The course introduces the basic
concepts of actuarial mathematics. It covers
the survival distribution for continuous
future lifetime, curate future lifetime
random variables, force of mortality, and life
tables. Calculation and evaluation processes
for expectation of future lifetime, actuarial
present value of life insurance payable at the
moment of death (continuous) or at the end
of year of death (discrete) are developed.
The relation between the expected present
value of a benefit paid at the moment of
death and that payable at the end of the
year of death is described, and the effect
of changes in principal assumptions is
calculated. *Prerequisites:* MAT 325 or MAT
326, MAT 206.