Handbook

There is a more recent version of this academic item available.

Overview

This course covers the actuarial mathematics and models for use in the analysis and actuarial management of life insurance and superannuation contract. Topics covered include: the main forms of life insurance and annuity contracts, disability and long term care contracts and superannuation fund benefits; actuarial notation and the life table; moments of the value of the benefit payments; Thiele's differential equation for policy values; stochastic modelling of claims and benefit payments; gross premiums, net premiums, policy values and reserves; allowing for expenses and inflation; use of discounted emerging costs and profit tests; asset shares in life insurance; termination and alteration values; cost of guarantees; joint life functions; actuarial valuation of disability insurance contracts.

Conditions for Enrolment

Prerequisite: ACTL5101, ACTL5102 and enrolment in program 8411 or 8416

Exclusion Courses

Delivery

In-person - Standard (usually weekly or fortnightly)

Please note that the above delivery information is an indication on how this course may be delivered within the year. Delivery mode(s) for each term can be viewed on other sources such as myUNSW and class timetable site.

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Course Outline

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Fees

Type	Amount
Commonwealth Supported Students (if applicable)	$994
Domestic Students	$4410
International Students	$6030

Disclaimer

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Commonwealth Supported Students:

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Pre-2019 Handbook Editions

Access past handbook editions (2018 and prior)

Faculty
Faculty: The primary academic unit in which related disciplines of teaching and research are conducted.

School
School: The academic unit responsible for teaching in disciplines or subject areas (school is part of a faculty).

Study Level
Study Level refers to the academic level of a program, specialisation or course.

Postgraduate

Offering Terms
Depending on the Academic Calendar type, an offering term generally refers to an academic teaching period of between 8-13 weeks in duration.

Term 1

Campus

Sydney

Academic Calendar

Field of Education

020109 Algorithms

Life Insurance and Superannuation

ACTL5105

6 Units of Credit