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I showed in the video the textbook used in the class I taught. It is a useful textbook. You can use these videos to help you understand the textbook. I assigned problems for my students to work on. the more problems you do, the better. The SOA has questions bank, so do as much as you could. All best

Thank you. Yes, I saw it. Do you offer online courses for actuary exam preparation?

Not this time as I have professional work pressure. All best wishes in your learning.

Hello: i would suggest watching videos in order. do not move to next video until you fully understand the earlier materials. Concepts are built on each other. The relationship between x, omega, and t are explained in detail. hard to explain it again in a short comment, but if you go back and work out problems with the lecture (pause videos and do problems yourself), you should be able to get it easily. all the best

Thanks a lot. Glad you found the videos useful. All the best wishes

@@DrAmjadRabi thankyou sir

Thank you. More or less, I think yes for the long-term part. Probably some small difference as I prepared this for an academic course I was teaching, not for the SOA preparation. It's always good to check the latest syllables for the exam.

Glad you liked it

Glad you found them helpful. Thank you

You seem to mix the rate of mortality with the mean. You need to use the rate of mortality =.05 in the survival function, which is (1/20), and not 20. I suggest to review the probability review at the start of this series.

How do we know the mortality rate? Is it always given in the problem? Thank you.

Depends on the question. But for this simple question, either you are given the rate or the mean. It is easy to move from one to another.

You are welcome. Good luck in your study.

My pleasure. All best

Thank you 👍

You are welcome

If you email me at ar@amjad-rabi.com, I will send them to you.

Glad you find them useful. Email me at ar@amjad-rabi.com so I can send you problem sets.

Thank you for your kind comment. I was initially planning to do these topics as well as short-term actuarial mathematics topics, but then got busy with work engagements. Hope to do this sometime in the future. Thank you

Thank you for your comment. I was planning to complete this series and add material for short-term benefits, but got overwhelmed with work. Probably sometimes in the future. All the best in your study.

I was planning to add extra materials, but got busy with work. All the best in your study.

Thank you very much. All best 👍

Thank you. Glad you found it helpful.

Glad you like them. All the best

you may find practice exams and solutions at www.soa.org/education/exam-req/edu-exam-fam/study/

My pleasure

You are most welcome.

@@DrAmjadRabi could you please give me your email so I can ask for practice questions?

Thank you for your kind note. I was planning to complete a series on FAM-S, but got busy with work. Thank you

@@DrAmjadRabi Looking forward to it when you have the time Dr!

Thank you very much for your kind note

Glad you found it helpful. Thank you

You’re welcome

Hello: i would suggest watching videos in order. do not move to next video until you fully understand the earlier materials. Concepts are built on each other. The relationship between x, omega, and t are explained in detail. hard to explain it again in a short comment, but if you go back and work out problems with the lecture (pause videos and do problems yourself), you should be able to get it easily. all the best

Congrats for the admission. For a 4 year undergraduate program, usually you see this in third year. There are prerequisites that are taken in 1st and 2nd year. But in any case, you will be doing what I covered in any actuarial program as these are core subjects. All best wishes

Glad that you like the playlist. I was hoping to add more, but was just caught with lots of work. Thank you very much

Not sure I understood your question. But if you mean you are given interest i and not force of interest delta, then this is simple, but you must first review interest theory videos 3.1-3.4. good luck

Yes.

Many thanks for your generous words. Glad that you found the videos helpful. Thank you

Thank you

Thank you very much

Glad you like the videos.

You are most welcome

Glad that you found the videos helpful. all the best wishes

Thank you for your comment. Indeed, this is particularly the case in developing countries. If your read the IMF article IV for any developing country, a consistent message is always 'the wage bill is high compared to other countries...' so put a control on the wage bill. Two sectors suffer most: education and health, as they tend to hire a lot of civil servants. Back in 2005, for example, while meeting the IMF’s conditions aimed at reducing Ghana’s public-sector wage bill in 2005, the Ghanaian Minister of Finance wrote, “At the current level of remuneration, the civil service is losing highly productive employees, particularly in the health sector”. The results of this policy, and the weakening health care system in many countries, were seen during Ebola and certainly the most recent Covid-19 Pandemic. Similarly, public education systems in many countries are weakened with wage bill controls and shortages in funding. If you review the results of PISA (though i am not very supportive of standardized testing) you can see the result (clear relationship of how much you spend and what you get). At the heart of this is the social policy dimension: as the well off can afford private tuition and/or attending private schools, those from low-wage earners background will continue to attend public schools, which creates differential in skills sets for both groups, and later translates into wage differentials....contributing to the inequality in the society. Further, education is not only a place to learn ABC, but it has a function of developing a sese of community and unifying national identity. Having two education systems one for the well off and one for the poor further sperates the two groups and adds stratifications to the society. Thanks for making me reflect on your question.

In actuarial exams, time matters. so, it is always a good idea to know different ways/relationships so you can save a bit of time. Though you can still always derive from first principles. The way i remember this relationship is that i know the fact i > d [this is a must to know]. Now by how much i > d? it is the product of id. in other words, the relationship between i and d is that difference between them is equal to the product.

Ahh thank you. This is the only formula I hadn’t seen before. So basically, we can use id or i-d to find how much larger i is than d

Glad you like it. Thank you

Most welcome!

You can email to me at ar@amjad-rabi.com

Thanks for the kind comment.