Life Contingencies

Life Contingencies
Life tables, survival functions, contingent annuities, insurance, premiums, reserves, joint annuities and insurance. Prepares for SOA Exam MLC.
 Hours3.0 Credit, 3.0 Lecture, 0.0 Lab
 PrerequisitesSTAT 274
 ProgramsContaining STAT 475
Course Outcomes

Exam MLC

The primary learning outcome of this course is to prepare students for Exam MLC offered by the Society of Actuaries

Survival Models

Recognize, understand, and compute problems relating to survival models, including defining and computing expected values, variances, probabilities, and percentiles for continuous and discrete survival-time random variables

Insurances and Annuities

Recognize, understand, and compute problems relating to life insurances and annuities, including expected values, variances and probabilities for present-value-of-benefit random variables defined on survival-time random variables, considerations for life insurances and annuities, and liabilities analyzing the present­ value-of-future-loss random variables