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 Life Finance and Valuation Exam Old Individual Life and Annuities Forum

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#251
05-17-2019, 01:20 PM
 Arms91 Member SOA Join Date: Oct 2017 College: Eastern Kentucky University Alumni Posts: 128

Quote:
 Originally Posted by be the good guy 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.
#252
05-17-2019, 01:22 PM
 be the good guy Member SOA Join Date: Nov 2014 Posts: 124

Quote:
 Originally Posted by Arms91 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
05-17-2019, 01:28 PM
 Arms91 Member SOA Join Date: Oct 2017 College: Eastern Kentucky University Alumni Posts: 128

Quote:
 Originally Posted by be the good guy 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.
#254
05-17-2019, 01:42 PM
 polar09 Member Join Date: Nov 2009 College: Postgraduate Posts: 93

Quote:
 Originally Posted by Bigbobm 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
#255
05-17-2019, 01:57 PM
 Arms91 Member SOA Join Date: Oct 2017 College: Eastern Kentucky University Alumni Posts: 128

Quote:
 Originally Posted by polar09 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?
#256
05-17-2019, 02:25 PM
 Bigbobm Member SOA Join Date: Jul 2006 Location: CT Posts: 394

Quote:
 Originally Posted by Arms91 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?
#257
05-17-2019, 03:05 PM
 E Eddie Smith SOA Join Date: May 2003 College: UGA Posts: 9,353

Quote:
 Originally Posted by Testing1to10 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
06-13-2019, 12:11 PM
 be the good guy Member SOA Join Date: Nov 2014 Posts: 124

Does the SOA not post any solutions until after the exam results have been released?
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#259
06-14-2019, 10:22 AM
 Arms91 Member SOA Join Date: Oct 2017 College: Eastern Kentucky University Alumni Posts: 128

4 more weeks of freedom! Enjoy it before going back to the studying grind.
#260
06-14-2019, 11:00 AM
 Zakfischer Member SOA Join Date: Jan 2015 Location: Chicago College: Brown University Posts: 347

Quote:
 Originally Posted by be the good guy 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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