Actuarial Notes

SOA Exam FAM Sample Question 5.3

Study guide: Exam FAM

You are given:

(i) Mortality follows the Standard Ultimate Life Table

(ii) Deaths are uniformly distributed over each year of age

(iii) i = 0.05

Calculate \dfrac{d}{dt}(\bar{I}\bar{a})_{40:\overline{t}|} at t = 10.5.

[A modified version of Question 19 on the Fall 2017 exam]

  • A) 5.8
  • B) 6.0
  • C) 6.2
  • D) 6.4
  • E) 6.6

Answer this question and see the worked solution

Concepts tested

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