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Life Pricing Exam Old Individual Life & Annuities Design and Pricing Forum

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  #11  
Old 06-15-2018, 12:55 PM
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BrownEyedGirl93 BrownEyedGirl93 is offline
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Welp. I ordered mine in may. Still haven't arrived. One call to SOA later... When I ordered, they were "out of stock", and never filled the order once they had more.
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  #12  
Old 06-16-2018, 09:38 AM
tymonyang tymonyang is offline
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I'm in. I'm thinking using TIA since I used it for MLC exam and I passed it on my first attempt. I haven't started to study yet but will do soon.

Btw, I'm working on Regulation and Taxation module right now. Hope to finish it by the end of June so that I can start to study for my first FSA exam.
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  #13  
Old 06-16-2018, 11:51 AM
Arms91 Arms91 is offline
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I'm surprised so many people here haven't started studying yet or are just now starting. I would advise to get started immediately.

I know I started early but I am already very glad I did. There is a huge amount of material here to understand/memorize. Then again, some people here could be much better at retaining and memorizing than me so if that's the case then starting a month or two later may still be okay.
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  #14  
Old 06-16-2018, 03:33 PM
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Eddie Smith
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There are a number of people that have already started, but you probably won't find as much AO traffic here as you might for the prelims. June also tends to see a dip in study chatter since people are in between the highs of the last exam and the results date in July. Our forums heat up considerably in July as people start committing to a firm study schedule more.

As always, if you are starting early, I recommend focusing on concept learning as much as possible since concepts tend to stick in your long-term memory best. I've seen people start with 6+ months and take a mostly memorization approach, only to come up short on the exam, where the questions are increasingly designed to test around a pure list recall approach. In fact, I have some analysis in the online seminar that shows that only about 5% of exam points are based on "list" type questions. Most questions require descriptions, evaluations, assessments, critiques, and of course calculations and interpretations of numerical results.

The key advantage of starting early is that you have more time to learn things, but the key disadvantage of starting early is that you have more time to be at risk for burnout. No matter when you start, it is very important to hit it hard in late August through October, but this is a time when people who start early will be at most risk for fatigue. One way to avoid that is to take breaks throughout the summer. The "marathon" analogy may seem like a cliche, but it is very much like that. Pace matters, so you can finish strong

Also, it is very normal to feel overwhelmed by the enormous amount of material on an FSA exam syllabus like LP. Just remember you do not need to be perfect to pass or even get a 10. The key is to be positive and persistently expose yourself to the material. Your mind will retain much more than you realize by constantly exposing yourself to the material and doing whatever it takes to stay engaged and avoid distractions. Easier said than done, but put in the work, and you will usually be rewarded.
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  #15  
Old 06-16-2018, 05:53 PM
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Quote:
Originally Posted by Arms91 View Post
I'm surprised so many people here haven't started studying yet or are just now starting. I would advise to get started immediately.

I know I started early but I am already very glad I did. There is a huge amount of material here to understand/memorize. Then again, some people here could be much better at retaining and memorizing than me so if that's the case then starting a month or two later may still be okay.
The problem was that the SOA didn't release the syllabus until two weeks ago. I bought the study materials as soon as they became available and have only had them for a week.
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  #16  
Old 06-19-2018, 11:25 AM
FrancisY FrancisY is offline
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Quote:
Originally Posted by Arms91 View Post
I'm surprised so many people here haven't started studying yet or are just now starting. I would advise to get started immediately.

I know I started early but I am already very glad I did. There is a huge amount of material here to understand/memorize. Then again, some people here could be much better at retaining and memorizing than me so if that's the case then starting a month or two later may still be okay.
The forum may be quiet but we have had students asking questions on the materials already. So don't gauge the study progress based on the activities on this forum.

I also recommend students to start studying around this time just so that they don't feel panic near the exam date. There is a lot of material and you have to keep yourself relax the whole study time in order to absorb the material. I often hear students feeling pressured later or having other priorities showed up and then end up skipping some study notes.
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  #17  
Old 07-20-2018, 04:50 PM
FrancisY FrancisY is offline
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Exam season is official upon us now!

One thing I like to recommend that EVERYONE do early on in the process is go check out the SOA's Guide to Written Exams. There is a nice overview there, as well as some decent videos that will give you some pointers on how to think about the exam.

Good luck as everyone gets going! Stay focused, work hard, and study smart. You can do this!
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  #18  
Old 07-26-2018, 01:14 PM
Arms91 Arms91 is offline
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How's everyone progressing so far?

I've really studied a lot over the past couple of months. I started a job with a new company in early June. Work has been really slow for me so I've been taking advantage of the down time. I finished my first pass of the material a few weeks ago. I actually just finished my second pass of everything too (decided to watch TIA videos at 2x speed only). Before my second pass I printed out all the flashcards so I would go through those with the videos and make notes on any that were unclear. Now I'm going through the flashcards only for my third pass, however I'm planning to pause to rewatch any lessons if any of the flashcards are confusing or I want to see/do an example. I'll probably start working through TIA's drill problems in a couple of weeks while continuing to cycle through flashcards every day. For the last month and a half, I'm planning to memorize as many flashcards as possible and do a couple of timed practice exams.

Any comments or suggestions on my strategy? Eddie I know you warn against burnout for people in my position, but I'm really determined to put in the work consistently and not burnout. If I don't pass, it will not be for a lack of effort! That's why I want to make sure my strategy is sound. Thanks
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  #19  
Old 07-26-2018, 08:21 PM
Canadiens Fan Canadiens Fan is offline
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I started studying two weeks ago and haven't finished the first section of TIA yet. Hoping to finish my first pass of the material by the end of August.
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  #20  
Old 07-27-2018, 09:28 AM
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Eddie Smith
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Quote:
Originally Posted by Arms91 View Post
How's everyone progressing so far?

I've really studied a lot over the past couple of months. I started a job with a new company in early June. Work has been really slow for me so I've been taking advantage of the down time. I finished my first pass of the material a few weeks ago. I actually just finished my second pass of everything too (decided to watch TIA videos at 2x speed only). Before my second pass I printed out all the flashcards so I would go through those with the videos and make notes on any that were unclear. Now I'm going through the flashcards only for my third pass, however I'm planning to pause to rewatch any lessons if any of the flashcards are confusing or I want to see/do an example. I'll probably start working through TIA's drill problems in a couple of weeks while continuing to cycle through flashcards every day. For the last month and a half, I'm planning to memorize as many flashcards as possible and do a couple of timed practice exams.

Any comments or suggestions on my strategy? Eddie I know you warn against burnout for people in my position, but I'm really determined to put in the work consistently and not burnout. If I don't pass, it will not be for a lack of effort! That's why I want to make sure my strategy is sound. Thanks
It sounds like you are highly motivated, and I think that is the key. As I recently told someone who emailed me for advice on when to take some time off, I think it makes sense to just listen to what your mind and body are telling you. If you are on a roll, definitely keep it rolling. If you're starting to struggle to pay attention, that might be a sign to take a little break and reboot.

This will be different for every person, but in a sense, you are really two people: your "worker" self and your own manager/boss. Sometimes I think it makes sense to assess yourself as though you are giving advice to a close friend or someone you care about. For example, if you observed a close friend studying 12 hours a day and becoming sleep deprived, what advice would you give them? To keep doing the same or try to take better care of themselves? This also becomes really important in the final weeks when over-studying can actually hurt your chances of passing if you show up for the exam brain dead due to lack of sleep and exercise.

I'm definitely not saying you or anyone else are doing that. Just using this as a chance to throw out some general advice.
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Last edited by E; 07-27-2018 at 09:41 AM..
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