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Actuarial ValueActuarial value is a mathematical calculation, often of the financial condition of a retirement plan. Question: actuarial science value? Sir/mam
i have just taken admission in delhi university,new delhi india.i will be doing maths honors.
side by side i am doing(just started) actuarial science coaching for CT1 and CT3.
I will appear for them in november.
My question is that :
Q1: What is the value of actuarial science in india and abroad(UK or USA)?
Q2: What is the difference in education and all?
Q3: What if i fail in the first attemt?
Q4: Should i first go with maths honors and then actuarial?
Q5: What is the difference in masters in actuarial?
(p.s suggest me something if you feel that i should keep in my mind right now or something what i should do,how i should do)
thanking you Question: how do you calculate an actuarial present value factor? Question: Take the value one or zero, yes or no. What is an appropriate variable type for this sort of variable in VBA? Often in actuarial science we will use indicator random variables, which take the value of either one or zero, yes or no. What is an appropriate variable type for this sort of variable in VBA? Question: take the value one or zero, yes or no. What is an appropriate variable type for this sort of variable in VBA? Often in actuarial science we will use indicator random variables, which take the value of either one or zero, yes or no. What is an appropriate variable type for this sort of variable in VBA?
wouldn't this be;
STRING OR CHARACTER? Question: I'm 28 and want to start a masters in Actuarial Science. Which is the best university in London to go to? I am aware that ranking tables exist but which one will give me best value for money. Question: How do I get actuarial science symbols using excel? I need symbols that represent factors for both present value and accumulated values....so how can i type in a angle n i with those lines or with a line over the a or s or 2 dots, etc... Question: Website for the Federal Statistical Value of a human life? I know they do this calculation annually for government purposes. If anyone does tort law work or even has actuarial info that points to damages in the abstract, can you point me in the right direction? Question: Can anybody explain following Actuarial problems step by step? Can anybody explain following Actuarial problems step by step?
1. Mohan and John have equal amounts of money to invest. Mohan purchases a 10 year annuity-due with annual payments of Rs. 2500 each. John invests his money in a savings account earning 9% effective annual interest for two years. At the end of two years, he purchases a 15-year immediate annuity with annual payments of Z. If both annuities are valued using an effective annual rate of 8% find the value of Z.
(Answer-Rs.2514.75)
2. In fund X money accumulates at force of interest δt = .01t+.010 for 0<t<20. In fund Y money accumulates at annual effective rate i. An amount of Re. 1 is invested in each fund, and the accumulated values are the same at the end of 20 years. Find the value in fund Y at the end of 1.5 years. (Given (1+i)20 = 54.59815)
(answer-1.34985)
Question: Why are liberals naive arrogant selfish and hateful? This has been expressed far more eloquently by other, more skilled writers, but this is my humble and awkward attempt to explain.
Liberals tend to be people who believe themselves to be smarter than the rest of the population. Some liberals are in fact very brilliant people, which makes their intolerant and smug behavior all the more puzzling. But the basic characteristic of Liberals that makes them such hateful and arrogant people is their core belief that they are the smartest people around, and certainly much more intelligent than anyone who disagrees with them
Further, many Liberals also tend to believe they are not "Liberal" or left-leaning at all! Most seem to honestly believe that their views are centrist and moderate, because they believe their views to be rational, reasonable, based on logic - and worse - MORALLY SUPERIOR to opposing viewpoints.
As such, armed with the confidence that they are smarter than you, and their views are not only correct, but also the ONLY morally acceptable positions, they naturally believe that anyone who disagrees is not only stupid, but also morally flawed! (you know the labels: racist, closed minded, hate-mongering, etc., etc., etc.).
That leads to the pattern of discussion you hear on every network newscast, and see on the editorial pages of most major newspapers. If you are oppose abortion its not REALLY because you value human life, its because you hate women. If you oppose illegal immigration its not because of any legitimate concern over unemployment, the economy, crime, or the cost of government benefits delivered to illegals - its just because you are a racist and you hate Hispanic people.
As to naivete, it springs from the same set of self-affirming beliefs. Again, a Liberal believes him/herself to be smarter than the rest of the population, and is equally assured that their opinions are the ONLY logical, reasonable and morally acceptable opinions possible. The inevitable result being that they cannot admit or accept REALITY - even when the policies they favor prove to be flawed. If a Liberal policy fails, its ONLY due to "sabotage" by the stupid, morally degenerate conservatives who can't understand the Liberal position.
