Multiple Lives and Recursive Formulas (Part Two)

In this video, we work on a previous SOA exam problem that uses recursive formulas to determine the effects of a change in survival probabilities on the actuarial present values of insurances on multiple lives.

In part one, I set up the problem and discuss the strategy we will use to solve it.
In part two, we work through the problem.

Let me know if you have any questions!

Category:

Education

Tags:

• multiple lives
• last survivor status
• joint status
• survivor
• joint
• status
• mlc
• life contingencies
• insurance

[wthigowt]

thanks. this is much clearer than my lecturer. haha...