Separate names with a comma.
Hi, This one can be quite complicated but in general, there's no difference between the reserve at the end of one year and the reserve at the...
It's being valued as 5k paid to each life, and so when they are both alive they'll get 10k in total.
Hi, 1. Unlikely but possible, especially in paper A if you have used rounded numbers earlier (eg from the Tables). But they'd probably only...
Hi, In the 'Q4 Base' data tab for that question it says at the bottom "The company does not hold non-unit reserves". It's easily missed though -...
It's similar to the alternative way of approaching it, which is presented on page 28 of Chapter 20 of ActEd's course notes. But if you group the...
Yes that's correct. By all means reference the past paper question so that we can help with that (or check for a mistake). Thanks
Yes (reference Section 4, Chapter 21).
Yes, check out Section 3.5 of Chapter 18.
Yes, as long as you show your working and it's clear what you have done. So all three are OK. Obviously check out the Exam Handbook at...
This is explained in Section 4 of Chapter 22 of the course notes.
The process of investigation into inappropriate conduct during examinations is published in the IFoA's Assessment Regulations. All students...
Unfortunately it also says: "If you would like to take an exam of the IFoA as a non-member you can take either the CS1 or CM1 exam." And "Please...
You can only use the generic formula for the whole period if you are given only one function for the rate of payment and one for the force of...
I think you need A(t, 10). And not A(5,t). You want to accumulate each payment at time t up to time 10.
Hopefully to point you in the right direction: The force of interest is different (and zero) in the first first years. So first work out the AV...
