Calculate the expected values, variances and probabilities for present-value-of-benefit random variables for the life insurances and annuities described above.
Define and calculate the expected values, variances and probabilities for the present-value-of-lossat-issue random variables, as a function of the considerations (premiums), for the life insurances and annuities described above.
Calculate considerations (premiums) for life insurances and annuities,
using the Equivalence Principle;
using percentiles.
Define and calculate the expected values, variances and probabilities for the present-value-of-futureloss random variables for life insurances and annuities.
Calculate liabilities, analyzing the present-value-of-future-loss random variables for life insurances and annuities,
using the prospective method;
using the retrospective method;
using special formulas.
Using recursion, calculate expected values (reserves) and variances of present-value-of-future-loss random variables for general fully-discrete life insurances written on a single life.
For the life insurances and annuities described above, calculate