Description: This article poses the question, why doesn't the teaching of life contingencies start with the premise that the rate of investment income is a random process in a similar manner to the random nature of the time until death? The article suggests some methods for doing so.

Description: This paper from the Transactions of Society of Actuaries 1964, Vol. 16, Pt. 1, No. 44 AB, reproduces some of Bicknell and Nesbitt's key multiple-decrement theory results by building on a statistical foundation.

Description: Study of the Pareto distribution and its affect on life contingencies. Includes examples of the mortality model, actuarial present values, and whole life premiums.