The MAA gives the highest possible points to which compensable factor?

A life insurance company wants to estimate its annual payouts. Assume that the probability distribution of the lifetimes of the participants is approximately a normal distribution with a mean of 68 years and a standard deviation of 4 years

What proportion of the participants die before they reach the age of 65?

Which of the following decisions would involve the use of the future value of a $1 ordinary annuity table?

A) Your brother buys your car and offers to pay you $500 now or $1,500 in two years. B) You win a lawsuit and are offered a lump-sum payment today of $100,000 or $15,000 a year for 20 years. C) Your father and mother wish to deposit enough money on the date of your high school graduation to enable you to take a $7,000 cruise when you graduate from college in 4 years. D) You want to have $1,000,000 in order to retire at age 55, but need to know how much you will need to deposit each year from now until your 55th birthday.