Summary: 1/12
Chapter 6. Benefit premiums.
Manual for SOA Exam MLC.
Chapter 6. Benefit premiums.
Section 6.6. Benefit premium for an n-year deferred
annuity­due.
c 2008. Miguel A. Arcones. All rights reserved.
Extract from:
"Arcones' Manual for SOA Exam MLC. Fall 2010 Edition",
available at http://www.actexmadriver.com/
c 2008. Miguel A. Arcones. All rights reserved. Manual for SOA Exam MLC.
2/12
Chapter 6. Benefit premiums. Section 6.6. Benefit premium for an n-year deferred annuity­due.
n­year deferred annuity due funded discretely.
The present value of the loss for a due n­year deferred contingent
annuity contract funded at the beginning of the year with annual
benefit payment of P is
vn
¨aKx -n|I(Kx > n) - P¨amin(Kx ,n)|
= n| ¨Yx - P ¨Yx:n|.

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

Collections: Mathematics