Actuarial Outpost
 
Go Back   Actuarial Outpost > Exams - Please Limit Discussion to Exam-Related Topics > SoA/CAS Preliminary Exams > Long-Term Actuarial Math
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions

Search Actuarial Jobs by State @ DWSimpson.com:
AL AK AR AZ CA CO CT DE FL GA HI ID IL IN IA KS KY LA
ME MD MA MI MN MS MO MT NE NH NJ NM NY NV NC ND
OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY

Long-Term Actuarial Math Old Exam MLC Forum

Reply
 
Thread Tools Search this Thread Display Modes
  #1  
Old 04-24-2019, 09:24 PM
Sona Sona is offline
Member
SOA
 
Join Date: Jun 2014
College: University of Southern California, Alumni
Posts: 69
Default Question Regarding Insurance Ages

When trying to calculate a person's insurance age and the question says round age to the nearest birthday, for a person with a birthday that is exactly 6 months apart from their purchase date, do you round up or down for their age?

For example, someone with a DOB of 9/1/1945 and a purchase date of 3/1/2019, would you round their insurance age to 3/1/1945 or 3/1/1946?
Reply With Quote
  #2  
Old 04-24-2019, 09:34 PM
Colymbosathon ecplecticos's Avatar
Colymbosathon ecplecticos Colymbosathon ecplecticos is offline
Member
 
Join Date: Dec 2003
Posts: 6,121
Default

Do you have an example of such a problem?

Also, the problem could only arise in years with an even number of days.

Seriously, focus on non-trivial issues.
__________________
"What do you mean I don't have the prerequisites for this class? I've failed it twice before!"


"I think that probably clarifies things pretty good by itself."

"I understand health care now especially very well."
Reply With Quote
  #3  
Old 04-24-2019, 10:42 PM
SweepingRocks SweepingRocks is offline
Member
SOA
 
Join Date: Jun 2017
College: Bentley University (Class of 2019ish)
Posts: 166
Default

I agree with fossilized penis. This will never happen on this exam. If it does, I will pay you $1,000.
__________________
FM P MFE STAM LTAM Modules: 1 2 [Pending Grade] 3 [Pending Grade] 4 [In Progress]

Former Disney World Cast Member, currently no idea what I'm doing

"I think you should refrain from quoting yourself. It sounds pompous." - SweepingRocks
Reply With Quote
  #4  
Old 04-25-2019, 12:08 AM
NchooseK NchooseK is offline
Member
SOA
 
Join Date: Nov 2012
Location: Philly area
Studying for PA, LTAM, FA (FAP)
College: Swarthmore College (BA Mathematics), Villanova University (MS Applied Stat)
Favorite beer: I don't drink beer, but I love the Dos Equis commercials.
Posts: 353
Default

Fill in all bubbles and report defective question to SOA.
__________________
Exams: P | FM | C | MFE | LTAM | SRM Credit | PA

VEE: Statistics | Finance | Economics

FAP: 1 | 2 | 3 | 4 | IA | 6 | 7 | FA

Conferences: APC
Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -4. The time now is 04:32 AM.


Powered by vBulletin®
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 0.28982 seconds with 9 queries