SOA Exam FAM Sample Question 7.13
Study guide: Exam FAM
For a fully discrete 30-year endowment insurance of 1000 on (40), you are given:
(i) Mortality follows the Standard Ultimate Life Table
(ii) i = 0.05
Calculate the full preliminary term (FPT) reserve for this policy at the end of year 10.
[A modified version of Question 14 on the Spring 2014 exam]
- A) 180
- B) 185
- C) 190
- D) 195
- E) 200
Answer this question and see the worked solution