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