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Chapter 4. Life Insurance.
Manual for SOA Exam MLC.
Chapter 4. Life Insurance.
Section 4.8. Non­level payments paid at the time of death.
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.
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Chapter 4. Life Insurance. Section 4.8. Non­level payments paid at the time of death.
Non­level payments paid at the time of death
Suppose that if failure happens at time t, then the benefit payment
is bt. The present value of the benefit payment is denoted by
Bx = bTx Tx . The actuarial present value of this benefit is
E[Bx ] =

0
btt

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

Collections: Mathematics