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ABy Admin
Jan 16'24

Exercise

You are given the following:

(i) [math] e_{40:20}=18[/math]

(ii) [math]e_{60}=25[/math]

(iii) [math]{ }_{20} q_{40}=0.2[/math]

(iv) [math]q_{40}=0.003[/math]

Calculate [math]e_{41}[/math].

  • 36.1
  • 37.1
  • 38.1
  • 39.1
  • 40.1

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

ABy Admin
Jan 16'24

Answer: B

[[math]] \begin{aligned} & e_{40}=e_{40: 20}+{ }_{20} p_{40} \cdot e_{60} \\ & =18+(1-0.2)(25) \\ & =38 \\ & e_{40}=e_{40: 11}+p_{40} \cdot e_{41} \\ & \Rightarrow e_{41}=\frac{e_{40}-e_{40: 11}}{p_{40}}=\frac{e_{40}-p_{40}}{p_{40}}=\frac{38-0.997}{0.997}=37.11434 \end{aligned} [[/math]]

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

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

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

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

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