Actuarial Outpost Fall 2017 MLC Progress Thread
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#361
10-12-2017, 01:00 PM
 TCUMath Member SOA Join Date: May 2013 Location: DFW Studying for MLC College: Alum Posts: 71

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
10-12-2017, 01:32 PM
 HealthHoncho SOA Join Date: Nov 2016 Location: DFW Studying for MLC Posts: 10

Quote:
 Originally Posted by TCUMath 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.
#363
10-12-2017, 01:44 PM
 noonelikesmodules SOA Join Date: Jul 2017 Posts: 19

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..
#364
10-12-2017, 01:51 PM
 HealthHoncho SOA Join Date: Nov 2016 Location: DFW Studying for MLC Posts: 10

Yeah same question. Your solution is clear, the SOA's is not...
#365
10-12-2017, 02:12 PM
 TCUMath Member SOA Join Date: May 2013 Location: DFW Studying for MLC College: Alum Posts: 71

Quote:
 Originally Posted by noonelikesmodules 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
10-12-2017, 03:25 PM
 noonelikesmodules SOA Join Date: Jul 2017 Posts: 19

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.
#367
10-12-2017, 08:22 PM
 cpolek1 Member SOA Join Date: Aug 2010 Studying for MLC Posts: 546

Quote:
 Originally Posted by Hawkey 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:
Attached Images

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#368
10-13-2017, 01:50 AM
 SirActSci Member CAS SOA Non-Actuary Join Date: Dec 2015 Posts: 40

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
10-13-2017, 09:03 AM
 HealthHoncho SOA Join Date: Nov 2016 Location: DFW Studying for MLC Posts: 10

Quote:
 Originally Posted by SirActSci 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.
#370
10-14-2017, 11:19 PM
 Noob Member Join Date: Jan 2010 Posts: 99

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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