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Chapter 5. Life annuities.
Manual for SOA Exam MLC.
Chapter 5. Life annuities.
Section 5.2. Deferred life annuities.
c 2009. Miguel A. Arcones. All rights reserved.
Extract from:
"Arcones' Manual for the 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. Section 5.2. Deferred life annuities.
Due n­year deferred annuity
Definition 1
A due n­year deferred annuity guarantees payments made at the
beginning of the year while an individual is alive starting in n years.
The present value of a due n­year deferred annuity is denoted by
n| ¨Yx .
Definition 2
The actuarial present value of a due n­year deferred annuity for

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

Collections: Mathematics