Life Insurance Mathematics - ACS 604
This course covers survival models
(discrete and continuous), evaluation of
insurance products (paid at the end of year of
death or at the moment of death) such as whole
life, term, deferred and endowment insurance,
and evaluation of the annuities (paid at the
end of each period or at the beginning of each
period) such as whole life, term and deferred. It
also studies determination of the pure premium
for all types of products and determination
of benefit reserves. This course covers the
material needed for SOA exam MLC and its
equivalent CT5 (Core Technical: Contingencies)
exam of the Institute of Actuaries.