The lag adjustment distributes the mortality incidence over five years (25 percent in each of the first two years, and 17 percent for each of the remaining years) and discounts mortality benefits over this period at a rate of three percent.
The lag adjustment distributes the mortality incidence over five years and discounts mortality benefits at a rate of three percent.
No discount is necessary to account for mortality benefits at a forward rate.
A man gets wet.
A boy poses with his tongue sticking out.
Boy firing a gun in a shooting range.
An empty street.
It's unknown what will come up from watching TV for 30 minutes to an hour.
the boy and girl  are playing the outdoor