Actuarial Math 1 Flashcards

(13 cards)

1
Q

Px

A

probability of survival from age x to age x+1

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2
Q

qx

A

probability of death between age x and age x+1

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3
Q

ω

A

age by which everyone dies in the given populaton

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4
Q

qω-1

A

=1

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5
Q

lx

A

Number of lives age x in a “hypothetical” population which experiences the mortality given by a specific vector of qx factors

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6
Q

l0

A

Number of lives age 0 in our “hypothetical” population- is an arbitrary number referred to as the “radix” of the life table

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7
Q

dx

A

Number of lives in our “hypothetical” population who die between the ages of x and x+1 magnitude depends on the radix
dx=lx, qx=dx/lx

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8
Q

Lx

A

total “person years” lived by the lx people now age x between the ages of x and x+1
OR
Average number of people alive in our population between the ages of x and x+1

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9
Q

Tx

A

Total “person-years” lived by the lx people now age x between the ages of x and ω

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10
Q

K

A

random variable representing the number of whole years (integers) lived by a person now aged x

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11
Q

Kx

A

curtate future years livd by (x)

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12
Q

(x)

A

A person now aged x

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13
Q
A
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