For example, Liberals will tell you that welfare didn't create a permanent underclass of citizens who remain perpetually dependent on the government - those problems were solely due to racism. Social Security isn't bankrupt because its based on an unsustainable, actuarial unsound model - its failing because of "evil Republicans". Question: Did you know that Harry Reid's Senate Health Bill includes a monthly abortion fee? FROM THE BILL:
Line 11, page 122, section 1303, under “Actuarial Value of Optional Service Coverage.”
A monthly abortion premium will be charged of all enrollees in the government-run health plan.
The premium will be paid into a U.S. Treasury account – and these federal funds will be used to pay for the abortion services.
READ IT YOURSELF:
http://democrats.senate.gov/reform/patie… Question: And you thought your taxes wouldn't increase.....Think they will in this bill? (d) Table of Premium Percentage Limits and Actuarial Value Percentages Based on Income Tier
(1) IN GENERAL- For purposes of this subtitle, the table specified in this subsection is as follows
The initial premium percentage is-- The final premium percentage is-- The actuarial value percentage is--
133% through 150% 1.5% 3%
150% through 200% 3% 5% 93%
200% through 250% 5% 7% 85%
250% through 300% 7% 9% 78%
300% through 350% 9% 10% 72%
350% through 400% 10% 11% 70%
(2) SPECIAL RULES- For purposes of applying the table under paragraph (1)--
(A) FOR LOWEST LEVEL OF INCOME- In the case of an individual with income that does not exceed 133 percent of FPL, the individual shall be considered to have income that is 133 percent of FPL.
(B) APPLICATION OF HIGHER ACTUARIAL VALUE PERCENTAGE AT TIER TRANSITION POINTS- If two actuarial value percentages may be determined with respect to an individual, the actuarial value percentage shall be the higher of such percentages.
http://www.opencongress.org/bill/111-h32… Question: Liberal re-education #3: What is the minimum insurance coverage a person has to have before being penalized? Quote from the bill:
(b) MINIMUM SERVICES TO BE COVERED.—The items and services described in this subsection are the following:
(1) Hospitalization.
(2) Outpatient hospital and outpatient clinic services . . .
(3) Professional services of physicians and other health professionals.
(4) Such services, equipment, and supplies incident to the services of a physician’s or a health professional’s delivery of care . . .
(5) Prescription drugs.
(6) Rehabilitative and habilitative services.
(7) Mental health and substance use disorder services.
(8) Preventive services . . .
(9) Maternity care.
(10) Well baby and well child care . . .
(3) MINIMUM ACTUARIAL VALUE.—
(A) IN GENERAL.—The cost-sharing under the essential benefits package shall be designed to provide a level of coverage that is designed to provide benefits that are actuarially equivalent to approximately 70 percent of the full actuarial value of the benefits provided under the reference benefits package described in subparagraph (B)."
Don't worry about the word "actuarial". An actuary is nothing but an accountant who specializes in determining the cost of complex services like health care and retirement.
In other words, you will now be required BY LAW to cover yourself with a plan with this list of services (the minimum), or you will be penalized for 70% of it's value on average. Question: What changes to the health care reform can the health benefits advisory committee make to the program? Can they change the fundemental operation?
HEALTH BENEFITS ADVISORY COMMITTEE.
(a) Establishment-
(1) IN GENERAL- There is established a private-public advisory committee which shall be a panel of medical and other experts to be known as the Health Benefits Advisory Committee to recommend covered benefits and essential, enhanced, and premium plans.
(2) CHAIR- The Surgeon General shall be a member and the chair of the Health Benefits Advisory Committee.
(3) MEMBERSHIP- The Health Benefits Advisory Committee shall be composed of the following members, in addition to the Surgeon General:
(A) 9 members who are not Federal employees or officers and who are appointed by the President.
(B) 9 members who are not Federal employees or officers and who are appointed by the Comptroller General of the United States in a manner similar to the manner in which the Comptroller General appoints members to the Medicare Payment Advisory Commission under section 1805(c) of the Social Security Act.
(C) Such even number of members (not to exceed 8) who are Federal employees and officers, as the President may appoint.
Such initial appointments shall be made not later than 60 days after the date of the enactment of this Act.
(4) TERMS- Each member of the Health Benefits Advisory Committee shall serve a 3-year term on the Committee, except that the terms of the initial members shall be adjusted in order to provide for a staggered term of appointment for all such members.
