SOA Exam FAM Sample Question 6.32
Study guide: Exam FAM
For a whole life insurance of 100,000 on (x), you are given:
(i) Death benefits are payable at the moment of death
(ii) Deaths are uniformly distributed over each year of age
(iii) Premiums are payable monthly
(iv) i = 0.05
(v) \ddot{a}_{x} = 9.19
Calculate the monthly net premium.
[Question 11 on the Fall 2015 exam]
- A) 530
- B) 540
- C) 550
- D) 560
- E) 570
Answer this question and see the worked solution