Actuarial Mathematics II - ACS 324

This course assesses Life Annuities (paid in advance, in arrears or Continuous) for a whole life, term or deferred period. Annuities with Level or Varying payments done annually or mthly; Net Premium Determination through the equation of Equivalence for fully continuous , discrete and monthly payments; Apportionable premiums; Accumulation type Benefits; Net Premium Reserves (fully continuous, Discrete and semi-continuous) Prospective and Retrospective Reserves; Reserves at fractional durations; Differential Equations for fully continuous reserves. Prerequisite: ACS 314.