Slides from "Arcones Manual for Exam MLC".

Tables given in Exam MLC
Life table for the USA population in 2004

  1. Survival models
    1. Survival models
    2. Some actuarial concepts in survival analysis
    3. Force of Mortality
    4. Expectation of life
    5. Curtate failure
    6. Selected survival models
    7. Common Analytical Survival Models
    8. Mixture models
      Problems for recent actuarial exams

  2. Life Tables
    1. Life tables
    2. Actuarial Models
    3. Deterministic survivorship group and random survivorship group
    4. Continuous computations
    5. Interpolating life tables
    6. Select and Ultimate Tables
      Problems for recent actuarial exams

  3. Life insurance
    1. Introduction to life insurance
    2. Payments paid at the end of the year of death.
    3. Further properties of the APV for discrete insurance
    4. Non-level payments paid at the end of the year
    5. Payments at the end of the m-thly time interval
    6. Level benefit insurance in the continuous case.
    7. Further properties of the APV for continuous insurance
    8. Non-level payments paid at the end of the year
    9. Computing APV's from a life table
      Problems for recent actuarial exams

  4. Life annuities
    1. Whole life annuity
    2. n-year deferred annuity
    3. n-year temporary annuity
    4. n-year certain annuity
    5. Contingencies paid m times a year
    6. Non-level payments annuities
    7. Computing present values from a life table
      Revision of Chapter 5
      Problems for recent actuarial exams

  5. Benefit premiums
    1. Funding a liability.
    2. Fully discrete benefit premiums.
    3. Benefits paid annually funded continuously.
    4. Benefit premiums for fully continuous insurance.
    5. Benefit premiums for semicontinuous insurance.
    6. Benefit premium for an n-year deferred annuity.
    7. Premiums paid m times a year.
    8. Non-level premiums and/or benefits.
    9. Computing benefit premiums from a life table
    10. Premiums found including expenses
      Problems for recent actuarial exams
      Cheat Sheet, Chapters 1-6.

  6. Benefit reserves
    1. Benefit reserves
    2. Fully discrete insurance.
    3. Fully continuous insurance
    4. Reserves for insurance paid immediately and funded discretely
    5. Reserves for insurance paid discretely and funded continuously
    6. Benefit reserves for general fully discrete insurance
    7. Benefit reserves for general fully continuous insurance
    8. Benefit reserves for m-thly payed premiums.
    9. Benefit reserves including expenses.
    10. Benefit reserves at fractional durations
      Problems for recent actuarial exams

  7. Multiple life functions
    1. Multivariate random variables
    2. Joint life status
    3. Last survivor status
    4. Joint survival functions
    5. Common shock model
    6. Insurance for multi--life models
      Problems for recent actuarial exams

  8. Multiple decrement models
    1. Deterministic survivorship group
    2. Stochastic model for multiple decrements
    3. Random survivorship group
    4. Associated single decrement tabless
    5. Interpolating multiple decrement life tables
    6. Insurance for multiple decrement life tables
    7. Asset shares
      Problems for recent actuarial exams

  9. Markov chains
    1. Stochastic processes.
    2. Markov chains
    3. Random walks
    4. Hitting probabilities
    5. Gambler's ruin problem
    6. Some actuarial applications
      Problems for recent actuarial exams

  10. Poisson processes
    1. Exponential and gamma distributions
    2. Poisson processes
    3. Interarrival times
    4. Superposition and decomposition of a Poisson process
    5. Nonhomogenous Poisson process
    6. Gamma-Poisson mixture
    7. Compound Poisson process
      Problems for recent actuarial exams