Practice Quiz

Enrolled Actuary Exam Prep

Category - Enrolled Actuary

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A participant will retire at age 80.Selected data:p80 = 0.9521 using unprojected mortalityp81 = 0.9461 using unprojected mortalityi = 6.0%, compounded annuallyX = 20 2 a60 using unprojected mortality Y = 20 2 a60 using post-retirement mortality that is projected with 1% annual mortality improvements from this participant’s age 60. Pre-retirement mortality is not projected. In what range is Y/ X ?
  1. Less than 1.0140
  2. 1.0140 but less than 1.0142
  3. 1.0142 but less than 1.0144
  4. 1.0144 but less than 1.0146
  5. 1.0146 or more
Explanation
Answer: C - 1.0142 but less than 1.0144
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