• We are pleased to announce that the winner of our Feedback Prize Draw for the Winter 2024-25 session and winning £150 of gift vouchers is Zhao Liang Tay. Congratulations to Zhao Liang. If you fancy winning £150 worth of gift vouchers (from a major UK store) for the Summer 2025 exam sitting for just a few minutes of your time throughout the session, please see our website at https://www.acted.co.uk/further-info.html?pat=feedback#feedback-prize for more information on how you can make sure your name is included in the draw at the end of the session.
  • Please be advised that the SP1, SP5 and SP7 X1 deadline is the 14th July and not the 17th June as first stated. Please accept out apologies for any confusion caused.

survival probabilities under constant force of mortality assumption

E

Ex-muso

Member
Q&A Bank 1.5 (ii):

The solution seems to imply the general result (under CFM):

tpx = (px)^t

Should I know that? It's not ringing any bells.
 
I think it's because under constant force of mortality, t_P_x = e^(mu*t) which is equal to (e^mu)^t = (P_x)^t
 
You meant e to power -mu t, but thanks I see what you mean. Sept 09 will also be helpful when I can access a computer which displays it correctly.
 
OK, I've read Q3 from Sept 09 now.

The main answer seems standard. The alternative answer they mention is what you're referring me to, I guess.

This must be an approximation, since under CFM assumption the rate of deaths will slow very slightly over the year, so therefore the half-yr duration survival probability can't be exactly the same from 72 + 1/4 as it is from 72. Right(?).

But it seems they are saying this is an acceptable approximation to use in situations where the whole period in question falls under a single year of age. Anyone agree?
 
I haven't got to this question yet but it seems like an 'unintuitive' approximation.

It implies that tpx < px, which doesn't make sense. The probability of (x) surviving to x+t (0<t<x) is less than the probability of (x) surviving x+1?
 
Plug in some numbers. Let 1px=0.9, and t=0.5. Then under CFM 0.5px=0.9^0.5=0.949. Which makes sense; surviving half a year seems more likely than surviving a full year.
 
Back
Top