Q&A Part 9 Q5

Hello

Based on a brief look through past papers, the examiners tend to use "endowment assurance" rather than just "endowment" which hopefully removes the confusion.

If a question did refer to an "endowment", this is generic - ie could be either an endowment assurance of a pure endowment. (This is consistent with how the terms are defined in the CA1 Core Reading).

I've made a note to clarify this question to "endowment assurance" though for the next version of CA1 - thanks for pointing it out.

Hope this helps and that the studying's going well
Lynn

 

There's a guide on the profession's website:

http://www.actuaries.org.uk/students/help_support/student_handbook/study_hours#1

But this is just a guide. If it was me I would want to put in enough hours to:

- read both courses
- do all the Q&A questions
- do all the X assignment questions
- do all the past paper questions from at least the last 3 years, if not 5 years
- learn the key formulae and bits of bookwork

Scary!