Principles of Actuarial Modeling
Text size: larger | smaller

Survival Models

Worked Example

You model the mortality of a population of 65 year old males using a 2 state markov model. In historic data you have observed a population of 1000 individuals and recorded 234 deaths over a 2 year period. Calculate the probability that a 65 year old from the population will survive until his 66 birthday.

Bookmarking tools: