Calculate simple whole life or annuity problems.
Free CAS MAS-I (Modern Actuarial Statistics I) lesson in Probability Models. 14 min read, ~2,079 words.
Whole life insurance EPV: (discrete) or (continuous). Whole life annuity-due EPV:, with the first payment at time 0. Fundamental identity:, with; continuous version with. Constant force plus force of interest: (mu on top),. Annuity-immediate vs due:; both pay per year while alive, timing differs by one year. Benefit premium:; the...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Check Your Understanding
- Exam Shortcuts
Learning objectives
- A6
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