AMS 3510

This course will discuss: policy values, annual, monthly and continuous cases, Thiele's equation, policy alterations, modified policies and multiple state models. Other topics will include applications in life contingencies, assumptions, Kolmogorov equations, premiums, policy values, multiple decrement models, Joint Life Models, Valuation of insurance benefits on joint lives, and dependent and independent cases. Three lecture hours plus a two hour lab per week.