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Northern Illinois University Course Info

Dekalb, Illinois

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ACSC 450

Life Contingencies and Payment Models I

Survival-time distributions, and their curtate versions, for one or two lives, possibly dependent, truncated or censored. Mortality tables, aggregate, select and ultimate, and their use in modeling continuous life-time data. Present-value-of-benefit distributions for life insurances and annuities in the single and multiple-decrement models

Units: 3.0

Prerequisites:
STAT 400 - Probability
or
ACSC 400X - Probability
and
ACSC 350 - Theory of Interest