For the country of Bienna, you are given:
(i) Bienna publishes mortality rates in biennial form, that is, mortality rates are of the form:
(ii) Deaths are assumed to be uniformly distributed between ages [math]2 x[/math] and [math]2 x+2[/math], for [math]x=0,1,2, \ldots[/math]
(iii) [math]{ }_{2} q_{50}=0.02[/math]
(iv) [math]{ }_{2} q_{52}=0.04[/math]
Calculate the probability that (50) dies during the next 2.5 years.
- 0.02
- 0.03
- 0.04
- 0.05
- 0.06
You are given the survival function [math]S(x)[/math] which is defined as:
And [math]S(x) = 0[/math] for [math]x \gt 50[/math].
Calculate the complete expected temporary life expectancy [math]\stackrel{\circ}{e}_{10:\overline{20|}}[/math] for an individual currently aged 10, measured over a future term of 20 years.
- 6.27
- 8.62
- 11.66
- 13.72
- 18.23
A life insurance calculation requires a constant force of mortality, [math]\mu[/math], to be applied over a continuous two-year interval.
You are given that the probability of a person dying between time [math]t=0.2[/math] and time [math]t=1.4[/math] (a duration of 1.2 years) is stipulated to be:
Determine the constant rate of mortality [math]\mu[/math]
- 0.0831
- 0.1267
- 0.138
- 0.407
- 0.81
For the country of Triennia, you are given:
(i) Triennia publishes mortality rates in triennial form, that is, mortality rates are of the form:
(ii) Deaths are assumed to be uniformly distributed between ages [math]3 x[/math] and [math]3 x+3[/math], for [math]x=0,1,2, \ldots[/math]
(iii) [math]{ }_{3} q_{48}=0.03[/math]
(iv) [math]{ }_{3} q_{51}=0.06[/math]
Calculate the probability that (48) dies during the next 4 years.
- 0.03
- 0.04
- 0.0494
- 0.06
- 0.09
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
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
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
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