Confused about 1/mthly case A^(m) _x

jeudi 9 octobre 2014

So far this is my understanding of this concept.



The benefit is paid to the nearest 1/mth of when the person died.



Like if the superscript is 12, then at the end of the month of when the person died, than the benefit would be paid.



But I m confusing understanding how to calculate it.



Example:



Suppose (x) lives exactly 23.675 years. Then K_x = 23, K^(2)_x=23.5

K^(4)_x=23.5, K^(12)_x=23.6667



I understand the curtate one. Thanks!





Confused about 1/mthly case A^(m) _x

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