Life contingency is an unique subject in the actuarial profession. The core component of it, the life decrement model, is well covered in some textbook such as "Actuarial Mathematics" or exam such as MLC. However, the textbooks and the exams are sometimes too theoretical, and lack practical details for junior actuaries to apply them in their daily work.
Index
1. Introduction to Decrement Model
2. Types of Decrements
3. Select and Ultimate Table
4. Single Decrement Model
5. Double Decrement Model
6. Triple Decrement Model
7. Terminal and Non-terminal States
8. Generalized Decrement Model
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