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actually ..?
July 29th 2006, 02:47 PM
i just want to clear my understanding of immediate life annuities.

Are they paid at the end of the year as long a the person is alive?
ie. Is there a payment at the end of the year of death or not?
wat
July 29th 2006, 07:53 PM
i just want to clear my understanding of immediate life annuities.

Are they paid at the end of the year as long a the person is alive?
ie. Is there a payment at the end of the year of death or not?

It could be either - depending on how the annuity is structured.
actually ..?
July 30th 2006, 09:05 PM
For exam purposes, what do the Actuarial symbols a_x and a_x:nŻ| denote?
i think they denote streams of payments only as long as the person is alive, but i just want to make sure.

Thanks
Ken
July 30th 2006, 11:13 PM
i just want to clear my understanding of immediate life annuities.

Are they paid at the end of the year as long a the person is alive?
ie. Is there a payment at the end of the year of death or not?

In general, I don't think you get an annuity payment unless you're alive at the point where you're supposed to receive payment.


For exam purposes, what do the Actuarial symbols a_x and a_x:n¯| denote?
i think they denote streams of payments only as long as the person is alive, but i just want to make sure.

Thanks

a_x is an annuity paid at the end of each year until death.
a_x:n¯| is an n-year temporary annuity paid at the end of each year until death or n years, whichever comes first.