

FlashChat  Actuarial Discussion  Preliminary Exams  CAS/SOA Exams  Cyberchat  Around the World  Suggestions 

LongTerm Actuarial Math Old Exam MLC Forum 

Thread Tools  Search this Thread  Display Modes 
#1




Net Single Premium
I presume that the net single premium would be given by the formula: But I'm unsure of how to calculate these values given the limited information about that survival function. Is there an easy way to do this that I'm not seeing? Is the formula I provided even the correct net single premium? 
#2




For one thing your second term needs a 5 year deferral factor. As mortality is constant over the ten year period the five year term NSPs will be the same per dollar of coverage,
Calculate the premiums assuming the benefit is paid EOY by summing geometric series. Then do the UDD adjustment for payable at the end of the quarter. 
#3




Quote:
I end up with 3148.49 as the final answer. Is this what you get? 
#4




Looks good.

Thread Tools  Search this Thread 
Display Modes  

