Course No:           Act 316

Course Name:      Fundamental of Insurance Mathematics

Course Description:      

Survival models, the life tables, select and ultimate mortality.

Evaluation of whole life, endowment, temporary level and temporary increasing assurances.

Evaluation of whole of life and temporary annuities including level annuities payable annually and m times a year, and increasing annuities payable annually, Evaluation by accumulations.

Relationships between expected present values of assurances, and annuities. Net and Gross premiums paid annually, m times a year and as single premiums.

Extra mortality risks, profit policies, Profit and Loss from mortality & other sources, Surrender values, policy values and alterations. Introduction emerging cash flows and alterations

 Course Review:

The content of this course includes life tables, select and ultimate mortality, evaluation of whole life, endowment, evaluation of whole life and temporary annuities, evaluation by accumulation, relationships between expected present values of assurances and annuities, net and gross premiums paid annually, extra mortality risks, profit and loss from mortality and other sources and introduction to emerging cash flows and alterations.