Long-Term Actuarial Mathematics Archives - Page 2 of 2 - Infinity is Really Big

April 1, 2019April 23, 2019

Families of Continuous Survival Random Variables

Studying for Exam LTAM, Part 1.1

Photo by Nick Morrison on Unsplash

Where do we begin? Assuming the reader’s knowledge of the fundamentals of (calculus-based) probability theory, the best place to start is with continuous survival models. This is also a common initial chapter in the textbooks on the subject.

As I mentioned in the post “Studying for Exam … Read the rest

March 25, 2019March 28, 2019

Studying for Exam LTAM Series

My Background and Your Prerequisites

This post is the first in a series about studying for Actuarial Exam LTAM — Long-Term Actuarial Mathematics. This exam is basically equivalent to the exam previously labeled Exam MLC — Models for Life Contingencies.

Back in the year 2005, I studied for and passed actuarial Exams P and FM (Exams 1 and 2), on … Read the rest