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Detailed Course Information


Spring 2023
Apr 18, 2024
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MA 47201 - Actuarial Models-Life Contingencies
Credit Hours: 4.00. Mathematical foundation of actuarial science, emphasizing probability models for life contingencies as the basis for analyzing life insurance and life annuities and determining premiums and reserves. This course provides the background for Course MLC of the Society of Actuaries and Course 3L of the Casualty Actuarial Society.
4.000 Credit hours

Syllabus Available
Levels: Undergraduate, Graduate, Professional
Schedule Types: Distance Learning, Individual Study, Lecture

Offered By: College of Science
Department: Mathematics

Course Attributes:
Upper Division

May be offered at any of the following campuses:     
      West Lafayette

Learning Outcomes: 1. Understand and use decrement models in conjunction with interest rate models to evaluate insurance, annuities, and investments. 2. Apply models to calculate actuarial values, gross and net premiums, and benefit and expense reserves. Among the decrement models learned will be standard mortality, models, static mortality table models, and continuous time Markov chains in both a single decrement and multiple decrement environment.

Undergraduate level MA 37300 Minimum Grade of C- and (Undergraduate level MA 41600 Minimum Grade of C- or Undergraduate level STAT 41600 Minimum Grade of C- or Undergraduate level STAT 51600 Minimum Grade of C-)

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