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#151




I would because they didn't really come up on the 1st sitting of LTAM. One of the WA questions was a question just on the LeeCarter model. It wouldn't surprise me one bit if they have WA questions on the CBD model and cubic splines next time.
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#153




Is there a place to see the answers for the Fall 2018 LTAM exam?
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Former Disney World Cast Member, currently no idea what I'm doing "I think you should refrain from quoting yourself. It sounds pompous."  SweepingRocks 
#154




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That page has links to lots of past exams and solutions, including Fall 2018 LTAM 
#156




I have a tough time with pension questions...not really with getting the right or wrong, they just take FOREVER. Anyone else have this issue and find a way to be faster? For the written answer is it worth it to write out what I would do to solve and not actually solve it?

#157




How's everybody doing? Just went through SOA 237 these past days and got 40 wrong. Gonna try and hammer down the concepts those were on in the final days. (Specifically Lee Carter and the independent double decrements (Possibly calling that by the wrong name))
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Former Disney World Cast Member, currently no idea what I'm doing "I think you should refrain from quoting yourself. It sounds pompous."  SweepingRocks 
#158




That's where I'm having trouble; I understand the questions and can do them, just takes a long time. Written answer ones, specifically.
I've run into a few from past exams that are just beasts...midyear exits, having to calculate the accrued liability given that someone could retire at age 64.5 or 65; requiring me to use UDD to calculate lives at ages 64.5 in order to get probabilities, needing to use woolhouse or UDD to find monthly annuity values...then having to calculate the normal cost, so needing to calculate the accrued liability again for the next year. Nothing hard exactly, but tedious and so time consuming. I'm not sure what I can do aside from keep practicing and hoping to get quicker. 
#159




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My only question is, is it feasible to apply "shortcuts" for Normal Cost for PUC and TUC? I believe the premise is, if there are no midyear exits for valuation year t and valuation year + 1, then you can use: x=years of service by valuation year t PUC: Normal Cost = 1/x * Accrued Liability at t TUC: Normal Cost = (((x+1)/x * salary at valuation+1 / salary at valuation)  1) * Accrued Liability at t which saves you from calculating the accrued liability at time t+1 but I am not sure if SOA accepts these formulas? That said, what do people think will likely be tested in Spring 2019 WA? My guesses: something pension related (either with PUC&TUC accrual or unique payouts/accrual) general question that tests understanding of insurance/life/annuity benefits reserving (probably with FPT and then either Thieles/Euler or unique reserve pattern) Either Lee Carter/CDB or spline/improvements or KM/NA (I see a KM/NA in sample, but it's not tested...yet?) ??? 
#160




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