Introduction to life insurance; traditional and modern insurance contracts; underwriting; premiums; present value random variable; force of mortality; life tables; insurance benefits; annuities; premium calculation, reserves. Prerequisite(s): STAT 2660 and STAT 3660, or permission of the School. Lectures three hours a week, tutorial one hour a week. [0.5 credits]
Introduction to life insurance; traditional and modern insurance contracts; underwriting; premiums; present value random variable; force of mortality; life tables; insurance benefits; annuities; premium calculation, reserves. Prerequisite(s): STAT 2660 and STAT 3660, or permission of the School. Lectures three hours a week, tutorial one hour a week. [0.5 credits]
