The course aims at providing the student with the basic actuarial tools in the life insurance field. Main topics dealt with are: 1. Basics of valuation in finance and life insurance 2. Stochastic models describing lifetime 3. Models describing lifetime for actuarial applications 4. Types of products; actuarial values and net premiums 5. Reserves. Risk and saving 6. Reserving basis. Expected profits 7. Variable benefits 8. Office premiums and product structure