Annuities - Sample Crossword

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Across
  1. 2. This would be things of value - such as cash, stocks, bonds, mortgages, real estate, office buildings and equipment owned by an insurance company or another entity
  2. 4. Document that describes the contractual agreement between the insurance company and contract owner
  3. 6. Rate at which death occurs among a defined group of people of a specified age and sometimes of a specified gender
  4. 7. Deviation when product profitability relative to assumption is negative
  5. 9. An expense type - examples include salaries, rent, property tax etc
  6. 11. Written statement of the rights and duties of the parties to a contract
  7. 16. This statement is a difference between revenue and expenses
  8. 17. This is an allowance for unexpected negative outcomes
  9. 18. A charge which desginated to cover mortality and expense risks
Down
  1. 1. Assumption of estimated values used in product design
  2. 3. Product of the potential benefit payable to customers and probability it has to be paid
  3. 5. Approach that desings product features to appeal to potential purchases
  4. 8. Flat amount typically automatically deducted from the customers annuity account value each year
  5. 10. When actual and assumed financial values increase product profitability
  6. 12. Fees levied when customer's number of transfers exceed contract's permitted maximum
  7. 13. Company's debt and future obligations
  8. 14. An expense type - examples for which include agent commissiions, premium accounting, policy issue cost etc
  9. 15. Approach which determines minimum pricing structure to charge customers