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What you'll be able to do (official learning outcomes)
appraise the pricing of life assurance contracts and life annuity contracts
acquire good knowledge of complete future life time and its moments
differentiate between gross premium and net premiums
develop skills for evaluation of mortality functions such as probability of survival and death
identify various life insurance products such as life annuities and insurance
calculate reserves, policy values and mortality profits; and
Course contents
Measurement of mortality. Life annuities. Life insurance. Net annual premiums. Net level premium reserves. Expense factor. Relationships between insurance payable at the moment of death and those payable at the end of year of death. Differential equations for insurances payable at the moment of death. Reserves. Policy values.
Source: the Nigerian Universities Commission (NUC) Core Curriculum and Minimum Academic Standards (CCMAS). StudyOps loads this syllabus automatically when you study ACS 302.