Life Insurance Mathematics - ACS 604
Survival models (discrete and continuous); Evaluation of insurance products (paid at the end of year of death or at the moment of death) such as whole life, term, deferred and endowment insurance. Evaluation of the annuities (paid at the end of each period or at the beginning of each period) such as whole life, term and deferred. Determination of the pure premium for all types of products. Determination of benefit reserves. This course covers the material needed for SOA exam MLC and its equivalent CT5 (Core Technical: Contingencies) exam of the Institute of Actuaries.