Summary - C1-7
Call Kai
Learn
Practice Test
Spaced Repetition
Match
Flashcards
Knowt Play1/34
There's no tags or description
Looks like no tags are added yet.
Name | Mastery | Learn | Test | Matching | Spaced | Call with Kai |
|---|
No analytics yet
Send a link to your students to track their progress
35 Terms
μx =
μx+t =
fx(t) =
tpx =
tqx =
E[Tx] =
E[Tx2] =
Complete Expectation of Life
E[Kx] =
E[Kx2] =
Curtate Expectation of Life
Number of survivors/death calculations
UDD
CFM
Discount Factor
Discrete vs Continuous
Life Insurance Overview
PV (cont, discrete) + symbol for APV
EPV
Continuous Whole Life
Discrete Whole Life
Pure Endowment
Life Insurance Relationships
UDD & CA
Life Insurances
Second Moment
EPV:
Continuous Whole Life Annuity
Whole Life Annuity-Due
Whole Life Annuity-Immediate
EPV:
Term Life Annuity-Due
Term Life Annuity-Immediate
Continuous Term Life Annuity
Annuities
Variances
Annuities Relations
Guaranteed Annuity =
98th percentile means
98th percentile means the survival probability equals 0.98
The Loss at Issue Random Variable
When are premiums paid?
Calculating the "Tipping Point" of Profitability
The Percentile Premium Principle
V[L] =
The Percentile Premium Principle
Shortcuts
To model this "extra risk" in EPV calculations, one of three methods are usually used:
The Future Loss Random Variable
The Future Loss Random Variable
Assumptions & Company Valuation
When dealing with Constant Force of Mortality / Interest
CFM distribution
