Course Code ACTSC 232
Course Title Life Contingencies 1
Online Offers
  • Fall 2021 (tentative) (Instructor: Emily Kozlowski)
Course Location Online
Credit Weight 0.5
Course Description

The future lifetime random variable: probability and survival functions; force of mortality; complete and curtate expectation of life; Makeham and Gompertz mortality laws. Life tables: characteristics of population and insurance life tables; selection; fractional age assumptions. Life insurance payments and annuity payments: present value random variables; expected present values; higher moments; actuarial notation. Annual, 1/mthly and continuous cases. Relationships between insurance and annuity functions. Premiums: expense loadings. Present value of future loss random variables and distribution, net and gross cases. Equivalence principle. Portfolio percentile principle. Extra risks. [Note: Students who have met the ELPE requirement must contact their ACTSC advisor. Offered: F,W,S]

Typical terms may not reflect online offerings.

Course Work and Exam Spring 2021 course outline (note 2)
  • Prerequisite: (At least 60% in ACTSC 231) and (STAT 230 or 240) and (at least 60% in MTHEL 131). Not open to students who received credit for ACTSC 331.
  • Software: Some course components are not supported in Microsoft Edge.
System Requirements
  • A computer with Internet access is required for all online and multimodal courses. Please see the System Requirements.
Taught in English
How to Register:
Waterloo Students
Enrol In, Drop, and Swap Classes Online
How to Register:
Non-Waterloo Students
How to Apply - Prospective Students
Fees Tuition Fees, Financial Aid, Scholarships, and Awards

  1. The Undergraduate Calendar and the Graduate Calendar are the official source for information about course details. Quest is the official source for Undergraduate and Graduate Schedule of Classes information. The offerings indicated on this site are unofficial and subject to change daily. The course instructor will provide the official course requirements and expectations at the start of term.
  2. If available, the example of a recent course outline is provided for general information only. It gives an overview of the course from a recent offering but it is not the course outline for the current offer and is subject to change. If you are currently taking this course, the official course outline that applies to this offer is in your online course.
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