Online Course for the Spring 2012 Exam MLC: January 11 - April 28
Actuarial Exam Preparation Courses by G.V. Ramanathan
I will continue to be available after April 28 until the day of the SOA
exam to answer questions and be of help.
Registration information is at the bottom of this page
About the Course
This course
will cover the new SOA syllabus for the Spring 2012 MLC Exam using both the multistate approach and the traditional approach
Life Contingencies. In the very first session we will get an overview of the subject, including Insurance, Annuities,
Premiums and Reserves. The second session will deal with all that we would need to know about Markov Chains. After that
each topic will be introduced through a multistate approach and it will be integrated with the traditional approach. The hope
is that the student will be ready for exam questions that involve either of the approaches.
How
the course will be run:
There is a schedule below. On the day of each session I will post a
reading assignment from the Study Guide, a summary of the topic, some illustrative explanations, examples and exercises
and a quiz. On the date that the quiz is due the students will upload the answers. Later that day I will post complete solutions
to the quiz.
There will be two midterm exams and a final.
You may ask me questions directly
at any time via e-mail and I will respond as promptly as I can. There will also be a Forum for students to discuss with
each other and with me. This continual interaction is the most important part of the course.
About Exams:
I will post the exams at the course site, usually
at 9 a.m. of the exam day. Students will take the exam over the allotted time and upload the answers. Later that
day I will post the complete solutions. If for some reason that time is not convenient for you, please let me know and we
can arrange for you to take it at a later time.
Textbook:
The textbook for this online course is "Models for Life Contingencies - A Study Guide for for SOA Exam
MLC - 2012 Electronic Edition" by G.V.Ramanathan
Practice Exams:
Students
registered in this course will have free access to ten practice exams during the review period. They are in both
computer based format and pdf format.
Software requirement:
The
assignments and exams will be in pdf format. In order to open them you will need the Adobe reader, which you can download
from www.adobe.com
SCHEDULE
(Since this is the first time this course is being offerred, there may be changes to this depending on the students'
needs. Note that the durations of sessions vary depending on the material.)
January 11
Overview of Life Contingencies
January 18
Continuous- and Discrete-time Markov Chains
January 28
Two states: Survival Distributions for a Single Life.
February 8
Three States - Disability Models
February 17
Four States - Two Lives
February 24
Several States - Multiple Decrements
March 4
Exam 1
March 5
Insurance
March 12
Annuities
March 19
Premiums
March 26
Reserves
April 2
Interest Rate Risk
April 8
Topics from Pension Mathematics and UNiversal Life Insurance, etc,
April 15
Exam 2
April 14 - 27
Review and Practice Exams
April 28
Final Exam
Tuition: 680 dollars US. (Does not include Study Guide). There will
be no refunds after the first week of the course.
You may register and also purchase the Study Guide at any of these places.
Registration will close on January 9, or earlier if class
is filled. If you are awaiting results from the May 2011 exam, please send a note to gvr@actuarialexamprep.us for saving a space for you.
