SOA Exam FAM Sample Question 6.20
Study guide: Exam FAM
For a special fully discrete 3-year term insurance on (75), you are given:
(i) The death benefit during the first two years is the sum of the net premiums paid without interest
(ii) The death benefit in the third year is 10,000
(iii)
x |
p_{x} |
|---|---|
| 75 | 0.90 |
| 76 | 0.88 |
| 77 | 0.85 |
(iv) i = 0.04
Calculate the annual net premium.
[Question 8 on the Fall 2014 exam]
- A) 449
- B) 459
- C) 469
- D) 479
- E) 489
Answer this question and see the worked solution