ACT SCI 3501 - Actuarial Modeling I

Institution:

Temple University

Subject:

Description:

This course introduces the discrete and continuous random variables measuring the future lifetime of a person. Among the topics covered are calculation of the mean, variance and probability functions for these random variables, introduction of a present value random variable measuring the present value of a life insurance and annuity benefit, calculation of premiums for life insurance and annuities using interest rates and calculation of reserves for insurance companies, examining future liabilities and inflow.

Note: A grade of C or better is required in this course to be eligible to take Actuarial Science 3502.

Credits:

3.00

Credit Hours:

Prerequisites:

ACT SCI 2502 (0101), ACT SCI 2101 (0262), all with a minimum grade of C

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

WWW.TEMPLE.EDU

Phone Number:

(215) 204-7000

Regional Accreditation:

Middle States Association of Colleges and Schools

Calendar System:

Semester

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