Summary |
The main purpose of this book is to serve as a text-book for students studying for the professional examinations of the Institute of Actuaries and the Faculty of Actuaries. It covers the principal ‘basic’ specialist tool of an actuary-life contingencies-and its application to the calculation of premiums and contributions, and the valuation, of life assurance contracts and pension funds.
The contents of the book includes below:
1. The Mortality Table
2. Annuities, Assurances, Premiums
3. Functions other than Yearly
4. Policy Values
5. Surrender and Paid-up Values: Bonus: Special Policies
6. Applications of Calculus: Population Theory
7. Joint Life and Last Survivor Statuses
8. Contingent Functions and Reversionary Annuities
9. Multiple-Decrement Tables
10. Pension Fund Functions
11. Miscellaneous Topics
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