ACT348H, Final Exam 2000
Questions 1-3 relate to the following situation. A fully continuous 25-year deferred life annuity of 1 per year is issued at age 40. Premium is paid during the 25 year deferral period at a continuous rate of .025 per year. The for
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ACT348F - TERM TEST 1 - OCTOBER 20, 1999
Print your name and student number clearly on each page Do all work on this question paper, with work for question 1 on this page (use both sides if necessary), work for question 2 on the next page, etc. All calcul
Example 1:
Consider a 10, 000 fully discrete whole life insurance. Let denote an annual premium for
this policy and L() denote the loss-at-issue random variable for one such policy on the basis of
the Illustrative Life Table, 6% interest and issue
age 35.
Example1:
On May 6, 2002, (67) bought a $1,000
whole life insurance policy with death
benefit payable at the end of the year of
death. The policy is paid for by means of
annual premiums, payable at the start of
each year the policy remains in force. If th
Example:
Afully discrete $19, 700 Whole life policy with
20 annual benet premiums is issued to (:13).A
premium refund feature is in effect during the
premium payment period which provides that
. one half of the last premium paid to the insurer
is to be re
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University of Toronto
ACT348H1S - TERM TEST
2nd of November 2015
Instructor - Andrei Badescu
NOTES:
1. ONLY non-programmable calculators are allowed.
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2. This is a closed book exam.
3. Timing: 90 minutes.
4.
ACT348F - TERM TEST 1 - OCTOBER 11, 2000
Print your name and student number clearly on each page Do all work on this question paper, with work for question 1 on this page (use both sides if necessary), work for question 2 on the next page, etc. All calcul
ACT348F - TERM TEST 2 - NOVEMBER 15, 2000
Print your name and student number clearly on each page Do all work on this question paper, with work for question 1 on this page (use both sides if necessary), work for question 2 on the next page, etc. All calcu
ACT348F - TERM TEST 2 - NOVEMBER 18, 2004
Print your name and student number clearly on each page This is a closed book test. Do all work on this question paper, with work for question 1 on this page (use both sides if necessary), work for question 2 on t
ACT348F - TERM TEST 1 - OCTOBER 6, 2004
Print your name and student number clearly on each page Do all work on this question paper, with work for question 1 on this page (use both sides if necessary), work for question 2 on the next page, etc. All calcula
ACT348 December 2003 Final Exam
Questions 1 to 4 relate to a fully discrete whole life insurance policy of face amount 1 issued at age 40. A level annual benefit (equivalence principle) premium T is payable for life. Mortality is based on the Illustrative
ACT348F - TERM TEST 2 - NOVEMBER 19, 2003
Print your name and student number clearly on each page This is a closed book test. Do all work on this question paper, with work for question 1 on this page (use both sides if necessary), work for question 2 on t
ACT348F - TERM TEST 1 - OCTOBER 18, 2003
Print your name and student number clearly on each page Do all work on this question paper, with work for question 1 on this page (use both sides if necessary), work for question 2 on the next page, etc. All calcul
ACT348 December 2003 Final Exam
Questions 1 to 4 relate to a fully discrete whole life insurance policy of face amount 1 issued at age 40. A level annual benefit (equivalence principle) premium T is payable for life. Mortality is based on the Illustrative
ACT348F - TERM TEST 2 - NOVEMBER 21, 2001
Print your name and student number clearly on each page This is a closed book test. Do all work on this question paper, with work for question 1 on this page (use both sides if necessary), work for question 2 on t
ACT348F - TERM TEST 1 - OCTOBER 17, 2001
Print your name and student number clearly on each page Do all work on this question paper, with work for question 1 on this page (use both sides if necessary), work for question 2 on the next page, etc. All calcul
ACT370 Notes - Chapter 3 1. survival function: \X! time until death or age at death of a newborn - this is a continuous, positive random variable; the distribution function of \ is J\ BT<\B probability that the newborn dies before (or on) attaining age B;
ACT348H SUMMARY OF NOTES
(Includes notes on Chapters 3-5 as well as 6-10)
LC-1
SURVIVAL ANALYSIS
Klein, Moeschberger Book, Chapters 2-3 Time-Until-Event Random Variable \ - Chapter 2 The random variable usually under consideration is a "time-until-death"
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