SOA Exam FAM Sample Question 7.17
Study guide: Exam FAM
For a fully discrete whole life insurance of 1 on (x), you are given:
(i) q_{x+10} = 0.02067
(ii) v^{2} = 0.90703
(iii) A_{x+11} = 0.52536
(iv) {}^{2}A_{x+11} = 0.30783
(v) _{k}L is the prospective loss random variable at time k
Calculate \dfrac{\text{Var}({}_{10}L)}{\text{Var}({}_{11}L)}.
[Question 16 on the Fall 2014 exam]
- A) 1.006
- B) 1.010
- C) 1.014
- D) 1.018
- E) 1.022
Answer this question and see the worked solution