Mortality
KNOWLEDGE EXPECTED OF: QAFP® Professionals
Highest Knowledge Level: Awareness
Knowledge Levels and Associated Verbs
Awareness
The state of being aware that something exists / to have familiarity with a particular activity or subject
|
Understanding
To comprehend the general relationship of particulars / to have an expertise with how something works
|
Application
Ability to put information to use / to use knowledge for relevant, practical purposes
|
Evaluation
To judge or conclude by utilizing data / a systematic determination of something’s worth or significance
|
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Define
To state exactly the meaning of
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Identify
To be aware of / to recognize and correctly name / to locate an appropriate resource
|
Explain
To make clear the meaning of / to describe something in more detail or reveal relevant facts or ideas related to it
|
Determine
To ascertain / to come to a decision, such as by investigation or reasoning
|
Compare
To note the similarities and differences between two or more things
|
Estimate
To determine an approximate value for
|
Calculate
To find the value using mathematics
|
Convert
To change from one form or purpose to another
|
Evaluate
To reach a conclusion or make a through careful study
|
Interpret
To give the meaning of / to construe or understand / to translate orally
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Hold cursor over or click on each term to read its definition.
- Define terms used by insurers associated with mortality.
- Mortality
- Mortality risk
- Mortality cost
- Identify statistics related to the rate of mortality for an individual with given characteristics.
- Identify how each of these factors may impact mortality risk:
- Age
- Gender
- Smoking status
- Health history
- Family health history
- Occupation
- Personality
- Lifestyle
- Identify the relationship between the factors that may impact the mortality risk of an individual and the mortality cost of providing life insurance to an individual.
- Define life expectancy.
- Identify the Projection Assumption Guidelines1 as a reliable source for life expectancy projections.
- Identify other sources for life expectancy projections, such as:
- Statistics Canada
- Insurance companies
- Identify the life expectancy for an individual with given characteristics based on the Projection Assumption Guidelines.2
REFERENCES
KNOWLEDGE EXPECTED OF: CFP® Professionals
Highest Knowledge Level: Understanding
Knowledge Levels and Associated Verbs
Awareness
The state of being aware that something exists / to have familiarity with a particular activity or subject
|
Understanding
To comprehend the general relationship of particulars / to have an expertise with how something works
|
Application
Ability to put information to use / to use knowledge for relevant, practical purposes
|
Evaluation
To judge or conclude by utilizing data / a systematic determination of something’s worth or significance
|
||||||
---|---|---|---|---|---|---|---|---|---|
Define
To state exactly the meaning of
|
Identify
To be aware of / to recognize and correctly name / to locate an appropriate resource
|
Explain
To make clear the meaning of / to describe something in more detail or reveal relevant facts or ideas related to it
|
Determine
To ascertain / to come to a decision, such as by investigation or reasoning
|
Compare
To note the similarities and differences between two or more things
|
Estimate
To determine an approximate value for
|
Calculate
To find the value using mathematics
|
Convert
To change from one form or purpose to another
|
Evaluate
To reach a conclusion or make a through careful study
|
Interpret
To give the meaning of / to construe or understand / to translate orally
|
Hold cursor over or click on each term to read its definition.
- Define terms used by insurers associated with mortality.
- Mortality
- Mortality risk
- Mortality cost
- Identify statistics related to the rate of mortality for an individual with given characteristics.
- Define life expectancy.
- Identify the Projection Assumption Guidelines1 as a reliable source for life expectancy projections.
- Identify other sources for life expectancy projections, such as:
- Statistics Canada
- Insurance companies
- Identify the life expectancy for an individual with given characteristics based on the Projection Assumption Guidelines.2
Additional Knowledge Expected of CFP Professionals
- Explain how each of these factors may impact mortality risk:
- Age
- Gender
- Smoking status
- Health history
- Family health history
- Occupation
- Personality
- Lifestyle
- Explain the relationship between the factors that may impact the mortality risk of an individual and the mortality cost of providing life insurance to an individual.