(5) PARTICIPATION- The membership of the Health Benefits Advisory Committee shall at least reflect providers, consumer representatives, employers, labor, health insurance issuers, experts in health care financing and delivery, experts in racial and ethnic disparities, experts in care for those with disabilities, representatives of relevant governmental agencies. and at least one practicing physician or other health professional and an expert on children's health and shall represent a balance among various sectors of the health care system so that no single sector unduly influences the recommendations of such Committee.
(b) Duties-
(1) RECOMMENDATIONS ON BENEFIT STANDARDS- The Health Benefits Advisory Committee shall recommend to the Secretary of Health and Human Services (in this subtitle referred to as the `Secretary') benefit standards (as defined in paragraph (4)), and periodic updates to such standards. In developing such recommendations, the Committee shall take into account innovation in health care and consider how such standards could reduce health disparities.
(2) DEADLINE- The Health Benefits Advisory Committee shall recommend initial benefit standards to the Secretary not later than 1 year after the date of the enactment of this Act.
(3) PUBLIC INPUT- The Health Benefits Advisory Committee shall allow for public input as a part of developing recommendations under this subsection.
(4) BENEFIT STANDARDS DEFINED- In this subtitle, the term `benefit standards' means standards respecting--
(A) the essential benefits package described in section 122, including categories of covered treatments, items and services within benefit classes, and cost-sharing; and
(B) the cost-sharing levels for enhanced plans and premium plans (as provided under section 203(c)) consistent with paragraph (5).
(5) LEVELS OF COST-SHARING FOR ENHANCED AND PREMIUM PLANS-
(A) ENHANCED PLAN- The level of cost-sharing for enhanced plans shall be designed so that such plans have benefits that are actuarially equivalent to approximately 85 percent of the actuarial value of the benefits provided under the reference benefits package described in section 122(c)(3)(B).
(B) PREMIUM PLAN- The level of cost-sharing for premium plans shall be designed so that such plans have benefits that are actuarially equivalent to approximately 95 percent of the actuarial value of the benefits provided under the reference benefits package described in section 122(c)(3)(B).
(c) Operations-
(1) PER DIEM PAY- Each member of the Health Benefits Advisory Committee shall receive travel expenses, including per diem in accordance with applicable provisions under subchapter I of chapter 57 of title 5, United States Code, and shall otherwise serve without additional pay.
(2) MEMBERS NOT TREATED AS FEDERAL EMPLOYEES- Members of the Health Benefits Advisory Committee shall not be considered employees of the Federal government solely by reason of any service on the Committee.
(3) APPLICATION OF FACA- The Federal Advisory Committee Act (5 U.S.C. App.), other than section 14, shall apply to the Health Benefits Advisory Committee.
(d) Publication- The Secretary shall provide for publication in the Federal Register and the posting on the Internet website of the Department of Health and Human Services of all recommendations made by the Health Benefits Advisory Committee under this section. Question: Republicans: Do You Call This a Better Idea? http://www.tnr.com/blog/the-treatment/be…
From the article:
Although President Obama's primary health reform message in his State of the Union was "do not walk away from reform,” “finish the job” and “let’s get it done,” he also said, “But if anyone from either party has a better approach that will bring down premiums, bring down the deficit, cover the uninsured, strengthen Medicare for seniors, and stop insurance company abuses, let me know.” At this invitation, congressional Republicans rose to their feet with John Boehner waving his hand, as Newsweek reports, “appearing to almost expect being called upon.”
So what are the Republican’s “better ideas”?
So what is the verdict on HR 4038? Would the Republican reforms “bring down premiums, bring down the deficit, cover the uninsured, strengthen Medicare for seniors, and stop insurance company abuses”? The CBO scored the Republican bill in a letter dated November 4, 2009, which addresses these questions.
The CBO found that the bill would result in 3 million Americans gaining health insurance by 2019, leaving 52 million Americans uninsured, 17 percent of the population excluding unauthorized immigrants. By contrast, the Senate bill would reduce the number of uninsured by 31 million, leaving only 6 percent uninsured. The Republican bill would, according to the CBO, reduce the deficit by $68 billion over the 2010 to 2019 period. The Senate bill would reduce the federal deficit by $132 billion.
The CBO projected that the Republican bill would, by 2016, decrease premiums in the small group market by 7 to 10 percent and by 5 to 8 percent in the individual market. But these reductions would largely be the result of a decay in health benefits--the plans would have lower "actuarial value," which means fewer benefits and higher cost-sharing. And the mix of the insured would change, too: The market might become more accessible to people with lower medical risks, but only because it was becoming less accessible for people with higher medical risks.
