Actuarial Outpost Fall 2018 LTAM Progress Thread
 Register Blogs Wiki FAQ Calendar Search Today's Posts Mark Forums Read
 FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions

 Not looking for a job? Tell us about your ideal job, and we'll only contact you when it opens up. https://www.dwsimpson.com/register

 Long-Term Actuarial Math Old Exam MLC Forum

#181
09-11-2018, 07:39 PM
 Kaur Member SOA Join Date: Mar 2016 Posts: 62

Thanks! looks like can't leave anything from the syllabus.
Good luck!

Quote:
 Originally Posted by NchooseK And pensions are supposed to be “going away,” at least the jobs are. Go figure. I do not believe the pension sections up until retiree health are very difficult at all; CA introduces them kindly and thoroughly. The final section, the one on retiree health, is a doozy. SOA has not been very clear about it and manual writers are doing their bests using what they are given. I could see one MC or a low point short answer on this topic, but what do I know. You may even get asked to explain the normal contribution in English in a certain context. Keep plugging. Sent from my iPhone using Tapatalk
#182
09-12-2018, 10:42 AM
 KarimZ Member SOA Join Date: May 2015 Location: Pakistan College: Graduate, Bsc Accounting and Finance Posts: 207

Are you guys taking Adapt for LTAM, or relying on the published questions for practice?

Adapt worth it for this exam?
__________________
P FM MFE C LTAM PA

VEEs

FAP

APC

#183
09-12-2018, 10:52 AM
 SIGUS Member CAS SOA Join Date: Oct 2014 Posts: 52

Quote:
 Originally Posted by KarimZ Are you guys taking Adapt for LTAM, or relying on the published questions for practice? Adapt worth it for this exam?
I am grinding all 13 ASM Practice Exams
#184
09-12-2018, 01:41 PM
 KarimZ Member SOA Join Date: May 2015 Location: Pakistan College: Graduate, Bsc Accounting and Finance Posts: 207

Quote:
 Originally Posted by SIGUS I am grinding all 13 ASM Practice Exams
Think Ill do the same. Should be enough practice?
__________________
P FM MFE C LTAM PA

VEEs

FAP

APC

#185
09-12-2018, 01:57 PM
 SIGUS Member CAS SOA Join Date: Oct 2014 Posts: 52

Quote:
 Originally Posted by KarimZ Think Ill do the same. Should be enough practice?

I believe so!
#186
09-12-2018, 06:23 PM
 zenkei18 Member Non-Actuary Join Date: Jan 2014 College: Angelo State University Posts: 784

Quote:
 Originally Posted by Kaur Thanks all. I think doing more problems (like any other exam) would probably be better than spending more time on learning the material. Good luck to us all! But whosoever says - you passed C, MLC should be fine for you, is an idiot (sorry) lol
Probably true, at this point doing a ton of practice exams would give me a better chance to pass than just trying to finish reading the material then doing the practice exams. Learn as I go I guess. I may still sign up, I have a couple of weeks to decide...
__________________
P FM MFE C MLC
#187
09-14-2018, 02:18 AM
 karenyoung SOA Join Date: Aug 2016 Location: Irvine, California Studying for FAP Final Assessment College: UCLA Posts: 16

Hello everyone! Could somebody please explain Question 8.16 in the MC LTAM released questions?

$\inline&space;\int_{0}^{14}&space;exp(-\int_{0}^{u}(\mu&space;^{01}+\mu&space;^{02})ds)&space;\cdot&space;\mu&space;^{01}&space;\cdot&space;exp(-\int_{0}^{1}\mu^{12}ds)&space;du$

$\inline&space;\int_{0}^{14}&space;exp(-\int_{0}^{u}(\mu&space;^{01}+\mu&space;^{02})ds)&space;\cdot&space;\mu&space;^{01}&space;\mathbf{\cdot&space;_{14-t}^{.}\textrm{p}_{50+t}^{11}}&space;dt&space;\cdot&space;exp(-\int_{0}^{1}\mu&space;^{12})$

To me, it looks like they're not accounting for the possibility that the insured could, before time 14, transition to state 2 after transitioning to state 1. Please help, thanks!
__________________
ASA

Exams: D&P | F&V | Specialty

Modules: Health Economics | Health Foundations | Pric, Resv, Forec

DMAC

FAC
#188
09-14-2018, 08:19 AM
 Nyorky2428 Member SOA Join Date: Feb 2012 College: Penn State Alum Posts: 328

Quote:
 Originally Posted by karenyoung Hello everyone! Could somebody please explain Question 8.16 in the MC LTAM released questions? They state the answer is: $\inline&space;\int_{0}^{14}&space;exp(-\int_{0}^{u}(\mu&space;^{01}+\mu&space;^{02})ds)&space;\cdot&space;\mu&space;^{01}&space;\cdot&space;exp(-\int_{0}^{1}\mu^{12}ds)&space;du$ But why isn't the answer: $\inline&space;\int_{0}^{14}&space;exp(-\int_{0}^{u}(\mu&space;^{01}+\mu&space;^{02})ds)&space;\cdot&space;\mu&space;^{01}&space;\mathbf{\cdot&space;_{14-t}^{.}\textrm{p}_{50+t}^{11}}&space;dt&space;\cdot&space;exp(-\int_{0}^{1}\mu&space;^{12})$ To me, it looks like they're not accounting for the possibility that the insured could, before time 14, transition to state 2 after transitioning to state 1. Please help, thanks!
The problem is only concerned if it has to pay the insurance out, which is triggered by being in state 1 for a year. It doesn’t care if the person dies (State 2) after receiving the benefit
__________________
Not my chair, not my problem. That’s what I say
#189
09-14-2018, 10:45 AM
 TranceBrah Member SOA Join Date: Mar 2014 Location: Best Coast Posts: 242

What are these released questions? Are they different than the Past Exams which are organized by sitting dates?
#190
09-14-2018, 11:16 AM
 windsowe Member SOA Join Date: Feb 2011 Location: Nashville Studying for LTAM College: Vanderbilt Alum Favorite beer: Hopothermia Double IPA Posts: 220

2.1
__________________

___________
P FM MFE C LTAM PA
FNCE ECON STAT

FAP
APC