Syllabus
1. Demographic model of life insurance. Model of random future lifetime. Life Tables and commutation functions.
2. Capital life insurance: basic products, variable sum insured, insurance payable at moment of death.
3. Life annuities: annual and payable m-times a year .
4. Net premium: single and annual.
5. Net premium reserve
Annotation
Model of random future lifetime. Capital life insurance.
Life annuities. Net single premium and net premium of basic products of life insurance.
Net premium reserve.