Advanced Actuarial Mathematics - ACS 605

This course covers: Multiple Life insurance and Annuities (paid in advance, in arrears or continuous) for a whole life, term or deferred period;  Multi-Entry Models using Markov Chains to evaluate the pricing, reserving and profit for various health and retirement plans;  Estimation of mortality rates using complete and censored data and using the rates to construct Mortality Tables; Profit measures and determination of total profit and profit by source; Non-conventional insurance products such as Universal Life and Participating Insurance that allow for flexible premium payments and withdrawal possibilities