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  #141  
Old 04-07-2018, 11:46 PM
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PerpetualMotion PerpetualMotion is offline
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Yeah I'm doing just that haha. For the couple of days remaining I'll do all the WA questions on ADAPT starting from those 3 sections, do a couple of quizes (level 5-6) and of course do the SOA exams starting from spring 2016.

I think it'll be enough to pass. I'm really confident I'll get this done in 1 attempt.
I honestly feel like if you put in the work on those topics you will pass, but if you half ass it you're going to fail. You have plenty of time, just put in the work. You got this.
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  #142  
Old 04-08-2018, 11:35 AM
ActuaryFromMTL ActuaryFromMTL is offline
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I honestly feel like if you put in the work on those topics you will pass, but if you half ass it you're going to fail. You have plenty of time, just put in the work. You got this.
Thank you. You too. We both got this. The material is not that difficult. You just gotta practice til your fingers fall off.
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  #143  
Old 04-08-2018, 12:08 PM
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SirActSci SirActSci is offline
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In example 63B, after finding E(L|q(75)) the solution for finding the variance uses Bernoulli simplification. I dont understand how Bernoulli applies here since the probabilities are 0.02 and 0.03 and not 0.3 and 0.7
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  #144  
Old 04-08-2018, 09:43 PM
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In example 63B, after finding E(L|q(75)) the solution for finding the variance uses Bernoulli simplification. I dont understand how Bernoulli applies here since the probabilities are 0.02 and 0.03 and not 0.3 and 0.7
Can you post the actual question? I assume it's one of the q=.02 With probability .7, etc. For these questions I always just make a table for E(L) and var(L) under each condition with the probabilities of .7 and .3 and since it's conditional on q you have to use the E(Var) + Var(E) formula. Say its 1 year term of 1000 with q=.03 with prob. 7 and q=.02 with prob .3, i=.06.. then the expected loss is 1000*.03/1.06 - P or 1000*.02/1.06 - P. There's only two possible outcomes so the var(E) portion can be done by that shortcut. But without knowing the question I have no idea. But I mean regardless of any of that the probabilities (weights in this case) will always sum up to 1.
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And NUH is the letter I use to spell Nutches
Who live in small caves, known as Nitches, for hutches,
These Nutches have troubles, the biggest of which is
the fact there are many more Nutches than Nitches.
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  #145  
Old 04-10-2018, 02:45 AM
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You have answered my question kind sir.

Thank you.
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  #146  
Old 04-10-2018, 10:57 AM
NoFunnyStuff NoFunnyStuff is offline
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Morning fellows MLC exam taker!
Exactly two weeks to go until the D-Day!!!
Let's go...
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  #147  
Old 04-10-2018, 09:44 PM
ActuariallyDecentAtBest ActuariallyDecentAtBest is offline
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Is Participating Insurance a skippable topic? Seems like a pretty unlikely topic to be asked on the exam, compared to Universal Life.
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  #148  
Old 04-10-2018, 10:27 PM
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Is Participating Insurance a skippable topic? Seems like a pretty unlikely topic to be asked on the exam, compared to Universal Life.
It wouldn't surprise me to see a question on it. They tend to mix up the questions and they haven't tested it in a while.
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P,FM MFE , C, MLC
Modules 1-8 IA
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And NUH is the letter I use to spell Nutches
Who live in small caves, known as Nitches, for hutches,
These Nutches have troubles, the biggest of which is
the fact there are many more Nutches than Nitches.

Last edited by PerpetualMotion; 04-10-2018 at 10:33 PM..
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  #149  
Old 04-11-2018, 07:40 AM
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Is Participating Insurance a skippable topic? Seems like a pretty unlikely topic to be asked on the exam, compared to Universal Life.
I have learned from taking this exam twice, that if I skip the rarely tested section, it will definitely show up on the exam. I've covered this one, so you might be safe.

In all seriousness though, we're only two weeks out, if you can make the time to at least memorize some concepts and formulas, that could get you some partial credit on a written answer question. But if it's a choice between this or universal life, I'd spend my time on UL.
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  #150  
Old 04-11-2018, 09:03 AM
ActuariallyDecentAtBest ActuariallyDecentAtBest is offline
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Originally Posted by magicjello View Post
I have learned from taking this exam twice, that if I skip the rarely tested section, it will definitely show up on the exam. I've covered this one, so you might be safe.

In all seriousness though, we're only two weeks out, if you can make the time to at least memorize some concepts and formulas, that could get you some partial credit on a written answer question. But if it's a choice between this or universal life, I'd spend my time on UL.
True. UL is a lot easier anyways, and always shows up on MCQ. Because this is the last time this entire section will be on the exam (I think), perhaps they'll throw in a Participating Insurance question...
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