M339U ACTUARIAL CONTINGENT PAYMENTS I
M389U ACTUARIAL CONTINGENT PAYMENTS I


Prerequisite and degree relevance:

Probability (M362K) is a prerequisite, and interest theory (ACF309 is recommended; students that haven't taken ACF309 can easily pick up (from review notes provided) that part of interest theory needed for this class.

Course description:

In conjunction with M439J and M439V, this covers the content of SoA/CAS Exam 3 on actuarial models. Topics covered: simulation of random variables; single-status survival models; present-value random variables for life insurance and annuities.

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