Summary: 1/60
Chapter 5. Life annuities.
Manual for SOA Exam MLC.
Chapter 5. Life annuities
Actuarial problems.
c 2009. Miguel A. Arcones. All rights reserved.
Extract from:
"Arcones' Manual for SOA Exam MLC. Fall 2009 Edition",
available at http://www.actexmadriver.com/
c 2009. Miguel A. Arcones. All rights reserved. Manual for SOA Exam MLC.
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Chapter 5. Life annuities. Actuarial problems.
(#24, Exam M, Fall 2005) For a special increasing whole life
annuity-due on (40), you are given:
(i) Y is the present-value random variable.
(ii) Payments are made once every 30 years, beginning immediately.
(iii) The payment in year 1 is 10, and payments increase by 10
every 30 years.
(iv) Mortality follows DeMoivre's law, with = 110.
(v) i = 0.04

Source: Arcones, Miguel A. - Department of Mathematical Sciences, State University of New York at Binghamton

Collections: Mathematics