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More thoughts on CBT exams

Thu, 17 Sep 2020

As of right now, we are about 6 weeks out from the fall 2020 exam date. I was hoping that by this time we would have some sample questions from the SOA to use as a guide for what to expect under the new format. I’m sure they are working hard on developing additional guidance, … Continue reading

Navigating the uncertainties of CBT

Fri, 28 Aug 2020

Someone recently asked a question that I’m sure many of you have thought about too: There are times in the seminar where Eddie instructs us to not worry too much about some section of material because any question the SOA asks would go “beyond what you could realistically do with a handheld calculator”. Now that … Continue reading

ILA roadmap for CBT-related updates in fall 2020 and beyond

Mon, 20 Jul 2020

2020 has been quite a year to say the least! With all that’s happened in the world since March, it’s also easy to forget that most FSA exam syllabi underwent extreme changes in 2019–2020. I’m very proud of the effort our team has made during the last two years of disruption, and I also admire … Continue reading

Thoughts on how to approach the fall exam if you’re taking a July exam

Thu, 11 Jun 2020

Here’s a question I recently got by email that I think captures a quandary that’s on many people’s minds: With the postponement of my spring 2020 LPM sitting, I’ve been put into a situation wherein I’m trying to figure out the best timing for studying. Originally my plan was to take LPM in April, start … Continue reading

