SOA Exam FAM Sample Question 5.13
Study guide: Exam FAM
For a 30-year temporary life annuity due of 1 per year, payable monthly, on (35), you are given:
i) \mu_{35+t} = \dfrac{0.15}{75-t}, \quad 0 \le t \le 75
ii) i = 0.06
iii) \ddot{a}_{35:\overline{30}|} = 14.2546
Calculate the single net premium using the three term Woolhouse formula.
- A) 13.792
- B) 13.796
- C) 13.862
- D) 13.866
- E) 13.870
Answer this question and see the worked solution