Stat 344: Long-term Actuarial Mathematics

Fall 2024
TuTh 2:00-3:15 pm
WVB 1159
Syllabus
Announcements

In this course we focus on the types and pricing of life insurance and life annuity contracts. We will cover chapters 1-7 and 18 of the book, namely survival models, life tables, insurance, annuities, premiums, and reserves. This course qualifies (with 346) for exam FAM credit through the SOA University Earned Credit program.

Lecture Slides

Chapter 1 - Introduction
Chapter 2 - Survival Models
Chapter 3 - Life Tables and Selection
Chapter 4 - Life Insurance
Chapter 5 - Life Annuities
Chapter 6 - Premiums
Chapter 7 - Policy Values

Homework

Assignment 1 - Written Solution
Assignment 2 - Written Solution - Excel Solution
Assignment 3 - Written Solution - Excel Solution
Assignment 4 - Written Solution - Excel Solution
Assignment 5 - Written Solution
Assignment 6 - Written Solution

Exams

Practice Midterm: Problems - Solution
Practice Final: Problems - Solution

Supplementary Material

US Mortality 1933-2006
SSSM-LifeTable
Exam FAM-L Tables
Exam FAM-L Notation
Exam FAM-L Questions and Solutions
The Game
PPPP Premium Calculator
Retrospective Policy Values

Acknowledgements

Thanks to Chris Groendyke.