Zhu, Yanyun,

Actuarial model : life insurance and annuity / Yanyun Zhu. - vi, 341 pages ; 26 cm. - Series in actuarial science ; 1 . - Series in actuarial science ; 1. .

Includes bibliographical references (page 332) and index.

Interest and annuity-certain -- Individual future lifetime -- Life insurance -- Life annuities -- Insurance premiums -- Insurance reserves -- Joint-life functions -- Mulitple-decrement model -- Standard normal table -- Illustrative life table with i=0.06 -- Illustrative service table with i=0.06 -- Interest rate function at i=0.06 -- Probability theorem and random variables -- Interest rate and annuity-certain. 1. 2. 3. 4. 5. 6. 7. 8. Appendix 1. Appendix 2A. Appendix 2B. Appendix 2C. Appendix 3. Appendix 4.

"Life insurance and life annuities are about cash flows, the time value of money, and the randomness of policyholders' death time. This book intends to present the actuarial model as a combination of these three factors. It also describes how to set premiums and reserves for those insurance products."--Publisher's website.

9781571461681 157146168X


Actuarial science
Insurance--Statistical methods
Annuities--Accounting
Life insurance--Accounting

368.01