Introduction ... lessons ... min of video
- Introductory Material ...
  - Quick start guide: all you need to get started at a glance (sample) (handout)
  - Start Here (Orientation): Seminar Navigation, Using Downloads, and More (9:11)
  - Using the Online Seminar to Increase Your Chances of Passing (sample) (3:42)
  - Spring & Fall 2020 Study Schedule (sample) (5:59)
  - Revision History and Scheduled Updates (Updated Periodically) (handout)
  - Using the Course Forum (11:12)
  - I failed. What do I do now? (sample) (handout)
  - Video Player Keyboard Shortcuts (handout)
- Important: Understanding the Format of FSA Exams ...
  - First FSA Exam? Learn how FSA exams are different from the prelims. (sample) (17:53)
  - Meet the Verbs Part 1: The relative value of verbs used in past FSA questions (11:46)
  - Meet the Verbs Part 2: Verb definitions (5:58)
  - Meet the Verbs Part 3: Specific examples of how to answer questions based on the verb used (25:31)
Detailed Study Manual ... lessons ... min of video
- Study Manual Samples ...
  - Spring/Fall 2020 Detailed Study Manual Sample (sample) (handout)
- Spring & Fall 2020 LFMU Study Manual ...
  - Introduction (handout)
  - Section A (handout)
  - Section B (handout)
  - Section C (handout)
  - Section D (handout)
  - Section E (handout)
A. US Statutory Valuation and Reporting ... lessons ... min of video
- A.1 Formula-Based US Statutory Reserves ...
  - A.1 Video Lesson Handouts (handout)
  - A.1 Drill Problems (handout)
  - A.1.1. An Introduction to Reserves (24:12)
  - A.1.2. SVILAC Ch. 1-2: Valuation Overview & Product Classifications (Part 1 of 2) (12:49)
  - A.1.2. SVILAC Ch. 1-2: Valuation Overview & Product Classifications (Part 2 of 2) (8:46)
  - A.1.3. SVILAC Ch. 4: The Standard Valuation Law (Part 1 of 2) (18:57)
  - A.1.3. SVILAC Ch. 4: The Standard Valuation Law (Part 2 of 2) (8:51)
  - A.1.4. SVILAC Ch. 10: Valuation Assumptions (Part 1a of 2) (24:55)
  - A.1.4. SVILAC Ch. 10: Valuation Assumptions (Part 1b of 2) (7:17)
  - A.1.4. SVILAC Ch. 10: Valuation Assumptions (Part 2 of 2) (10:54)
  - A.1.5. Actuarial Math Review (Parts 1 and 2 of 3) (32:20)
  - A.1.5. Actuarial Math Review (Part 3 of 3) (10:19)
  - A.1.6. SVILAC Ch. 11: Valuation Methodologies - Lesson 1 (Part 1 of 4) (sample) (15:20)
  - A.1.6. SVILAC Ch. 11: Valuation Methodologies - Lesson 1 (Part 2 of 4) (sample) (17:40)
  - A.1.6. SVILAC Ch. 11: Valuation Methodologies - Lesson 1 (Part 3 of 4) (8:37)
  - A.1.6. SVILAC Ch. 11: Valuation Methodologies - Lesson 1 (Part 4 of 4) (13:11)
  - A.1.6. SVILAC Ch. 11: Valuation Methodologies - Lesson 2 (Part 1 of 2) (15:55)
  - A.1.6. SVILAC Ch. 11: Valuation Methodologies - Lesson 2 (Part 2 of 2) (8:54)
  - SVILAC Ch. 11 Excel-Based Exercises (14:12)
  - A.1.7. SVILAC Ch. 3: NAIC Annual Statement (Part 1 of 2) (15:17)
  - A.1.7. SVILAC Ch. 3: NAIC Annual Statement (Part 2 of 2) (17:05)
  - A.1.8. SVILAC Ch. 12: Whole Life (Part 1 of 4) (25:08)
  - A.1.8. SVILAC Ch. 12: Whole Life (Part 2 of 4) (16:11)
  - A.1.8. SVILAC Ch. 12: Whole Life (Part 3 of 4) (12:48)
  - A.1.8. SVILAC Ch. 12: Whole Life (Part 4 of 4) (7:08)
  - A.1.9. SVILAC Ch. 13: Term Life Insurance (Part 1 of 2) (32:27)
  - A.1.9. SVILAC Ch. 13: Term Life Insurance (Part 2 of 2) (12:04)
  - A.1.10. SVILAC Ch. 14: Universal Life (Part 1 of 5) (31:14)
  - A.1.10. SVILAC Ch. 14: Universal Life (Part 2 of 5) (17:57)
  - A.1.10. SVILAC Ch. 14: Universal Life (Part 3 of 5) (6:25)
