A Cash Flow Approach To Teaching Actuarial Science
Ronald R. Crabb · 1997
The complex world of life insurance, historically the domain of those gifted in integral calculus and probabilistic and present value mathematics, is explored using Excel spreadsheets and the Solver macro. The cash flow approach to learning life insurance examines how the cash flows through an insurance company. By avoiding the need for integral calculus, probabilities, and present value mathematics, the fascinating world of life insurance is opened up for study to those students who possess only modest math backgrounds.