SOA Exam FAM Sample Question 7.37
Study guide: Exam FAM
For a fully discrete increasing 20-year endowment insurance on (50), you are given:
i) The level annual net premium is 5,808
ii) The net premium policy value at the end of year 15 is 130,580
iii) Mortality after age 60 follows the Standard Ultimate Life Table
iv) i = 0.05
Calculate the expected present value of future death and endowment benefits at age 65.
[Question on October 2022 FAM-L Exam]
- A) 156,530
- B) 156,570
- C) 156,610
- D) 156,650
- E) 156,690
Answer this question and see the worked solution