SOA Exam FAM Sample Question 6.10
Study guide: Exam FAM
For a fully discrete 3-year term insurance of 1000 on (x), you are given:
(i) p_{x} = 0.975
(ii) i = 0.06
(iii) The actuarial present value of the death benefit is 152.85
(iv) The annual net premium is 56.05
Calculate p_{x+2}.
[A modified version of Question 15 on the Fall 2013 exam]
- A) 0.88
- B) 0.89
- C) 0.90
- D) 0.91
- E) 0.92
Answer this question and see the worked solution