MA 47201: Fundamental Long Term Actuarial Mathematics

0 or 4 credits

Fall 2025 Lecture Recitation Upper Division
Data from
Fall 2025
last updated 8/18/2025

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.

Learning Outcomes

1Understand and use decrement models in conjunction with interest rate models to evaluate insurance, annuities, and investments.

2Apply 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.

Course MA 47201 from Purdue University - West Lafayette.

Prerequisites

GPA by professor

No grades available

T

Sally Anne Ray

001
12:00 pm
Lec
W

Sally Anne Ray

003
9:30 am
Rec

Sally Anne Ray

004
10:30 am
Rec

Sally Anne Ray

002
11:30 am
Rec
R

Sally Anne Ray

001
12:00 pm
Lec

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MA 47201: Fundamental Long Term Actuarial Mathematics