LONG TERM ACTUARIAL MATHEMATICS II

Undergraduate

This course will discuss: policy values, annual, monthly and continuous cases, Thiele’s equation, policy alterations, modified policies and multiple state models. Other topics will include applications in life contingencies, assumptions, Kolmogorov equations, premiums, policy values, multiple decrement models, Joint Life Models, Valuation of insurance benefits on joint lives, and dependent and independent cases. PREREQUISITE: AMS 2510 Three lecture hours per week plus a two hour lab per week