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Exercise


Jan 15'24

Answer

Answer: B

Under constant force over each year of age, [math]l_{x+k}=\left(l_{x}\right)^{1-k}\left(l_{x+1}\right)^{k}[/math] for [math]x[/math] an integer and [math]0 \leq k \leq 1[/math].

[[math]] \begin{aligned} & { }_{2 \mid 3} q_{[60]+0.75}=\frac{l_{[60]+2.75}-l_{[60]+5.75}}{l_{[60]+0.75}} \\ & l_{[60]+0.75}=(80,000)^{0.25}(79,000)^{0.75}=79,249 \\ & l_{[60]+2.75}=(77,000)^{0.25}(74,000)^{0.75}=74,739 \\ & l_{[60]+5.75}=(67,000)^{0.25}(65,000)^{0.75}=65,494 \end{aligned} [[/math]]


[[math]]{ }_{2 \mid 3} q_{[60]+0.75}=\frac{l_{[60]+2.75}-l_{[60]+5.75}}{l_{[60]+0.75}}=\frac{74,739-65,494}{79,249}=0.11679[[/math]]

[[math]]1000_{2 \mid 3} q_{[60]+0.75}=116.8[[/math]]

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

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