Summary: 1/90
Chapter 6. Benefit premiums.
Manual for SOA Exam MLC.
Chapter 6. Benefit premiums
Actuarial problems.
c 2009. Miguel A. Arcones. All rights reserved.
Extract from:
"Arcones' Manual for SOA Exam MLC. Fall 2010 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 6. Benefit premiums. Actuarial problems.
(#4, Exam M, Spring 2005) For a fully discrete whole life
insurance of 100,000 on (35) you are given:
(i) Percent of premium expenses are 10% per year.
(ii) Per policy expenses are 25 per year.
(iii) Per thousand expenses are 2.50 per year.
(iv) All expenses are paid at the beginning of the year.
(v) 1000P35 = 8.36
Calculate the level annual expense-loaded premium using the

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

Collections: Mathematics