soa08: Society of Actuaries Illustrative Life Table object.

Description Usage Format Details Note References Examples

Description

This is the table that appears in the classical book Actuarial Mathematics in Appendix 2A and used throughout the book to illustrate life contingent calculations. The Society of Actuaries has been using this table when administering US actuarial professional MLC preliminary examinations.

Usage

1

Format

Formal class 'lifetable' [package "lifecontingencies"] with 3 slots ..@ x : int [1:141] 0 1 2 3 4 5 6 7 8 9 ... ..@ lx : num [1:141] 100000 97958 97826 97707 97597 ... ..@ name: chr "SOA Illustrative Life Table"

Details

This table is a blend of Makeham's mortality law for ages 13 and above and some ad hoc values for ages 0 to 12.

The parameters for Makeham's mortality law are

1000 * mu(x) = 0.7 + 0.05 * 10^(0.04 * x)

where mu(x) is the force of mortality.

The published Illustrative Life Table just shows ages 0 to 110 but in the computing exercises of chapter 3 the authors explain that the table's age range is from 0 to 140.

Note

This table is based on US 1990 general population mortality.

References

Actuarial Mathematics (Second Edition), 1997, by Bowers, N.L., Gerber, H.U., Hickman, J.C., Jones, D.A. and Nesbitt, C.J.

Examples

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data(soa08)
## maybe str(soa08) ; plot(soa08) ...

spedygiorgio/lifecontingencies documentation built on March 21, 2021, 5:36 a.m.