Practice Problems from Past Midterms/Quizzes by Topic

New Categorization and Updated Point Values

·     Chapter 2

o  Survival Function, p & q values, force of mortality

o  Complete & curtate expectation of life

·     Chapter 3

o  Life Tables, UDD between integral ages

o  Life Tables, CFM between integral ages

o  Life Tables, Select and Ultimate Mortality

o  Random Variable L, Binomial Distribution

·     Chapter 4

o  Whole Life Insurance, Moment of Death

o  Whole Life Insurance, End of Year of Death

 

·     Chapter 6 

o  Gross Premium

·     Chapter 7

o  Net Premium Policy Value

o  Gross Premium Policy Value

o  Expense Premium Policy Value

o  Profit by Source

o  Full Preliminary Term Method

 

Original Categorization

·     Chapter 1

·     Chapter 2

·     Chapter 3

·     Chapter 4

·     Chapters 5 & 6

·     Chapter 7