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Life Finance and Valuation Exam Old Individual Life and Annuities Forum

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  #251  
Old 05-17-2019, 01:20 PM
Arms91 Arms91 is online now
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Originally Posted by be the good guy View Post
A. True - I know less about this topic but it sounded pretty good.
D. False - The reserve credit is the run without reinsurance less the run with reinsurance.

If a statement is True, do you need to provide an explanation for why it is true when the question asks you to critique the statement?
Thank you!

Yes I think you are expected to elaborate on why a statement is true.
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  #252  
Old 05-17-2019, 01:22 PM
be the good guy be the good guy is offline
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Thank you!

Yes I think you are expected to elaborate on why a statement is true.
Look at the model solution for the Fall 2018 exam (Question 1). When a statement was true, they just said true on the model solution. That is what I did on this last exam.
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  #253  
Old 05-17-2019, 01:28 PM
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Originally Posted by be the good guy View Post
Look at the model solution for the Fall 2018 exam (Question 1). When a statement was true, they just said true on the model solution. That is what I did on this last exam.
I've seen that before. Yeah it's kind of a gray area. I would personally rather provide some reasoning just in case. It may not always be necessary to receive full credit though.
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  #254  
Old 05-17-2019, 01:42 PM
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A. False - I flip flopped on this, but landed on False because the investment contracts part was IFRS 9, and still is in some circumstances
B. True - I noted that as long as current estimate is the best estimate, which seemed reasonable
C. False
D. True
E. False - this one was close. The reasoning on top is right, but the discount rate is based on characteristics of liability and asset cash flows, i.e. insurance cash flows. At least that's my interpretation
F. False
G. False
I agree that E is false: Makes economic mismatch of assets and liabilities more visible, especially for liabilities that are not directly linked to assets and/or have a different duration
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  #255  
Old 05-17-2019, 01:57 PM
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I agree that E is false: Makes economic mismatch of assets and liabilities more visible, especially for liabilities that are not directly linked to assets and/or have a different duration
Are you sure you aren't thinking of GAAP TI discount rate changes?
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  #256  
Old 05-17-2019, 02:25 PM
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Are you sure you aren't thinking of GAAP TI discount rate changes?
That's right out of the study note on discount rate changes from IFRS 4 to IFRS 17.

Anyone redo their calcs for 6a and have an answer near 51?
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  #257  
Old 05-17-2019, 03:05 PM
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Originally Posted by Testing1to10 View Post
For your other question, Eddie typically has not posted solutions before our grades come out. With the massive changes to the Life Pricing syllabus, I doubt that he would be doing so for this sitting.
Yes, LPM and LAM updates are my top priority right now and will remain so until they are in good shape!

However, I still plan to post some solutions for the spring LFV exam later this sitting. At least I won't have to put much time into working the last LP exam!
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  #258  
Old 06-13-2019, 12:11 PM
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Does the SOA not post any solutions until after the exam results have been released?
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  #259  
Old 06-14-2019, 10:22 AM
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4 more weeks of freedom! Enjoy it before going back to the studying grind.
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  #260  
Old 06-14-2019, 11:00 AM
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Quote:
Originally Posted by be the good guy View Post
Does the SOA not post any solutions until after the exam results have been released?
Usually SOA solutions are posted in early to mid August. So exam results first, then SOA solutions a few weeks to a month later. That's assuming they follow the same timing trends as usual.
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