SOA Exam FAM Sample Question 5.12
Study guide: Exam FAM
For a life annuity-due issued to (55), you are given:
i) The annuity pays an annual benefit of X through age 64
ii) Beginning at age 65, the annuity pays 75% of X
iii) The present value of this annuity is 250,000
iv) Mortality follows the Standard Ultimate Life Table
v) i = 0.05
Calculate X.
[Question on October 2022 FAM-L Exam]
- A) 17,400
- B) 17,500
- C) 17,600
- D) 17,700
- E) 17,800
Answer this question and see the worked solution