ACTS6301 - Principles of Long Term Actuarial Mathematics I

ACTS 6301 Principles of Long Term Actuarial Mathematics I (3 semester credit hours) The purpose of this class is to develop the students' knowledge of the theoretical basis of life contingent actuarial models and the application of those models to life insurance and other financial risks. Life contingencies, survival models, life insurances, life annuities, and their corresponding premiums will be studied. Reserves for life insurance and life annuities will be introduced. This class covers parts of SOA Exams FAM and ALTAM. Prerequisites: (STAT 5351 and ACTS 6308) and instructor consent required. (3-0) Y