Jerry Alan Veeh - Lectures Note on Actuarial Math
The objective of these notes is to present the basic aspects of the theory ofinsurance, concentrating on the part of this theory related to life insurance.Anunderstanding of the basic principles underlying this part of the subject will form asolid foundation for further study of the theory in a more general setting.Throughout these notes are various exercises and problems. The reader shouldattempt to work all of these.Also, problem sets consisting of multiple choice problems similar to those foundon examinations given by the Society of Actuaries are provided. The reader shouldwork these problem sets in the suggested time allocation after the material has beenmastered. TheTables for Exam Mprovided by the Society of Actuaries can be usedas an aid in solving any of the problems given here.The Illustrative Life Tableincluded here is a copy of the life table portion of these tables. The full set of tablescan be downloaded from the Society’s web site. Familiarity with these tables is anessential part of preparation for the examination.Readers using these notes as preparation for the Society of Actuaries examina-tion should master the material to the extent of being able to deliver a course on thissubject matter.A calculator, such as the one allowed on the Society of Actuaries examinations,will be useful in solving many of the problems here. Familiarity with this calculatorand its capabilities is an essential part of preparation for the examination.Copyright2006 Jerry Alan Veeh. All rights reserved.