In the term Ax + nEx · Ax+n, what does the symbol n represent?

• A. The term length in years
• B. The payment frequency per year
• C. The interest compounding interval
• D. The number of lives covered

Answer: (A)

The important idea here is how term and whole-life components combine in actuarial notation. The expression splits the value into a term-life piece for n years and a future whole-life piece starting after that n-year period. The symbol n is the term length, measured in years. It tells you how long the term portion lasts and that the second part, evaluated with Ax+n, begins when age has advanced by n years. The n factor is not about how often payments occur, how interest compounds, or how many lives are covered; it simply denotes the number of years in the term.