CAS Exam MAS-I Spring 2018, Question 12
Study guide: Exam MAS-I
You are given the following information:
- There are two individuals, age (45) and age (65).
- Using the Illustrative Life Table, the level premium for a whole life of 1 for age (45) is calculated as
P_{45}. - Using the Illustrative Life Table, the level premium for a whole life of 1 for age (65) is calculated as
P_{65}.
Calculate the difference (P_{45} - P_{65}).
- A) Less than -0.04
- B) At least -0.04, but less than -0.02
- C) At least -0.02, but less than 0.00
- D) At least 0.00, but less than 0.02
- E) At least 0.02
Answer this question and see the worked solution