RE: Actex Nov 1998 #18

Leckey, Shannon R. ( (no email) )
Thu, 30 Sep 1999 09:42:33 -0400

I don't have the actex but my solution would be:
Any certain & life annuity is the sum of a certain annuity and a deferred
life,
in this case it equals a 10-year-annuity-certain-due-at-age-65 plus a
10-yr-deferred-life-annuity-due-at-65.
The second term (deferred annuity) equals a life annuity due at age 75,
discounted 10 yrs for interest and survivorship. ie v^10 * 10p65 * a-75-due

Let me know if you need more details.

> ----------
> From: BrianOhlman[SMTP:Brian.Ohlman@thehartford.com]
> Sent: Thursday, September 30, 1999 9:02 AM
> To: - *studygroup4a@lists.casact.org
> Subject: Actex Nov 1998 #18
>
> Anyone,
>
> Could someone explain the actex's solution to me here Or an
> alternative solution. I don't seem to understand.
>
> Thank you,
>
>
>
> -Brian
>