Standard Actuarial Notation for Future Lifetime Distributions

Free SOA Exam FAM (Fundamentals of Actuarial Mathematics) lesson in Mortality Models. 11 min read, ~1,702 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). Under constant force,. Select notation: = age at selection, = duration...