Dec 07, 2024  
2020-2021 Academic Catalog 
    
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2020-2021 Academic Catalog [Published Catalog]

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MACT 423/4321 - Long-Term Actuarial Mathematics I (3 cr.)


Prerequisites
  and   

Description
This course develops a theoretical basis for the mathematics of life contingencies. It covers models for life contingencies, survival models, life insurance, annuities and premiums calculation. The subjects to be covered include: future lifetimes, analytical mortality laws, life table, fractional age assumptions, non-parametric estimation of survival models, continuous and discrete life insurances, continuous and discrete life annuities, net single premium, annual benefit premium, loss at issue, premium principles.

When Offered
Offered once a year.


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