Title

Understanding the Breadth of Life Contingent Insurance Options

Presenter Information

Alex Nesbitt

Document Type

Oral Presentation

Location

SURC Ballroom C/D

Start Date

16-5-2013

End Date

16-5-2013

Abstract

This project aims to convey actuarial concepts to individuals not well rehearsed in the discipline by providing a simple, easy to understand tool that allows the user to custom-build an insurance product. By allowing the user to choose a number of options related to insurance benefits, annuities, and payment plans, they can learn about some of the options available to them and how the product’s pricing is influenced by these choices. The prices are calculated on-the-fly using an illustrated life table.

Poster Number

22

Faculty Mentor(s)

Yvonna Chueh

Additional Mentoring Department

Actuarial Science

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May 16th, 11:30 AM May 16th, 2:00 PM

Understanding the Breadth of Life Contingent Insurance Options

SURC Ballroom C/D

This project aims to convey actuarial concepts to individuals not well rehearsed in the discipline by providing a simple, easy to understand tool that allows the user to custom-build an insurance product. By allowing the user to choose a number of options related to insurance benefits, annuities, and payment plans, they can learn about some of the options available to them and how the product’s pricing is influenced by these choices. The prices are calculated on-the-fly using an illustrated life table.