  - A.1.10. SVILAC Ch. 14: Universal Life (Part 4 of 5) (10:56)
  - A.1.10. SVILAC Ch. 14: Universal Life (Part 5 of 5) (10:55)
  - A.1.11. LFM-822: Actuarial Guidelines 38 and 48 (Part 1 of 3) (20:46)
  - A.1.11. LFM-822: Actuarial Guidelines 38 and 48 (Part 2a of 3) (27:07)
  - A.1.11. LFM-822: Actuarial Guidelines 38 and 48 (Part 2b of 3) (18:44)
  - A.1.11. LFM-822: Actuarial Guidelines 38 and 48 (Part 3 of 3) (10:18)
  - A.1.12. Impacts of AG 48 (13:30)
  - A.1.13. SVILAC Ch. 16: Indexed Universal Life (Part 1 of 2) (23:27)
  - A.1.13. SVILAC Ch. 16: Indexed Universal Life (Part 2 of 2) (21:15)
  - A.1.14. SVILAC Ch. 18: Fixed Deferred Annuities (Part 1 of 5) (15:19)
  - A.1.14. SVILAC Ch. 18: Fixed Deferred Annuities (Part 2 of 5) (21:29)
  - A.1.14. SVILAC Ch. 18: Fixed Deferred Annuities (Part 3 of 5) (22:20)
  - A.1.14. SVILAC Ch. 18: Fixed Deferred Annuities (Part 4 of 5) (8:48)
  - A.1.14. SVILAC Ch. 18: Fixed Deferred Annuities (Part 5 of 5) (14:45)
  - A.1.15. SVILAC Ch. 20: Indexed Deferred Annuities (Part 1 of 3) (9:50)
  - A.1.15. SVILAC Ch. 20: Indexed Deferred Annuities (Part 2 of 3) (10:29)
  - A.1.15. SVILAC Ch. 20: Indexed Deferred Annuities (Part 3 of 3) (20:13)
  - A.1.16. SVILAC Ch. 21: Immediate Annuities (Part 1 of 2) (11:58)
  - A.1.16. SVILAC Ch. 21: Immediate Annuities (Part 2 of 2) (13:07)
  - A.1.17. SVILAC Ch. 22: Miscellaneous Reserves (15:53)
  - A.1.18. LFV-800: ISA Ch. 8 - IMR and AVR (Part 1 of 2) (18:27)
  - A.1.18. LFV-800: ISA Ch. 8 - IMR and AVR (Part 2 of 2) (11:40)
- A.2 US Statutory PBR Topics ...
  - A.2 Video Lesson Handouts (handout)
  - A.2 Drill Problems (handout)
  - A.2.1. SVILAC Ch. 5: The Valuation Manual (Part 1 of 2) (13:37)
  - A.2.1. SVILAC Ch. 5: The Valuation Manual (Part 2 of 2) (7:07)
  - A.2.2. SVILAC Ch. 23: PBR for Life Products (Part 1 of 4) (14:52)
  - A.2.2. SVILAC Ch. 23: PBR for Life Products (Part 2a of 4) (25:33)
  - A.2.2. SVILAC Ch. 23: PBR for Life Products (Part 2b of 4) (7:27)
  - A.2.2. SVILAC Ch. 23: PBR for Life Products (Part 3a of 4) (21:25)
  - A.2.2. SVILAC Ch. 23: PBR for Life Products (Part 3b of 4) (11:27)
  - A.2.2. SVILAC Ch. 23: PBR for Life Products (Part 4 of 4) (24:48)
  - A.2.3. Interactive Principle-Based Reserves Model (Part 1 of 3) (18:20)
  - A.2.3. Interactive Principle-Based Reserves Model (Part 2 of 3) (22:18)
  - A.2.3. Interactive Principle-Based Reserves Model (Part 3 of 3) (23:01)
  - A.2.4. LFM-143: Fundamentals of the PBA to Statutory Reserves (Part 1 of 3) (6:57)
  - A.2.4. LFM-143: Fundamentals of the PBA to Statutory Reserves (Part 2 of 3) (17:50)
  - A.2.4. LFM-143: Fundamentals of the PBA to Statutory Reserves (Part 3 of 3) (14:29)
  - A.2.5. PBA Corner: VM-20 Mortality Credibility (15:03)
  - A.2.6. LFM-844: Life PBRs Under VM-20 (Part 1 of 3) (11:42)
  - A.2.6. LFM-844: Life PBRs Under VM-20 (Part 2 of 3) (14:52)
  - A.2.6. LFM-844: Life PBRs Under VM-20 (Part 3 of 3) (8:40)
  - A.2.7. ASOP 52: PBRs for Life Products (Part 1 of 4) (8:54)
  - A.2.7. ASOP 52: PBRs for Life Products (Part 2 of 4) (13:44)
  - A.2.7. ASOP 52: PBRs for Life Products (Parts 3-4 of 4) (6:58)
  - A.2.8. SVILAC Ch. 19: Variable Deferred Annuities (Part 1 of 2) (21:11)
  - A.2.8. SVILAC Ch. 19: Variable Deferred Annuities (Part 2 of 2) (16:40)
  - A.2.9. SVILAC Ch. 24: PBR for Variable Annuities (Part 1 of 2) (29:03)
  - A.2.9. SVILAC Ch. 24: PBR for Variable Annuities (Part 2 of 2) (33:20)
  - A.2.10. Reporting and Disclosure Requirements Under VM-31 (9:58)
