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- stat-485 - life-contingencies-and-payment-models-i
Northern Illinois University Course Info
Dekalb, Illinois
Course Info
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STAT 485
Life Contingencies and Payment Models I
Survival-time distributions, and their curtate versions, for one or two lives, possibly dependent, truncated or censored. Mortality tables, aggregate, select and ultimate, and their use in modeling continuous life-time data. Present-value-of-benefit distributions for life insurances and annuities in the single and multiple-decrement models
Units: 3.0
Prerequisites:
STAT 470 - Introduction to Probability Theory
and
STAT 382 - Theory of Interest and Financial Derivatives