Analysis of probability distributions and present values associated with multiple life models, multiple decrement models and more general multi-state models and applications to life Insurance and other long term coverages including disability Income and other health care coverages.

Prerequisite(s): A minimum mark of 60% in each of Actuarial Science 3429A/B and in Statistical Sciences 3657A/B. Restricted to students enrolled in any Actuarial Science module.

Extra Information: 3 lecture hours.