B. US GAAP Valuation and Reporting ... lessons ... min of video
- B.1. FAS 60, FAS 97, and FAS 91 ...
  - B.1 Video Lesson Handouts (handout)
  - B.1 Drill Problems (handout)
  - B.1.1. GAAP Ch. 3: Expenses and Capitalization (24:39)
  - B.1.2. GAAP Ch. 4 (FAS 60) (6:31)
  - B.1.3. GAAP Ch. 6: Universal Life Insurance (Part 1 of 2) (20:55)
  - B.1.3. GAAP Ch. 6: Universal Life Insurance (Part 2 of 2) (10:23)
  - B.1.4. GAAP Ch. 7: Deferred Annuities (Part 1 of 2) (16:03)
  - B.1.4. GAAP Ch. 7: Deferred Annuities (Part 2 of 2) (16:15)
  - B.1.5. GAAP Ch. 3, Section 3.11 - Sales Inducements (Part 1 of 2) (12:59)
  - B.1.5. GAAP Ch. 3, Section 3.11 - Sales Inducements (Part 2 of 2) (4:31)
  - B.1.6. GAAP Ch. 9 Payment Annuities (Part 1 of 3) (12:19)
  - B.1.6. GAAP Ch. 9 Payment Annuities (Part 2 of 3) (10:34)
  - B.1.6. GAAP Ch. 9 Payment Annuities (Part 3 of 3) (10:38)
- B.2. Targeted Improvements ...
  - B.2 Video Lesson Handouts (handout)
  - B.2 Drill Problems (handout)
  - B.2.1. LFM-142: The New Accounting For Long-Duration Contracts (Part 1 of 6) (19:20)
  - B.2.1. LFM-142: The New Accounting For Long-Duration Contracts (Part 2 of 6) (30:36)
  - B.2.1. LFM-142: The New Accounting For Long-Duration Contracts (Part 3a of 6) (23:25)
  - B.2.1. LFM-142: The New Accounting For Long-Duration Contracts (Part 3b of 6) (21:37)
  - B.2.1. LFM-142: The New Accounting For Long-Duration Contracts (Part 4 of 6) (14:07)
  - B.2.1. LFM-142: The New Accounting For Long-Duration Contracts (Part 5 of 6) (30:55)
  - B.2.1. LFM-142: The New Accounting For Long-Duration Contracts (Part 6 of 6) (10:53)
  - B.2.2. LFM-841: Accounting and Disclosures For Long-Duration Contracts (9:42)
  - B.2.3. Targeted Improvements Interactive Model (12:29)
- B.3. Other GAAP Topics ...
  - B.3 Video Lesson Handouts (handout)
  - B.3 Drill Problems (handout)
  - B.3.1. LFM-810: Practice Note on FAS 157 and 159 (28:35)
  - B.3.2. LFM-840: A Comprehensive Guide - Derivatives and Hedging (Part 1 of 3) (9:48)
  - B.3.2. LFM-840: A Comprehensive Guide - Derivatives and Hedging (Part 2 of 3) (24:10)
  - B.3.2. LFM-840: A Comprehensive Guide - Derivatives and Hedging (Part 3 of 3) (13:45)
  - B.3.3. GAAP Ch. 18: Other Topics (FV Reporting and Surplus Notes) (10:06)
  - B.3.4. GAAP Ch. 13: Investment Accounting (Part 1 of 4) (28:38)
  - B.3.4. GAAP Ch. 13: Investment Accounting (Part 2 of 4) (17:05)
  - B.3.4. GAAP Ch. 13: Investment Accounting (Parts 3-4 of 4) (14:42)
  - B.3.5. GAAP Ch. 17: Reinsurance (Part 1 of 4) (18:42)
  - B.3.5. GAAP Ch. 17: Reinsurance (Part 2 of 4) (14:14)
  - B.3.5. GAAP Ch. 17: Reinsurance (Part 3 of 4) (18:10)
  - B.3.5. GAAP Ch. 17: Reinsurance (Part 4 of 4) (10:48)
C. Federal Tax and Statutory Regulation Topics ... lessons ... min of video
- C.1. Insurance Company Taxation ...
  - C.1. Video Lesson Handouts (handout)
  - C.1 Drill Problems (handout)
  - C.1.1. LFM-800 Ch. 12 Federal Taxation (Part 1 of 2) (13:20)
  - C.1.1. LFM-800 Ch. 12 Federal Taxation (Part 2a of 2) (17:13)
  - C.1.1. LFM-800 Ch. 12 Federal Taxation (Part 2b of 2) (21:31)
  - C.1.2. LFM-846: Company Tax - Introductory Study Note (Part 1a of 2) (30:27)
  - C.1.2. LFM-846: Company Tax - Introductory Study Note (Part 1b of 2) (9:00)
  - C.1.2. LFM-846: Company Tax - Introductory Study Note (Part 2 of 2) (31:08)
  - C.1.3. GAAP Ch. 18: Other Topics (Deferred Taxes) (28:30)
- C.2. Policyholder Taxation ...
