ASM 13 ed, Section 67.2 Profit Tests, page 1290

For the first and the last bullet points on the page I think you should replace Face Amount, FA with Net Amount at Risk, NAR because if you don't EDB for Type A policy would be the mortality rate times (FA + AV + S. Exp) which is not correct.



For Type B policy NAR = FA but for Type A policy NAR = FA - AV.



Thank you

ASM 13 ed, Section 67.2 Profit Tests, page 1290