20420 02117 BAALT WIZO 6105 FOTO THEY'S VIZO 0.3967 0.1839 01703 3.1964 BA 0.1073 63875 LASTO ON950 ZGET O estro OSTED DHIN SISTO muze Auum antro 05643 WALLE 0.4065 SITE EXO'NG LEBED POSTO OFETO 97,972 97,005 97,749 6.3855 00895 0.0022 GOE BASI 16000 16:00 NIT GIMS 01635 01764 0.1486 TELE NIED SELFO ONES TIMED LITER TWTO 01117 0.1378 01244 NIT PELS WHOLD CORY'S wire Stay's LIVE HIVE MALN THES SISED Stot 01064 0.0839 0.0976 0.151 00921 G4C19 $3504 61117 01338 0.1007 INDO STEED MAL 00000 CORTO Testo 0.1186 03858 02543 02337 0.2975022 03042 OPEED NO 100 108 DEZES THE 4000 125 0.0017 0.0734 19900 6.18 MARIL 02046 60587 176 0.0693 0.0518 00630 05485 00573 SLING 541 6.3946 03497 6.2675 6.2001 31144 01229 0.1975 0.100 9.3456 51712 0.1018 QISIN 01799 SAMO 0.1377 19110 0.1007 10000 NOVCA LING WHIL da P-120 ME MILO 1950 Kane LENG MISS 0.0419 0.1415 1500 SMOD S LORED LAGEN GALER 10919 6.500 WEDD MILLO 0.0437 00334 500 SHOCO 10000 WHOS MI www 0.0000 6.0826 0.0738 00659 $741 MOD TESOO 00471 00417 COLOD SOW STAND TAN 00326 0028 10600 W MAGD 1300 POD 14000 DAV MIEN VICES KISH VOD ENCO WATER WIT 3161 21413 SECES 20431 400 WIOS 11400 14200 11900 GOAL 50461 15000 00435 000 PIZOD 16100 WORD 90244 0.0130 60300 00124 15100 tan/ Compute the expected claim cost. (3 markah/marks) Hitungkan premium yang wajar. / Compute the fair premium (4 markah/marks) Male 34 35 Age 30 31 32 . 33 36 37 38 39 40 7 # Probability of death 0.001408 0.001435 0.001466 0.001499 0.001539 0.001592 0.001660 0.001741 0.001837 0.001953 0.002084 HI No. of individuals alive iv V No. of Probability deaths of death Female vi No of individuals alive 0.000641 137 140 0.000677 142 0.000719 97,450 97,313 97,173 97,031 96,885 96,736 145 0.000765 149 0.000818 154 0.000879 96,582 160 0.000948 96,422 168 0.001022 96,254 0.001100 177 188 96,077 0.001185 95,889 200 0.001279 98,608 98,545 vii No. of deaths 98,479 98,408 98,332 98,252 98,166 98,073 97,972 97,865 97,749 63 Time left 1:24 04 67 71 75 80 86 93 100 108 116 125