By contrast, the CBO examination of the Senate bill determined that it would actually raise actuarial values in the individual market--that is, it would lead to policies that offer more protection rather than less. And while that would ultimately increase the sticker cost of insurance, subsidies would more than offset the effect for the majority of people, effectively reducing what they pay in premiums.
Notwithstanding the GOP's boasts, the Republican bill would do nothing to strengthen Medicare--because it doesn't touch the program. Nor would it "stop insurance company abuses." If anything, it would have the opposite effect, by freeing insurers from state regulation.
Having read the bill, all one can say is, John Boehner, put that hand down.
In other words,......SIT DOWN, AND SHUT UP!
(Enough of the 'grandstanding') Question: What do you think of Obama imposing an "abortion premium fee" in his health plan to pay for abortions? Just like the original 2,032-page, government-run health care plan from Speaker Nancy Pelosi’s (D-CA), Senate Majority Leader Harry Reid’s (D-NV) massive, 2,074-page bill would levy a new “abortion premium” fee on Americans in the government-run plan.
Beginning on line 7, p. 118, section 1303 under “Voluntary Choice of Coverage of Abortion Services” the Health and Human Services Secretary is given the authority to determine when abortion is allowed under the government-run health plan. Leader Reid’s plan also requires that at least one insurance plan offered in the Exchange covers abortions (line 13, p. 120).
What is even more alarming is that a monthly abortion premium will be charged of all enrollees in the government-run health plan. It’s right there beginning on line 11, page 122, section 1303, under “Actuarial Value of Optional Service Coverage.” The premium will be paid into a U.S. Treasury account – and these federal funds will be used to pay for the abortion services.
Section 1303(a)(2)(C) describes the process in which the Health Benefits Commissioner is to assess the monthly premiums that will be used to pay for elective abortions under the government-run health plan and for those who are given an affordability credit to purchase insurance coverage that includes abortion through the Exchange. The Commissioner must charge at a minimum $1 per enrollee per month.
NO Delina - EVERYONE on the Government plan would pay the abortion premium...men too. Question: Should the government be promoting or selling insurance plans that kill babies as a "benefit" of the plan? Harry Reid's Plan requires Abortion Fee:
It's right there beginning on line 11, page 122, section 1303, under 'Actuarial Value of Optional Service Coverage.' The premium will be paid into a U.S. Treasury account - and these federal funds will be used to pay for the abortion services. ... The Commissioner must charge at a minimum $1 per enrollee per month.
http://democrats.senate.gov/reform/patie…
1 MILLION babies aborted a year yet liberals never shed a tear Question: Have you read what's in HR3200, the House 0bamcare Bill? DIRECT QUOTES FROM THE BILL
WILL IT RATION MEDICAL CARE? See pages 284-288, SEC. 1151:
‘(ii) EXCLUSION OF CERTAIN READMISSIONS.—For purposes of clause (i), with respect to a hospital, excess readmissions shall not include readmissions for an applicable condition for which there are fewer than a minimum number (as determined by the Secretary) of discharges for such applicable condition for the applicable period and such hospital.
WILL IT PUNISH AMERICANS WHO TRY TO OPT OUT? Pages 167-168, section 401:
‘‘(a) TAX IMPOSED.—In the case of any individual who does not meet the requirements of subsection (d) at any time during the taxable year, there is hereby imposed a tax equal to 2.5 percent
WILL HEALTH SAVINGS ACCOUNTS BE ILLEGAL? Pages 26-30, SEC. 122:
(A) IN GENERAL.—The cost-sharing under the essential benefits package shall be designed to provide a level of coverage that is designed to provide benefits that are actuarially equivalent to approximately 70 percent of the full actuarial value of the benefits provided under the reference benefits package . . .
WILL IT DESTROY PRIVATE HEALTH INSURANCE? Pages 149-150, SEC. 313:
(a) IN GENERAL.—A contribution [a tax on business, with payrolls over $400,000 per year] is made in accordance with this section with respect to an employee if such contribution is equal to an amount equal to 8 percent of the average wages paid by the employer during the period of enrollment (determined by taking into account all employees of the employer and in such manner as the Commissioner provides, including rules providing for the appropriate aggregation of related employers). Any such contribution—
[Business that now provide health coverage will be encouraged drop the plan, enroll their employees in the government plan, and pay the 8% “contribution.”)
