Jan 16'24

Exercise

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.

Jan 16'24

Answer: E

[math]{ }_{2.2} q_{[51]+0.5}=\frac{l_{[51]+0.5}-l_{53.7}}{l_{[51]+0.5}}[/math]

[math]l_{[51]+0.5}=0.5 l_{[51]}+0.5 l_{[51]+1}=0.5(97,000)+0.5(93,000)=95,000[/math]

[math]l_{53.7}=0.3 l_{53}+0.7 l_{54}=0.3(89,000)+0.7(83,000)=84,800[/math]

[math]{ }_{2.2} q_{[51]+0.5}=\frac{95,000-84,800}{95,000}=0.1074[/math]

[math]10,000_{2.2} q_{[51]+0.5}=1,074[/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.

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