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16 exercise(s) shown, 0 hidden

You are given

[[math]]{ }_{t} q_{0}=\frac{t^{2}}{10,000}[[/math]]

for [math]0 \lt t \lt 100[/math].

Calculate [math]\stackrel{\circ}{e}_{\text {75:1010 }}[/math].

  • 6.6
  • 7.0
  • 7.4
  • 7.8
  • 8.2

Copyright 2024. The Society of Actuaries, Schaumburg, Illinois. Reproduced with permission.

  • Created by Admin, Jan 15'24

You are given:

i) [math]\mu_{x+t}=\beta t^{2}, t \geq 0[/math]

ii) [math]l_{x}=1000[/math]

iii) [math]l_{x+10}=400[/math]

Calculate [math]1000 \beta[/math].

  • 2.75
  • 2.80
  • 2.85
  • 2.90
  • 2.95

Copyright 2024. The Society of Actuaries, Schaumburg, Illinois. Reproduced with permission.

  • Created by Admin, Jan 15'24

(i) An excerpt from a select and ultimate life table with a select period of 3 years:

[math]x[/math] [math]l_{[x]}[/math] [math]l_{[x]+1}[/math] [math]l_{[x]+2}[/math] [math]l_{x+3}[/math] [math]x+3[/math]
60 80,000 79,000 77,000 74,000 63
61 78,000 76,000 73,000 70,000 64
62 75,000 72,000 69,000 67,000 65
63 71,000 68,000 66,000 65,000 66

(ii) Deaths follow a constant force of mortality over each year of age

Calculate [math]1000_{2 \mid 3} q_{[60]+0.75}[/math].

  • 104
  • 117
  • 122
  • 135
  • 142

Copyright 2024. The Society of Actuaries, Schaumburg, Illinois. Reproduced with permission.

  • Created by Admin, Jan 15'24

You are given:

(i) An excerpt from a select and ultimate life table with a select period of 2 years:

[math]x[/math] [math]l_{[x]}[/math] [math]l_{[x]+1}[/math] [math]l_{x+2}[/math] [math]x+2[/math]
50 99,000 96,000 93,000 52
51 97,000 93,000 89,000 53
52 93,000 88,000 83,000 54
53 90,000 84,000 78,000 55

(ii) Deaths are uniformly distributed over each year of age

Calculate [math]10000_{2.2} q_{[51]+0.5}[/math].

  • 705
  • 709
  • 713
  • 1070
  • 1074

Copyright 2024. The Society of Actuaries, Schaumburg, Illinois. Reproduced with permission.

  • Created by Admin, Jan 16'24

The SULT Club has 4000 members all age 25 with independent future lifetimes. The mortality for each member follows the Standard Ultimate Life Table.

Calculate the largest integer [math]N[/math], using the normal approximation, such that the probability that there are at least [math]N[/math] survivors at age 95 is at least [math]90 \%[/math].

  • 800
  • 815
  • 830
  • 845
  • 860

Copyright 2024. The Society of Actuaries, Schaumburg, Illinois. Reproduced with permission.

  • Created by Admin, Jan 16'24

You are given:

[math]x[/math] [math]l_{x}[/math]
60 99,999
61 88,888
62 77,777
63 66,666
64 55,555
65 44,444
66 33,333
67 22,222


[math]a={ }_{3.42 .5} q_{60}[/math] assuming a uniform distribution of deaths over each year of age [math]b={ }_{3.4 \mid 2.5} q_{60}[/math] assuming a constant force of mortality over each year of age Calculate 100,000(a-b).

  • -24
  • 9
  • 42
  • 73
  • 106

Copyright 2024. The Society of Actuaries, Schaumburg, Illinois. Reproduced with permission.

  • Created by Admin, Jan 16'24

You are given the following extract from a table with a 3-year select period:

[math]x[/math] [math]q_{[x]}[/math] [math]q_{[x]+1}[/math] [math]q_{[x]+2}[/math] [math]q_{x+3}[/math] [math]x+3[/math]
60 0.09 0.11 0.13 0.15 63
61 0.10 0.12 0.14 0.16 64
62 0.11 0.13 0.15 0.17 65
63 0.12 0.14 0.16 0.18 66
64 0.13 0.15 0.17 0.19 67

[math]e_{64}=5.10[/math]

Calculate [math]e_{[61]}[/math].

  • 5.30
  • 5.39
  • 5.68
  • 5.85
  • 6.00

Copyright 2024. The Society of Actuaries, Schaumburg, Illinois. Reproduced with permission.

  • Created by Admin, Jan 16'24

For a mortality table with a select period of two years, you are given:

[math]x[/math] [math]q_{[x]}[/math] [math]q_{[x]+1}[/math] [math]q_{x+2}[/math] [math]x+2[/math]
50 0.0050 0.0063 0.0080 52
51 0.0060 0.0073 0.0090 53
52 0.0070 0.0083 0.0100 54
53 0.0080 0.0093 0.0110 55


The force of mortality is constant between integral ages.

Calculate [math]1000_{2.5} q_{[50]+0.4}[/math].

  • 15.2
  • 16.4
  • 17.7
  • 19.0
  • 20.2

Copyright 2024. The Society of Actuaries, Schaumburg, Illinois. Reproduced with permission.

  • Created by Admin, Jan 16'24

A club is established with 2000 members, 1000 of exact age 35 and 1000 of exact age 45 . You are given:

(i) Mortality follows the Standard Ultimate Life Table

(ii) Future lifetimes are independent

(iii) [math] N[/math] is the random variable for the number of members still alive 40 years after the club is established

Using the normal approximation, without the continuity correction, calculate the smallest [math]n[/math] such that [math]\operatorname{Pr}(N \geq n) \leq 0.05[/math].

  • 1500
  • 1505
  • 1510
  • 1515
  • 1520

Copyright 2024. The Society of Actuaries, Schaumburg, Illinois. Reproduced with permission.

  • Created by Admin, Jan 16'24

A father-son club has 4000 members, 2000 of which are age 20 and the other 2000 are age 45. In 25 years, the members of the club intend to hold a reunion.

You are given:

(i) All lives have independent future lifetimes.

(ii) Mortality follows the Standard Ultimate Life Table.

Using the normal approximation, without the continuity correction, calculate the [math]99^{\text {th }}[/math] percentile of the number of surviving members at the time of the reunion.

  • 3810
  • 3820
  • 3830
  • 3840
  • 3850

Copyright 2024. The Society of Actuaries, Schaumburg, Illinois. Reproduced with permission.

  • Created by Admin, Jan 16'24