Summary: 1/10
Chapter 5. Life annuities.
Manual for SOA Exam MLC.
Chapter 5. Life annuities.
Section 5.4. n­year certain 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.
2/10
Chapter 5. Life annuities. Section 5.4. n­year certain annuities.
n­year certain life annuity­due
Definition 1
A n­year certain due life annuity pays at the beginning of the
year while either the individual is alive or the number of payments
does not exceed n.
Under the n­year certain due life annuity, the first n payments are
guaranteed.
Definition 2

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

Collections: Mathematics