INSTITUTE OF APPLIED MATHEMATICS
Last Updated:
21/07/2017 - 12:25

IAM582 - Life Insurance Mathematics

Credit: 3(3-0); ECTS: 8.0
Instructor(s): Consent of IAM
Prerequisites: Consent of Instructor(s)

Course Catalogue Description

The theory of compound interest: Effective and nominal interest rates, present values, annuities. Survival distributions and life tables. Life Insurance: Level benefit insurance, endowments, varying level benefit insurance. Life annuities. Benefit premiums. Benefit reserves.

Course Objectives

The theory of compound interest: effective and nominal interest rates, present values, annuities, survival distributions and life tables, life insurance: benefits, endowments, life annuities, benefit premiums and benefit reserves.

Course Learning Outcomes

Introduce the mathematical models used in life insurance with emphasis on the probabilistic approach.

Tentative (Weekly) Outline

The theory of compound interest: Effective and nominal interest rates, present values, annuities. Survival distributions and life tables. Life Insurance: Level benefit insurance, endowments, varying level benefit insurance. Life annuities. Benefit premiums. Benefit reserves.

More Info on METU Catalogue

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