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University of North Carolina at Charlotte Course Info

Charlotte, North Carolina

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Course Info

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MATH 4228

Actuarial Science IIA

Long-Term Actuarial Mathematics. Introduction to long-term insurance; Survival distribution: probability functions, life tables, force of mortality, mortality laws, life expectancy, select mortality; Insurance: continuous and discrete, moments, recursive formulas; Annuities: continuous and discrete, actuarial present and accumulated values, moments, recursive formulas; Premiums: net premiums for continuous and discrete insurances, gross premiums, variance of future loss. This course is the first of two preparatory courses for Actuarial Exam LTAM.

Units: 3.0

Prerequisites:
MATH 3228 - Actuarial Science IB
or
STAT 3122 - Probability and Statistics I
or
MATH 3122 - Probability and Statistics I