Actuarial Science 2427A/B Lecture Notes - Lecture 1: Life Annuity, Actuarial Science, Life Insurance

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The University of Western Ontario
Department of Statistical and Actuarial Sciences
AS2427b Section 001
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Course Outline- January 2018
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Instructor: Mary Millard
Office: WSC 272
Phone 519-661-2111 ext 88224
Instructor Office Hours Mondays, 9:30-11:00, Thursdays, 1:30-3:00
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Course Description
Models for the time until death, single life annuity and life insurance present values and their
probability distributions
Prerequisites: AS2553A/B, Stats 2857A/B, and Cal 2402a (or Cal 2502a) with a minimum mark
of 60% in each of these courses
Anti-requisites: the former Actuarial Science 3427A/B
Warning: Unless you have either the pre-requisites for this course or written special permission
from your Dean to enrol in it, you may be removed from this course and it will be deleted from
your record. You can be deregistered at any time even after writing the final exam. This decision
may not be appealed. You will receive no adjustment to your fees in the event that you are
dropped from a course for failing to have the necessary prerequisites
Lecture Hours and location: Mon, Wed, and Fri. 12:30 -1:30 TC141
Tutorial Hour : Tuesdays 2:30-3:30 SEB 1200
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Text Book: Actuarial Mathematics for Life Contingent Risks (AMLCR) by Dickson, C.M.D.,
Hardy, M.R., and Waters, H.R., Second Edition.
A solutions manual for the Actuarial Mathematics text has been published and this can be
purchased online from Amazon.
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Any non-programmable calculator may be used in this course
find more resources at oneclass.com
find more resources at oneclass.com
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Document Summary

Instructor office hours mondays, 9:30-11:00, thursdays, 1:30-3:00 (cid:6)(cid:7)(cid:15)(cid:14)(cid:12)(cid:4)(cid:5)(cid:13)(cid:8)(cid:3)(cid:7)(cid:14)(cid:16)(cid:17)(cid:9)(cid:2)(cid:7)(cid:8)(cid:5) Models for the time until death, single life annuity and life insurance present values and their probability distributions. Prerequisites: as2553a/b, stats 2857a/b, and cal 2402a (or cal 2502a) with a minimum mark of 60% in each of these courses. Warning: unless you have either the pre-requisites for this course or written special permission from your dean to enrol in it, you may be removed from this course and it will be deleted from your record. You can be deregistered at any time even after writing the final exam. You will receive no adjustment to your fees in the event that you are dropped from a course for failing to have the necessary prerequisites. Lecture hours and location: mon, wed, and fri. 12:30 -1:30 tc141. Tutorial hour : tuesdays 2:30-3:30 seb 1200 (cid:5) (cid:18)(cid:7)(cid:7)(cid:19)(cid:5)(cid:13)(cid:8)(cid:3)(cid:7)(cid:14)(cid:16)(cid:17)(cid:9)(cid:2)(cid:7)(cid:8)(cid:5) Text book: actuarial mathematics for life contingent risks (amlcr) by dickson, c. m. d. ,