Stat 344: Long-term Actuarial Mathematics

Fall 2025
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 - Annotated
Chapter 2 - Survival Models - Annotated
Chapter 3 - Life Tables and Selection - Annotated
Chapter 4 - Life Insurance - Annotated
Chapter 5 - Life Annuities - Annotated
Chapter 6 - Premiums - Annotated
Chapter 7 - Policy Values - Annotated

Homework

Assignment 1 - Due Thursday, September 25th at 2:00 pm on Learning Suite
Assignment 2 - Due Thursday, October 9th at 2:00 pm on Learning Suite
Assignment 3 - Due Thursday, November 6th at 2:00 pm on Learning Suite
Assignment 4 - Due Thursday, November 20th at 2:00 pm on Learning Suite
Assignment 5 - Due Thursday, December 4th at 2:00 pm on Learning Suite
Assignment 6 - Due Tuesday, December 9th at 2:00 pm on Learning Suite

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.