Actuarial Outpost
 
Go Back   Actuarial Outpost > Exams - Please Limit Discussion to Exam-Related Topics > SoA/CAS Preliminary Exams > Long-Term Actuarial Math
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions



Long-Term Actuarial Math Old Exam MLC Forum

Reply
 
Thread Tools Search this Thread Display Modes
  #1  
Old 08-15-2019, 05:46 AM
actuarialkid97 actuarialkid97 is offline
 
Join Date: Aug 2019
Posts: 3
Default Reserve (Equivalence Principle)

For a fully discrete 5 years term endowment on (40)
-Death benefit is 1000
-Endowment benefit is 1500
-Mortality followings the standard ultimate life table @ i=5%
-First year expenses are 100+10% of premiums
-Renewal year expenses are 10+1% of premiums
-Settlement expenses are 5% of benefit
-Precontract expenses are 50% of premium
-cash value is 95% of gross premium reserve

Find the gross annual premium

My attempt:
https://imgur.com/tcoIsEb

Is my equation correct?

Last edited by actuarialkid97; 08-15-2019 at 05:57 AM..
Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -4. The time now is 02:11 AM.


Powered by vBulletin®
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 0.12472 seconds with 11 queries