Oak Mountain Software
AnnuityValue
Example:
Joint Curtate Expectation of Life
How many complete years can an individual, age 50,
and beneficiary age 53, expect to live?
Assume 1971 GAM Male mortality.
Individual Age
Display
|
|
Primary Assumptions |
||||
|
Table: |
23 |
Description: |
GAM-1971 MALES |
Deferred Age: |
65 / 0 |
|
Interest: |
5.00% |
Setback(-)/Setforward(+): |
0 |
qx Factor: |
1 |
|
Pay Freq: |
Monthly |
Years Certain: |
0 |
Annuity Certain: |
0.000000 |
|
|
|||||
|
|
Secondary Assumptions |
||||
|
Table: |
23 |
Description: |
GAM-1971 MALES |
Deferred Age: |
65 / 0 |
|
Interest: |
5.00% |
Setback(-)/Setforward(+): |
0 |
qy Factor: |
1 |
|
Pay Freq: |
Monthly |
Years Certain: |
0 |
Annuity Certain: |
0.000000 |
|
Joint Age Values |
|
|
Annuity Factor |
Description |
|
11.787755 |
Immediate Joint Life with 0 Year Certain |
|
15.394714 |
Immediate 75% Joint & Contingent with 0 Year
Certain |
|
14.799735 |
Immediate 75% Joint & Survivor with 0 Year
Certain |
|
18.992421 |
Joint Curtate Expectation of Life |
Answer:
|
Description |
The individual and beneficiary can expect to both
be alive another 19 complete years. |