Apr 02, 2025  
2008-2009 Graduate Catalog 
    
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2008-2009 Graduate Catalog [NOTE!!!! THIS IS AN ARCHIVED CATALOG. FOR THE CURRENT CATALOG, GO TO CATALOG.NIU.EDU]

STAT 586 - Life Contingencies and Payment Models II

Premium calculations for life insurances and annuities via percentiles and the equivalence principle. Liability calculations for life insurances and annuities via the prospective, retrospective methods. Calculation of reserves for fully-discrete life insurances. Discussions of the above for single and multiple-decrement models. Extend the present-value-of-benefit, present-value-of-loss-at-issue, present-value-of-future-loss random variables and liabilities to discrete-time Markov Chain models.

Prerequisites & Notes
PRQ: STAT 583 and STAT 585, or consent of division.

Credits: 3