Life & Mathematics of Life Insurance FIN 381

The overall aim of this course is to introduce the students to a general knowledge about life insurance, its main concepts, types of life insurance policies and the most common provisions & riders that appear in life insurance contracts.
The objective of this course is to introduce the students to: Types of life insurance policy, life insurance policy administration, Premature Death & its financial impact on different types of families, how to calculate the Amount of life insurance to own, Life Insurance Contractual Provisions & riders & Takaful Insurance.