Life Contingencies

Aspects of life contingencies covered in this book include their application to premium rates for annuities, assurances on one or more lives, the reserves that should be held for these contracts and also the calculation of surrender and paid up values. The various techniques are also extended to deal with decrements from causes other than death only. Pension fund and sickness functions which are important in the study of superannuation arrangements and sickness benefit schemes are discussed. Textbook on actuarial science - covers theory of life contingency and its application to the calculation of premiums and contributions, and to valuation of life insurance contracts and pension schemes, and includes exercises. Bibliography p. 448, graphs and tables Covers all aspects of life contingencies, including their application to premium rates for annuities, assurances on one or more lives, the reserves that should be held for these contracts and also the calculation of surrender and paid up values.