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Life Finance and Valuation Exam Old Individual Life and Annuities Forum

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  #61  
Old 02-12-2019, 11:59 AM
be the good guy be the good guy is offline
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The section on determining margins seem so .... broad. I feel like someone could ramble on for an exam question on this and get some good partial credit! :P
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  #62  
Old 02-12-2019, 01:38 PM
Canadiens Fan Canadiens Fan is offline
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Quick tip: try to write key words or the gist of each paragraph out in the margin as you read -- paraphrasing in your own words. I do this when reading all technical papers. It helps me stay engaged and also surfaces more key points. Also lets me avoid having to slog back through bloated paragraphs later when I reference the paper.

Basically, make it a game where you're trying to decode what the author is saying into simpler terms. This will actually serve you well in the actuarial field forever.
Thanks, I'm taking notes in the DSM while reading the source material, and most of the key words are in the DSM. I've mostly been adding context and examples as my own notes. Going forward I'll try to identify key words on my own.
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  #63  
Old 02-12-2019, 02:03 PM
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Thanks, I'm taking notes in the DSM while reading the source material, and most of the key words are in the DSM. I've mostly been adding context and examples as my own notes. Going forward I'll try to identify key words on my own.
That's great! You can do the same in our detailed study manual too -- or really anywhere. I think the more you can move your hand and just log a trail of mental notes, the better off you are. It definitely increases what your mind retains to take notes like that. The more you can physically write by hand, the more in-shape it will be on exam day as well.
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  #64  
Old 02-12-2019, 03:34 PM
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Lord Vader Lord Vader is offline
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Old exam problems as in just LFV? Or would you recommend doing CSP ones, too?
I wouldn't go CSP until you have completed all of the LFV questions (if you make it that far). Past exam problems will give you a better feel for how questions might be structured and let you know what the writers felt was important from each reading. Eventually, you might start to sense a broader theme in the exam. Hard to explain...

The more recent the question, the better use you can make of it. There were three or four questions on the last sitting that "felt a little familiar" from looking at past exams. A little bit of familiarity on exam day goes a long way.
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