CT5 Chapter 1 Life Assurance Contracts
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Beschreibung
In chapter 1 of CT5, we will learn about the fundamental concepts of life assurance contracts. The video starts by explaining that these contracts are based on life expectancy, and there are four main types: whole life assurance, term assurance, endowment assurance, and mixed assurance. MJ, the student-actry, will guide us through the diagrams and formulas to help us understand the basics of each type of contract. We will also explore how TQX and TPX are used in the mathematics behind each type of contract. By the end of this chapter, you should have a solid understanding of the essentials of life assurance contracts.