SOA Exam FAM Sample Question 6.38
Study guide: Exam FAM
For an n-year endowment insurance of 1000 on (x), you are given:
(i) Death benefits are payable at the moment of death
(ii) Premiums are payable annually at the beginning of each year
(iii) Deaths are uniformly distributed over each year of age
(iv) i = 0.05
(v) _{n}E_{x} = 0.172
(vi) \bar{A}_{x:\overline{n}|} = 0.192
Calculate the annual net premium for this insurance.
[Question 10 on the Spring 2016 exam]
- A) 10.1
- B) 11.3
- C) 12.5
- D) 13.7
- E) 14.9
Answer this question and see the worked solution