SOA Exam FAM Sample Question 7.9
Study guide: Exam FAM
For a semi-continuous 20-year endowment insurance of 100,000 on (45), you are given:
(i) Net premiums of 253 are payable monthly
(ii) Mortality follows the Standard Ultimate Life Table
(iii) Deaths are uniformly distributed over each year of age
(iv) i = 0.05
Calculate _{10}V, the net premium policy value at the end of year 10 for this insurance.
[A modified version of Question 7 on the Fall 2013 exam]
- A) 38,100
- B) 38,300
- C) 38,500
- D) 38,700
- E) 38,900
Answer this question and see the worked solution