May 30, 2012

Ameritas Actuarial Faculty Fellowship Fund Established

The actuarial science program at the UNL College of Business Administration has been given a $500,000 gift from Ameritas Life Insurance Corp. of Lincoln to support outstanding actuarial science faculty members.

The Ameritas Actuarial Faculty Fellowship Fund is established as a permanent endowment at the University of Nebraska Foundation. The fund will award one or more annual stipends to faculty members who demonstrate outstanding teaching, scholarly research and creative activities.

JoAnn Martin, president and CEO of Ameritas, said she is enthused to fund the endowment because of the vital role that the UNL actuarial science program provides in educating actuaries.

"We're honored to support the University of Nebraska-Lincoln's outstanding actuarial science education program," Martin said. "This endowed fund will help to ensure the College of Business Administration remains on the leading edge in advancing actuarial research and teaching practices and will provide for continued excellence in developing future generations of actuarial professionals."

Warren Luckner, director of the UNL actuarial program, noted that Ameritas (originally Banker’s Life Nebraska) has been a supporter of actuarial science at the College of Business Administration since the program was established in 1957. Ameritas has continued to provide financial contributions in the form of scholarships and annual financial donations, as well as provide internships and job opportunities for students and graduates.

“We are very appreciative of the long-standing support from Ameritas and its predecessor organizations,” Luckner said. “This endowment for faculty and student support is another significant contribution that strengthens the long-term stability of UNL’s Actuarial Science program.”

 The UNL actuarial science program is renowned as one of the first schools to be recognized as a Center of Actuarial Excellence by the Society of Actuaries.

Dean Donde Plowman believes that the fellowship fund will only strengthen the programs ability to educate high achieving students. “It will help attract and keep the best faculty members who inspire and motivate students,” Plowman said.