  - C.2. Video Lesson Handouts (handout)
  - C.2 Drill Problems (handout)
  - C.2.1. LFM-845: LIME Ch. 1 (Part 1 of 2) (35:26)
  - C.2.1. LFM-845: LIME Ch. 1 (Part 2 of 2) (17:41)
  - C.2.2. LFM-845: LIME Ch. 2, Part 1 - Overview of 7702 and 7702A (Video 1 of 2) (23:13)
  - C.2.2. LFM-845: LIME Ch. 2, Part 1 - Overview of 7702 and 7702A (Video 2 of 2) (10:01)
  - C.2.3. LFM-845: LIME Ch. 2, Part 2 - Assumptions and Computational Rules (Video 1 of 3) (17:27)
  - C.2.3. LFM-845: LIME Ch. 2, Part 2 - Assumptions and Computational Rules (Video 2 of 3) (31:37)
  - C.2.3. LFM-845: LIME Ch. 2, Part 2 - Assumptions and Computational Rules (Video 3 of 3) (10:50)
  - C.2.4. LFM-845: LIME Ch. 2, Part 3 - Calculation Methods (12:31)
  - C.2.5. TIA's LIME Illustrative Examples (18:37)
- C.3. Nonforfeiture and Illustration Regulations ...
  - C.3. Video Lesson Handouts (handout)
  - C.3. Drill Problems (handout)
  - C.3.1. LFM-801: Standard Nonforfeiture Law for Life Insurance (35:53)
  - C.3.2. LFM-842: Standard Nonforfeiture Law for Deferred Annuities (15:51)
  - C.3.3. LFM-843: NAIC Life Insurance Illustrations Model Regulation (21:49)
  - C.3.4. LFM-832 & LFM-836: AG 49 (IUL Illustrations) (25:58)
D. Capital and Financial Management Topics ... lessons ... min of video
- D.1. Capital Topics ...
  - D.1 Video Lesson Handouts (handout)
  - D.1 Drill Problems (handout)
  - D.1.1. SVILAC Ch. 29 Risk-Based Capital (Part 1 of 3) (24:54)
  - D.1.1. SVILAC Ch. 29 Risk-Based Capital (Part 2 of 3) (11:03)
  - D.1.1. SVILAC Ch. 29 Risk-Based Capital (Part 3 of 3) (16:46)
  - D.1.2. LFM-813: U.S. Insurance Regulation Solvency Framework (Part 1 of 2) (21:35)
  - D.1.2. LFM-813: U.S. Insurance Regulation Solvency Framework (Part 2 of 2) (8:12)
  - D.1.3. Economic Capital for Life Insurance Companies (Part 1 of 3) (22:58)
  - D.1.3. Economic Capital for Life Insurance Companies (Part 2a of 3) (13:41)
  - D.1.3. Economic Capital for Life Insurance Companies (Part 2b of 3) (25:11)
  - D.1.3. Economic Capital for Life Insurance Companies (Part 3 of 3) (10:20)
  - D.1.4. Economic Capital: A Case Study to Analyze Longevity Risk (21:09)
  - D.1.5. Multi-Stakeholder Approach to Capital Adequacy (Part 1 of 2) (16:17)
  - D.1.5. Multi-Stakeholder Approach to Capital Adequacy (Part 2 of 2) (25:54)
  - D.1.6. LFM-148: The Theory of Risk Capital in Financial Firms (Part 1 of 5) (17:01)
  - D.1.6. LFM-148: The Theory of Risk Capital in Financial Firms (Part 2 of 5) (27:47)
  - D.1.6. LFM-148: The Theory of Risk Capital in Financial Firms (Part 3 of 5) (23:00)
  - D.1.6. LFM-148: The Theory of Risk Capital in Financial Firms (Part 4 of 5) (6:00)
  - D.1.6. LFM-148: The Theory of Risk Capital in Financial Firms (Part 5 of 5) (12:08)
- D.2. Corporate Financial Management Topics ...
  - D.2. Video Lesson Handouts (handout)
  - D.2. Drill Problems (handout)
  - D.2.1. LFM-136: LIPF Ch. 11 Profit Measures (10:02)
  - D.2.2. Embedded Value Practice and Theory (Part 1) (28:45)
  - D.2.2. Embedded Value Practice and Theory (Part 2) (20:28)
  - D.2.2. Embedded Value Practice and Theory (Part 3a) (14:37)
  - D.2.2. Embedded Value Practice and Theory (Part 3b) (24:28)
  - D.2.2. Embedded Value Practice and Theory (Part 4) (12:34)
  - D.2.2. Embedded Value Practice and Theory (Part 5) (7:08)
  - D.2.2. Embedded Value Practice and Theory (Part 6) (12:25)
  - D.2.3. LFV-106: Mergers & Acquisitions (Part 1 of 3) (18:07)
  - D.2.3. LFV-106: Mergers & Acquisitions (Part 2 of 3) (22:20)
