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  #361  
Old 10-12-2017, 01:00 PM
TCUMath TCUMath is offline
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Fall 2015 MC #14:

In the SOA solution, the expected reserve calculation uses i = .05 and q48 = .005.

Anybody know where these numbers come from?
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  #362  
Old 10-12-2017, 01:32 PM
HealthHoncho HealthHoncho is offline
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Quote:
Originally Posted by TCUMath View Post
Fall 2015 MC #14:

In the SOA solution, the expected reserve calculation uses i = .05 and q48 = .005.

Anybody know where these numbers come from?

I've been looking at this one since you asked. The SOA solution isn't clear to me either. I tried backing out interest with the given reserves. I can't quite shake out an answer.
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  #363  
Old 10-12-2017, 01:44 PM
noonelikesmodules noonelikesmodules is offline
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I don't have the SOA solution in front of me but (3_V+G)(1+j)=(deaths/inforce)*DB+(1-deaths/inforce)*(4_V) gives you j=8.5%. Are we looking at the same problem?

Last edited by noonelikesmodules; 10-12-2017 at 01:54 PM..
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  #364  
Old 10-12-2017, 01:51 PM
HealthHoncho HealthHoncho is offline
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Yeah same question. Your solution is clear, the SOA's is not...
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  #365  
Old 10-12-2017, 02:12 PM
TCUMath TCUMath is offline
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Quote:
Originally Posted by noonelikesmodules View Post
I don't have the SOA solution in front of me but (3_V+G)(1+j)=(deaths/inforce)*DB+(1-deaths/inforce)*(4_V) gives you j=8.5%. Are we looking at the same problem?
Wow. Yup that does it.

Might be a couple of silly questions, but no gain means Actual Reserve = Expected Reserve?

But Total Gain = Actual Profit - Expected Profit & NOT Actual Reserve - Expected Reserve?
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  #366  
Old 10-12-2017, 03:25 PM
noonelikesmodules noonelikesmodules is offline
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I think in this context 'no gain' implies that the equality I used to solve the problem holds true. I don't think this relates to total gain / gain by source unless I am not making a connection there.
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  #367  
Old 10-12-2017, 08:22 PM
cpolek1 cpolek1 is offline
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Quote:
Originally Posted by Hawkey View Post
Basically, the CA problem has q'(d) and q'(w), but only q'(d) is used in finding the premium and reserve under the FPT method.
Fall 2016 WA #5 is just like this:
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  #368  
Old 10-13-2017, 01:50 AM
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SirActSci SirActSci is offline
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For SOA 302, is it assumed that death occurs throughout the year.

or, what is it about the question that would allow me to get this information.

(eg. in the calculation of reserves)
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  #369  
Old 10-13-2017, 09:03 AM
HealthHoncho HealthHoncho is offline
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Quote:
Originally Posted by SirActSci View Post
For SOA 302, is it assumed that death occurs throughout the year.

or, what is it about the question that would allow me to get this information.

(eg. in the calculation of reserves)
Unless the question states otherwise, you assume deaths are throughout the year. I believe that an example would say something like "assume deaths occur in the middle of the year." But if that were the case for SOA #302 the assumptions would come out the same since the only other decrement, withdrawals, occurs at the end of the year.
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  #370  
Old 10-14-2017, 11:19 PM
Noob Noob is offline
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Anyone's biggest problem is finishing exam? I just did SOA 2017 Spring. MC took 2.25 hours. I only had time to do 3.5 WA questions .

Any advice? I actually got 19 of the 20 MCs right but given how little time I had to finish WA, I would still have trouble passing the real thing.
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