Models for Life Contingencies II

Catalog description

(cross-leveled with MATH 4372 ). The sequence MATH 4371 - MATH 4372 is designed to help students prepare for the Society of Actuaries exam LTAM (Long-Term Actuarial Mathematics). This course extends the life-death contingency models of MATH 4371 to more general multiple-state and multiple-life models applied to problems involving a wide range of insurance and pension benefits. Covered topics include: Markov chains, multiple decrement models, joint life and last survivor benefits, pension mathematics, profit testing. Credit Hour s : 3 Prerequisites: A grade of C- or better in MATH 4371 or MATH 7371