  - D.2.3. LFV-106: Mergers & Acquisitions (Part 3 of 3) (6:02)
  - D.2.4. GAAP Ch. 15: Accounting for Business Combinations (Part 1 of 3) (13:41)
  - D.2.4. GAAP Ch. 15: Accounting for Business Combinations (Part 2 of 3) (28:35)
  - D.2.4. GAAP Ch. 15: Accounting for Business Combinations (Part 3 of 3) (17:29)
  - D.2.5. LFV-137: EVA/RAROC vs. MCEV Earnings (Part 1 of 5) (7:41)
  - D.2.5. LFV-137: EVA/RAROC vs. MCEV Earnings (Part 2 of 5) (11:02)
  - D.2.5. LFV-137: EVA/RAROC vs. MCEV Earnings (Part 3 of 5) (20:37)
  - D.2.5. LFV-137: EVA/RAROC vs. MCEV Earnings (Part 4 of 5) (11:34)
  - D.2.5. LFV-137: EVA/RAROC vs. MCEV Earnings (Part 5 of 5) (19:03)
  - D.2.6. LFV-138: Stockholders' Equity and Operating Leverage (Additional handout -->) (19:21)
  - D.2.7. Understanding VM-20 Results (Part 1 of 3) (24:58)
  - D.2.7. Understanding VM-20 Results (Part 2 of 3) (7:45)
  - D.2.7. Understanding VM-20 Results (Part 3 of 3) (20:15)
  - D.2.8. LFM-146: Creating an Understanding of Special Purpose Vehicles (24:51)
  - D.2.9. Model Audit Rule (Part 1 of 3) (11:36)
  - D.2.9. Model Audit Rule (Parts 2-3 of 3) (21:34)
  - D.2.10. LFM-147: A.M. Best's - Compendium of Publications (Part 1 of 6) (16:39)
  - D.2.10. LFM-147: A.M. Best's - Compendium of Publications (Part 2 of 6) (14:14)
  - D.2.10. LFM-147: A.M. Best's - Compendium of Publications (Parts 3-5 of 6) (17:11)
  - D.2.10. LFM-147: A.M. Best's - Compendium of Publications (Part 6 of 6) (14:38)
E. International Valuation and Reporting ... lessons ... min of video
- E.1. IFRS 17 ...
  - E.1 Video Lesson Handouts (handout)
  - E.1 Drill Problems (handout)
  - E.1.1. LFM-141: IFRS 17 Effects Analysis, Section 1 (19:08)
  - E.1.1. LFM-141: IFRS 17 Effects Analysis, Section 2a (33:47)
  - E.1.1. LFM-141: IFRS 17 Effects Analysis, Section 2b (6:34)
  - E.1.2. TIA's IFRS 17 Illustrative Example 1 (15:41)
  - E.1.2. TIA's IFRS 17 Illustrative Example 2 (6:12)
  - E.1.2. TIA's IFRS 17 Illustrative Example 3 (4:59)
  - E.1.2. TIA's IFRS 17 Illustrative Example 4 (6:04)
  - E.1.2. TIA's IFRS 17 Illustrative Example 5 (11:20)
  - E.1.3. LFM-141: IFRS 17 Effects Analysis, Section 4 (15:33)
  - E.1.3. LFM-141: IFRS 17 Effects Analysis, Section 6.1-2 (8:43)
- E.2. Other International Capital and Regulation Issues ...
  - E.2 Video Lesson Handouts (handout)
  - E.2.1. LFM-144: Modernization of Insurance Company Solvency Regulation (Part 1 of 5) (11:59)
  - E.2.1. LFM-144: Modernization of Insurance Company Solvency Regulation (Parts 2-4 of 5) (15:24)
  - E.2.1. LFM-144: Modernization of Insurance Company Solvency Regulation (Part 5 of 5) (5:56)
  - E.2.2. LFM-145: Global Insurance Regulatory Issues (Part 1 of 2) (16:25)
  - E.2.2. LFM-145: Global Insurance Regulatory Issues (Part 2 of 2) (18:07)
  - E.2.3. Tailoring Global Capital Standards (11:10)
  - E.2.4. LFM-847: Life Insurance Regulatory Framework (21:12)
Supplementary and Review Material ... lessons ... min of video
- Condensed Outline ...
  - 2020 Condensed Outline - All Sections (handout)
- Flashcards ...
  - PDF flashcards sample (sample) (handout)
  - 2020 LFMU Flash Cards - All Sections (handout)
- Practice Exam ...
  - 100-point LFMU Practice Exam (handout)
  - 100-point LFMU Practice Exam Solutions (handout)
- Analysis of Past SOA Exams ...
  - Analysis of Past Exams - complete listing of relevant published SOA exam questions (handout)

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Exam ILA-LFMU