SOA Exam FAM Sample Question 5.9
Study guide: Exam FAM
For a select and ultimate mortality model with a one-year select period, you are given:
(i) p_{[x]} = (1+k)\,p_{x}, for some constant k
(ii) \ddot{a}_{x:\overline{n}|} = 21.854
(iii) \ddot{a}_{[x]:\overline{n}|} = 22.167
Calculate k.
[Question 5 on the Spring 2016 exam]
- A) 0.005
- B) 0.010
- C) 0.015
- D) 0.020
- E) 0.025
Answer this question and see the worked solution