DOES THE GOVERNMENT SET FEES FOR SERVICES? Page 124, Sec. 223:
(d) CONSTRUCTION.—Nothing in this subtitle shall be construed as limiting the Secretary’s authority to correct for payments that are excessive or deficient . . .
(e) CONSTRUCTION.—Nothing in this subtitle shall be construed as affecting the authority of the Secretary to establish payment rates . . .
(f) LIMITATIONS ON REVIEW.—There shall be no administrative or judicial review of a payment rate or methodology established under this section or under section 224.
CAN THE GOVERNMENT SEE OUR PRIVATE FINANCES? Pages 195-196, SEC. 431
‘‘(A) IN GENERAL.—The Secretary, upon written request from the Health Choices Commissioner or the head of a State-based health insurance exchange approved for operation under section 208 of the America’s Affordable Health Choices Act of 2009, shall disclose to officers and employees of the Health Choices Administration or such State-based health insurance exchange, as the case may be, return information of any taxpayer . . .
[and] ‘‘(v) such other information as is prescribed by the Secretary by regulation as might indicate whether the taxpayer is eligible for such affordability credits . . .
http://www.classicalideals.com/HealthCar…
As usual, libs resort to Alinsky Rule 5 - "Ridicule" instead of defending this POS. Question: Will Senator Rieds Health bill force you to pay a monthly abortion premium? Senate Majority Leader Harry Reid’s (D-NV) massive, 2,074-page bill would levy a new 'abortion premium' fee on Americans in the government-run plan.
"Beginning on line 7, p. 118, section 1303 under 'Voluntary Choice of Coverage of Abortion Services'... listen to this,... the Health and Human Services Secretary is given the authority to determine when abortion is allowed under the government-run health plan. That is Kathleen Sebelius at this time, the Kansas Governor that spent her term in office defending Partial birth abortion. Leader Reid’s plan also requires that at least one insurance plan offered in the Exchange covers abortions (line 13, p. 120). What is even more alarming is that a monthly abortion premium will be charged of “all enrollees” in the government-run health plan on line 11, page 122, section 1303, under 'Actuarial Value of Optional Service Coverage.'
The premium will be paid into a US Treasury account -- and these federal funds will be used to pay for the abortion services in a monthly abortion premium and that's where the money will come from for government-run and paid-for abortions. Section 1303(a)(2)(C) describes the process in which the Health Benefits Commissioner is to assess the monthly premiums that will be used to pay for elective abortions under the government-run health plan and for those who are given an affordability credit to purchase insurance coverage that includes abortion through the Exchange. The Commissioner must charge at a minimum $1 per enrollee per month.
This is not to be confused with the house bill or Stupak amendment. This is the Ried Senate bill to be voted on tomorrow. Question: Is this how Dim Bulb Harry Reid will slip abortion funding into 0bamacare? Just like the original 2,032-page, government-run health care plan from Speaker Nancy Pelosi’s (D-CA), Senate Majority Leader Harry Reid’s (D-NV) massive, 2,074-page bill would levy a new “abortion premium” fee on Americans in the government-run plan.
Beginning on line 7, p. 118, section 1303 under “Voluntary Choice of Coverage of Abortion Services” the Health and Human Services Secretary is given the authority to determine when abortion is allowed under the government-run health plan. Leader Reid’s plan also requires that at least one insurance plan offered in the Exchange covers abortions (line 13, p. 120).
What is even more alarming is that a monthly abortion premium will be charged of all enrollees in the government-run health plan. It’s right there beginning on line 11, page 122, section 1303, under “Actuarial Value of Optional Service Coverage.” The premium will be paid into a U.S. Treasury account – and these federal funds will be used to pay for the abortion services.
http://republicanleader.house.gov/blog/?…
Your democrat leaders at work... slipping in funding that most Americans DON'T WANT! Question: actuarial maths 4)? 4*. (a) Consider an n-year immediate life annuity of 1 unit per year paid annually. The
annuitant is aged x. Let Y be the present value of the annuity. Write Y in terms of
K(x).
(b) Consider an (n+1)-year endowment assurance taken out by the same life aged x with
death and survival benefits of 1 unit, with the death benefit payable at the end of the
year of death. Let Z be the present value of the endowment assurance. Write Z in
terms of K(x). Show that the relationship between Z and Y from part (a) is just
Y = v divided by
1−v − Z divided by
1−v
(c) Use the result from lectures for the mean and variance of the present value of an
endowment assurance, with the relation between Y and Z in part (b), to find E[Y ]
and V ar(Y ).
this is a modulewhich i find difficult.it is not a course.
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