Standard Actuarial Notation (International Actuarial Notation)

Free SOA Exam FAM (Fundamentals of Actuarial Mathematics) lesson in Present Value Random Variables for Long-Term Insurance Coverages. 8 min read, ~1,169 words.

Two base symbols: = insurance, = annuity. Bar = continuous. Double dot = annuity-due. No accent on A = annual. No accent on a = immediate. Subscript = issue age. Angle = term. Pre-subscript = deferred. Superscript 1 over x = term insurance. Superscript 1 over n = pure endowment...

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