AS 5102 Study Guide - Quiz Guide: Life Table, Problem Set, Life Insurance

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Published on 23 Nov 2019
Course
Professor
TEMPLE UNIVERSITY
AS 3501/5102 ACTUARIAL MODELING I
PROBLEM SET CH.6
Note: The problem set contains optional practice questions from many sources. In particular, it includes
the Exam LTAM/MLC sample questions and textbook exercises. We call the table used in the MLC Exam as
the SOA Illustrative Life Table, and call the LTAM Exam Table as the Standard and Ultimate Life Table
(SULT).
1. LTAM Sample Qs: 5.5, 6.1-6.5, 6.7-6.16, 6.18-6.50, 7.8, 7.10
2. LTAM Written Sample Qs: WA.1 (a)-(c), WA.7
3. MLC Sample Qs: 6, 14, 24, 29, 37, 40, 47, 51, 60, 84, 92, 96, 97, 99, 111, 119, 127, 129, 139, 142,
147, 157, 170, 172, 184, 190, 198, 204, 209, 221, 228, 239, 240, 245, 246, 247, 248, 309
4. MLC Written Sample Qs: 9, 10(a)-(c), 11(a)(b).
5. Textbook Exercises: 6.1-6.10, 6.12, 6.14-6.17, 6.19-6.20.
6. For a special 5-pay endowment life insurance issued to (40) with a death benefit of $200,000 paid at
the end of the death year if death occurs within 10 years from issue, and a survival benefit of $100,000
will be paid at the end of the tenth year if the insured still survives. Annual premiums Pwill be
collected in advance. The morality of the insured follows the SOA illustrative life table. Determine
the annual benefit premium P. (Answer: 13,332.77)
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