Basic Mathematics of Life Contingencies, Effective and Nominal interest rates. The Future Lifetime of a Life Aged x  (T) – Model, Force of Mortality, Analytic Distribution of T,

Curtate Future Lifetime of x, Life Tables, Probabilities of Death for Fractions of a Year.

Life Insurance – Whole Life and Term Insurances, Endowment, Insurance Payable at the Moment of Death, General Type of Life Insurance and Variable Life Insurance.

Life Annuities – Elementary, Payment made more Frequently than Once a Year, Variable Life Annuities, Standard Type of Life Annuities, Payment Starting at Non-integral Ages

 

Course Code: 
ACT 301
No. of Credits: 
3
Level: 
Level 300
Course Semester: 
First Semester
Pre-requisite: 
MAT 202 & MAT 203
Select Programme(s): 
Actuarial Science