SSSM-Calculator
A
0.0002200
B
2.70E-06
cc
1.1240000
Notes:
v
d
i(m)
d(m)
d
select factor
Interest Rate
i
Payment Frequency
m
0.9
5.000%
12
1. All functions on annuity and insurance worksheets use this interest rate.
2. Interest rates and payment frequency
SSSM-Calculator
A
0.0002200
B
2.70E-06
cc
1.1240000
Notes:
v
d
i(m)
d(m)
d
select factor
Interest Rate
i
Payment Frequency
m
0.9
5.000%
12
1. All functions on annuity and insurance worksheets use this interest rate.
2. Interest rates and payment frequency
i , v
Math 3630 Name: i
Fall 2013
Final Exam
9 Dec. 2013
Time Limit: 120 Minutes
This exam contains 11 pages (including this cover page)
and 5 problems. Check to see if any pages are missing.
You may only use an SOAapproved calculator and a
pencil or pe
Math 3630 Name: _K~ \ll
Fall 2013
Practice Exam
10 Sept. 2013
Time Limit: 50 Minutes
This exam contains 5 pages (including this cover page)
and 5 problems. Check to see if any pages are missing.
l 10
You may only use an SOAapproved calculator and a
pe
Math 3630
Life Contingencies I
Chapter 5: Life annuities
Life annuities
Here were going to consider the valuation of life annuities.
A life annuity is regularly (e.g., continuously, annually,
monthly, etc.) spaced series of payments, which are usually
bas
Math 3630
Fall 2013
Exam 1
16 Sept. 2013
Time Limit: 50 Minutes
Name:
This exam contains 6 pages (including this cover page)
and 4 problems. Check to see if any pages are missing.
You are required to show your work on each problem on
this exam.
Points
1
4
Math 3630
Life Contingencies I
Chapter 4: Life insurance
Review of (actuarial) interest theory notation
We use i to denote an annual eective rate of interest.
The one year present value (discount) factor is denoted by
v = 1/(1 + i).
i (m) is an annual nom
Math 3630
Fall 2013
Practice Exam
10 Sept. 2013
Time Limit: 50 Minutes
Name:
This exam contains 5 pages (including this cover page)
and 5 problems. Check to see if any pages are missing.
You are required to show your work on each problem on
this exam.
Poi
Math 3630
Life Contingencies I
Chapter 6: Premiums
Premiums
Premiums are the amounts paid to the insurer in exchange for the
benets provided to the insured. The premium may consist of one
or more payments.
In traditional life insurance contracts, the prem
SSSM-Calculator
A
0.0002200
B
2.70E-06
cc
1.1240000
Notes:
v
d
i(m)
d(m)
d
select factor
Interest Rate
i
Payment Frequency
m
0.9
5.000%
12
1. All functions on annuity and insurance worksheets use this interest rate.
2. Interest rates and payment frequency
Math 3630 Fall 2014
Homework Assignment 1
Due: September 16th at 2:00 pm
General Notes:
Your answers should consist entirely of your own work; you must NOT copy from any
other source or person.
1. Jimmy recently purchased a house for he and his family to
Math 3630 Fall 2014
Homework Assignment 3
Due Date: Oct 16, 2:00 pm
General Notes:
Please hand in Part I on paper, by 2:00 pm on the due date to the box outside my
oce (MSB 404). In order to get full credit, you must show ALL work.
For Part II, you shou
Assignment to Sell Insurance (revised 4/11/2014)
Note: This document and assignment were adapted with permission from Ron Gebhardtsbauer, FSA, MAAA. Thanks to
Prof. Gebhardtsbauer of Penn State University for providing this idea and for helpful conversati
Subpart A y=82
*Note: All Final Answers are Highlighted in Green
A) 1
Age of Death PV of Payment A) 2
82
Err:510
83
Err:510
84
Err:510
85
Err:510
86
Err:510
87
Err:510
88
Err:510
89
Err:510
90
Err:510
91
Err:510
92
Err:510
93
Err:510
94
Err:510
95
Err:510
Math 3630
Fall 2013
Practice Final Exam
9 Dec. 2013
Time Limit: 120 Minutes
Name:
This exam contains 8 pages (including this cover page)
and 7 problems. Check to see if any pages are missing.
You are required to show your work on each problem on
this exam
Math 3630 Fall 2014
Homework Assignment 6
Due Date: Thursday December 4, 2:00 pm
Part I
1. You are using the Equivalence Principle to price a $100, 000 20 year term policy issued
to (50). You are given the following:
A50:20 = 0.4
v = 0.95
20 p50
= 0.9
(a)
Eric Schilling
12/1/14
Math 3630
Life Insurance Pricing
My client is my father. He makes all of the money in the household at $204,000
per year. His retirement is $947,000, which is more than enough to cover all future
expenses if he dies at any point. I
Math 3630
Life Contingencies I
Chapter 2: Survival models
The future lifetime random variable Notation
We are interested in analyzing and describing the future
lifetime of an individual.
We use (x) to denote a life age x for x 0.
Then the random variable
Math 3630
Life Contingencies I
Chapter 3: Life tables and selection
Life tables
One of the traditional means of conveying information about a
survival model is by using a life table (or mortality table).
This type of table assumes an initial cohort of ind
Math 3630
Fall 2013
Final Exam
9 Dec. 2013
Time Limit: 120 Minutes
Name:
This exam contains 11 pages (including this cover page)
and 5 problems. Check to see if any pages are missing.
You are required to show your work on each problem
on this exam. Unless
Math 3630 Fall 2014
Homework Assignment 4
Due Date: Thursday November 6
General Notes:
Please hand in Part I on paper, by 2:00 pm on the due date to the box outside my
oce (MSB 404). In order to get full credit, you must show ALL work.
For Part II, you
Math 3630 Fall 2014
Homework Assignment 3
Due Date: Oct 16, 2:00 pm
General Notes:
Please hand in Part I on paper, by 2:00 pm on the due date to the box outside my
oce (MSB 404). In order to get full credit, you must show ALL work.
For Part II, you shou
Math 3630 Fall 2014
Homework Assignment 2
Due Date: Wednesday 24 September, 12:00 pm, 404 MSB
(because of the career fair)
General Notes:
Please hand in Part I on paper, at the beginning of class on the due date. In order to
get full credit, you must sho
Math 3630 Fall 2014
Homework Assignment 2
Due Date: Wednesday 24 September, 12:00 pm, 404 MSB
(because of the career fair)
General Notes:
Please hand in Part I on paper, at the beginning of class on the due date. In order to
get full credit, you must sho
Math 3630
Fall 2013
Exam 1
16 Sept. 2013
Time Limit: 50 Minutes
Name:
This exam contains 6 pages (including this cover page)
and 4 problems. Check to see if any pages are missing.
You may only use an SOAapproved calculator and a
pencil or pen on this