Standard Actuarial Notation for Future Lifetime Distributions
Free SOA Exam FAM (Fundamentals of Actuarial Mathematics) lesson in Mortality Models. 9 min read, ~1,398 words.
= survive, = die. Left subscript = duration. Right subscript = current age. Vertical bar = deferral. Circle accent ( ) = continuous/complete. No circle = discrete/curtate. is a rate (can exceed 1). is a probability (bounded by 1). Related but not equal. Select notation: = age at selection. =...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
Learning objectives
- 8c
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