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 Long-Term Actuarial Math Old Exam MLC Forum

#31
04-21-2013, 08:30 PM
 Acherus Member CAS SOA Join Date: Jan 2012 Location: Badger Nation Studying for MLC College: Senior Badger Favorite beer: Corona Lime Posts: 97

Quote:
 Originally Posted by mathercize Here are some study notes that I put together. If you end up using them, let me know if you find any errors or anything to add. Details:It's set-up for landscape-oriented, legal-sized paper, but kept to 10 pages (plus the first page of prob/FM review) I used Word's equation editor, so there were some limitations on notation. For example, term insurance is denoted with a prime above the age, rather than a 1. At some point I plan to create a semi-blank version for practice and will upload it if I complete it. h/t to the blackdog29 for the posted MLC notes in three parts. My notes are mostly a reorganization of those, with a few updates and additions. UPDATE: 20130411 new file
This summary is awesome. Thank you for your hard work!
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#32
04-22-2013, 04:40 PM
 mathercize Join Date: Jun 2010 College: University of Kansas Alumnus Posts: 24
Updated File

I've included an updated file (with some of the suggestions above) and also a blank sheet for practice on the formulae. I'm haven't tried filling it in yet, but I am guessing you'll have to write small to make it work.

Also added a picture to the interim reserves that helped me memorize the formula.
Attached Images
 MLC_StudyNotes_20130422_blank.pdf (817.0 KB, 3291 views) MLC_StudyNotes_20130514.pdf (904.6 KB, 4530 views)

Last edited by mathercize; 05-14-2013 at 10:26 AM.. Reason: Corrected: Woolhouse mu, 3UDD-AST, Gain-by-interest
#33
04-25-2013, 01:03 PM
 Fenex Member Non-Actuary Join Date: Mar 2012 Posts: 103

Quote:
 Originally Posted by mathercize I've included an updated file (with some of the suggestions above) and also a blank sheet for practice on the formulae. I'm haven't tried filling it in yet, but I am guessing you'll have to write small to make it work.
Thanks a lot! Gonna be depending on this to power through these next two weeks .
#34
04-25-2013, 03:49 PM
 Kaner3339 Guest Posts: n/a

Quote:
 Originally Posted by mathercize I've included an updated file (with some of the suggestions above) and also a blank sheet for practice on the formulae. I'm haven't tried filling it in yet, but I am guessing you'll have to write small to make it work.
whoa this is awesome thanks a bunch
#35
05-07-2013, 03:33 PM
 lllj Member CAS Join Date: May 2011 Posts: 5,377

FYI there appears to be a typo in the Woolhouse formula for life expectancy. Should say +1/2.
#36
05-07-2013, 03:47 PM
 mathercize Join Date: Jun 2010 College: University of Kansas Alumnus Posts: 24

@Illj I believe that the latest (0509) version has this fixed, but let me know if not.

For the record, the gain by interest formula on page 9 should have a negative out front.

Any other corrections are appreciated.
#37
05-07-2013, 03:51 PM
 lllj Member CAS Join Date: May 2011 Posts: 5,377

Oh alright. I'm just going off whatever I have printed out. On my phone, so I can't download the latest version to check. Thanks!
#38
05-08-2013, 08:59 PM
 alexsadowski Member SOA Join Date: Jun 2011 Studying for MFE College: Auburn University Favorite beer: Leinenkugel Posts: 87

Great formula summary, been reviewing with it all day and repeatedly copying down all the formulas I wasn't 100% familiar with.

Shouldn't gain by interest be (i'-i)*(t-1_V + G - e) though? Since we earn gains by better-than-anticipated interest rates, but other than that the gain by source formulas are right to me.
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#39
05-10-2013, 09:34 AM
 mathercize Join Date: Jun 2010 College: University of Kansas Alumnus Posts: 24

I agree about the gain-by-interest formula. In a previous comment I stated, "For the record, the gain by interest formula on page 9 should have a negative out front," which produces the same result.

Again, thanks for editing. I'll re-upload soon.

Quote:
 Originally Posted by alexsadowski Great formula summary, been reviewing with it all day and repeatedly copying down all the formulas I wasn't 100% familiar with. Shouldn't gain by interest be (i'-i)*(t-1_V + G - e) though? Since we earn gains by better-than-anticipated interest rates, but other than that the gain by source formulas are right to me.

Last edited by mathercize; 05-14-2013 at 10:26 AM.. Reason: this change is now reflected in the 20130514 version
#40
05-16-2013, 10:44 PM
 ExamMlc CAS Join Date: May 2013 College: Masters Posts: 10

Quote:
 Originally Posted by Buffalo P. Hunter See in attachment a pretty decent set of notes. Disclaimer: i) There are a few typos I can remember of. ii) I took the exam during the Fall 2005, I don't know how relevant the material covered in these notes is to the current syllabus.