SOA Exam FAM Sample Question 7.15
Study guide: Exam FAM
For a fully discrete whole life insurance of 100 on (x), you are given:
(i) q_{x+15} = 0.10
(ii) Deaths are uniformly distributed over each year of age
(iii) i = 0.05
(iv) _{t}V denotes the net premium policy value at time t
(v) _{16}V = 49.78
Calculate _{15.6}V.
[A modified version of Question 14 on the Fall 2014 exam]
- A) 49.7
- B) 50.0
- C) 50.3
- D) 50.6
- E) 50.9
Answer this question and see the worked solution