Parametric Survival Models, Life Tables, and Their Relationships
Free SOA Exam FAM (Fundamentals of Actuarial Mathematics) lesson in Mortality Models. 14 min read, ~2,143 words.
Survival function, unconditional from birth;,. Force of mortality, the master function that determines the entire model. Recovery:, exponentiate the negative integral to get survival. Conditional survival:. Four parametric models: De Moivre (uniform), constant force (exponential), Gompertz ( ), Makeham ( ).
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- Content
- Example 1
- Example 2
- Common Mistakes
- Key Takeaways
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Learning objectives
- 8a
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