Academic Catalog

IAM582 LIFE INSURANCE MATHEMATICS

Course Code: 9700582
METU Credit (Theoretical-Laboratory hours/week): 3(3-0)
ECTS Credit: 8.0
Department: Institute Of Applied Mathematics
Language of Instruction: English
Level of Study: Graduate
Course Coordinator: Assoc.Prof.Dr. SEVTAP AYE KESTEL
Offered Semester: Fall or Spring Semesters.

Course Content

The theory of compound interest: Effective and nominal interest rates, present values, annuities. Survival distributions and life tables. Life Insurance: Level benefit insurance, endowments, varying level benefit insurance. Life annuities. Benefit premiums. Benefit reserves.