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ENTRY OR EXIT AT INTERMEDIATE POINTS
EXPOSURE FORMULAS BASED ON INDIVIDUAL
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actuary age last birthday Age nearest birthday algebraically amount approximation associated with q Assume assumption q calendar age calendar duration car-miles central age central occurrence compute the exposures continuous method date of issue December 31 denote derived entrants entry equation exact age 50 exact age x exact duration EXERCISES Ex exposure associated exposure formula exposure values f factors fiscal force of mortality Hence insurance company insuring age issue age July June 30 linear function March 31 method mortality rates mortality study mortality table number of deaths number of lives observation period runs observed deaths obtain period of observation premium Prove ratio runs from January schedule formulas starters and enders student sub-deck symbol tabulating rules termination tion unit age interval unit interval valuation in force withdrawals occur Write