Home

About

Advanced Search

Browse by Discipline

Scientific Societies

E-print Alerts

Add E-prints

E-print Network
FAQHELPSITE MAPCONTACT US


  Advanced Search  

 
Chapter 4. Life Insurance. Manual for SOA Exam MLC.
 

Summary: 1/13
Chapter 4. Life Insurance.
Manual for SOA Exam MLC.
Chapter 4. Life Insurance.
Section 4.4. Non-level payments paid at the end of the year.
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.
2/13
Chapter 4. Life Insurance. Section 4.4. Non-level payments paid at the end of the year.
Non-level payments paid at the end of the year
Suppose that a life insurance provides a benefit of bk paid at the
end of the kth year if death happens in this year. The present
value of this benefit is
Bx = bK K
.
The actuarial present value of Bx is
E[Bx ] =

  

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

 

Collections: Mathematics