ADVANCED LONG-TERM ACTUARIAL MODELING

Prerequisites & course information

Requisites: ACT SCI 650 Course Designation: Core GenEd - Mathematics & Quantitative Reasoning Level - Advanced L&S Credit - L&S Liberal Arts and Science Repeatable for Credit: No Last Taught: Spring 2026 Learning Outcomes: 1. Develop and utilize multiple state models in actuarial applications and calculate premiums and reserves for policies associated with multiple state models. Audience: Undergraduate 2. Apply special cases of multiple state model in actuarial practice, including the multiple decrement and multiple life models. Audience: Undergraduate 3. Understand liabilities and required contributions for pension plans and post retirement health plans. Audience: Undergraduate 4. Evaluate premiums and liabilities for Universal Life insurance policies. Audience: Undergraduate 5. Apply profit testing methodology to price and evaluate insurance policies. Audience: Undergraduate Learning Outcomes: 1. Develop and utilize multiple state models in actuarial applications and calculate premiums and reserves for policies associated with multiple state models. Audience: Undergraduate 2. Apply special cases of multiple state model in actuarial practice, including the multiple decrement and multiple life models. Audience: Undergraduate 3. Understand liabilities and required contributions for pension plans and post retirement health plans. Audience: Undergraduate 4. Evaluate premiums and liabilities for Universal Life insurance policies. Audience: Undergraduate 5. Apply profit testing methodology to price and evaluate insurance policies. Audience: Undergraduate