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EM92 select tables

+1 vote
asked Aug 14, 2016 in BUS 3024S - Contingencies by Zaba_Mvelase (570 points)

Where can I find the EM92 Select tables? I am trying to answer the question I have attached but I can't find a table with the commutations functions I need to find  \((IA)^1_{50:\bar{10|}}\) to solve the equation of value I worked out. I have : EPV(Benefits) =110000 \(A^1_{50:\bar{10|}}\) - 10000\((IA)^1_{50:\bar{10|}}\) . Is this incorrect?image

commented Aug 14, 2016 by Zaba_Mvelase (570 points)

I get a value of 0.181306 for \((IA)^1_{50:\bar{10|}}\) using : $$(IA)_{50} = (IA)^1_{50:\bar{10|}} + v^n_nP_x(IA)_{60} +n v^n_nP_xA_{60}$$ is this correct?

1 Answer

+1 vote
answered Aug 14, 2016 by Feroz (1,390 points)
selected Aug 15, 2016 by simon_rigby
Best answer

Please see the first page of the tutorial pack booklet, an extract of which is:

Many of the problems included here require the use of very old mortality tables like A1967-70, ELT(12) and a(55), which are freely available to you, but a few of the problems require tables like AM92 and PM92 which appear in the `gold book' of Tables for Examination Purposes. There is a copy of the gold book in the library: 368.01 FORM, Formulae and tables for examinations of the Faculty of Actuaries and the Institute of Actuaries.

I think there should be a copy of this book in the department as well.

But your formula for finding the EPV is correct :)

commented Aug 14, 2016 by Zaba_Mvelase (570 points)

   Thank you:)