← All Cheat Sheets
Exam LTAMExam STAM
Actuarial Notation Cheat Sheet
International actuarial notation for life contingencies, annuities, and premiums.
Life Table Notation
- : Number of lives at age in the life table
- : Number of deaths between ages and ;
- : Probability of death within one year for a life aged ;
- : Probability of surviving one year;
- : Probability of surviving years;
- : Probability of dying within years;
- : Probability of dying between times and ;
- : Force of mortality at age
Insurance Notation
- : APV of whole life insurance (discrete, paid at end of year of death)
- : APV of whole life insurance (continuous, paid at moment of death)
- : APV of -year term life insurance
- : APV of -year endowment insurance
- : Second moment of PV of whole life insurance (use )
Annuity Notation
- : APV of whole life annuity-due (payments at beginning of year)
- : APV of whole life annuity-immediate (payments at end of year)
- : APV of continuous whole life annuity
- : APV of -year temporary life annuity-due
- : APV of -year deferred whole life annuity-due
Premium and Reserve Notation
- : Net annual premium for whole life insurance
- : Net annual premium for -year endowment
- : Net premium reserve at time for whole life insurance
- : Net premium reserve at time for -year endowment
Commutation Functions
- : Discounted number of lives
- : Used for annuity calculations
- : Discounted deaths
- : Used for insurance calculations
Put these formulas to work
Practice with flashcards and test your knowledge with practice exams.
Start Studying Free