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Chapter 5. Life annuities. Manual for SOA Exam MLC.
 

Summary: 1/21
Chapter 5. Life annuities.
Manual for SOA Exam MLC.
Chapter 5. Life annuities.
Section 5.5. Contingencies paid m times a year.
c 2009. Miguel A. Arcones. All rights reserved.
Extract from:
"Arcones' Manual for the SOA Exam MLC. Spring 2010
Edition".
available at http://www.actexmadriver.com/
c 2009. Miguel A. Arcones. All rights reserved. Manual for SOA Exam MLC.
2/21
Chapter 5. Life annuities. Section 5.5. Contingencies paid m times a year.
Contingencies paid m times a year
In this section, we will consider the case of life insurance paid m
times a year. In the unit case, a payment of $1 is made each year.
Hence, each m­thly payment is 1
m .
For a period of length 1
m :

  

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

 

Collections: Mathematics