Individual Life and Annuities - Life Finance and Valuation Exam United States
  • Average
    Pass Rate
  • Sponsoring SocietySOA
  • Dates ActiveNov 2013 - Present
  • Sittings to Date11
  • Attempts per Sitting292
  • Total Passes/Attempts1,440 / 3,216
  • Highest Pass Rate49.8% Apr-15
  • Lowest Pass Rate37.6% May-14
  • Effective Pass Rate46.6%
  • Std Dev of Pass Rate3.6%
1111905111/1/2018 12:00:00 AM41439818945.747.5 1/19/2019 12:00:00 AM44.8Nov-2018
101132514/1/2018 12:00:00 AM35734815744.045.1 7/20/2018 12:00:00 AM44.6Apr-2018
910565111/1/2017 12:00:00 AM30228213444.447.5 1/19/2018 12:00:00 AM44.7Nov-2017
8988514/1/2017 12:00:00 AM27025812445.948.1 7/21/2017 12:00:00 AM44.8Apr-2017
79255111/1/2016 12:00:00 AM30129115049.851.5 1/27/2017 12:00:00 AM44.6Nov-2016
6858515/1/2016 12:00:00 AM27626911541.742.8 8/1/2016 12:00:00 AM43.6May-2016
57895110/1/2015 12:00:00 AM28227213347.248.9 1/22/2016 12:00:00 AM44.1Oct-2015
4721514/1/2015 12:00:00 AM27126313549.851.3 7/17/2015 12:00:00 AM43.2Apr-2015
36695110/1/2014 12:00:00 AM25424110742.144.4 1/24/2015 12:00:00 AM40.8Oct-2014
2617515/1/2014 12:00:00 AM2552479637.638.9 7/19/2014 12:00:00 AM40.1May-2014
15545111/1/2013 12:00:00 AM23422010042.745.5 1/24/2014 12:00:00 AM42.7Nov-2013

Distribution of Travel Times to Designations

Number of People1,248835
5th percentile-5.080.33
25th percentile-2.250.67
75th percentile-0.671.59
95th percentile0.862.67



1PSOA Preliminary Exam151 59930-5.9900.0000.00930-5.993366cc
2FMSOA Preliminary Exam151 41964-5.7000.0000.00964-5.703366cc
3OC1CAS Preliminary Exam251 573-2.4100.0013.424-0.96dc3912
4OC2CAS Preliminary Exam251 583-2.0800.0000.003-2.08dc3912
55CAS Preliminary Exam251 31-2.9200.0000.001-2.92dc3912
66-U.S.CAS Preliminary Exam251 81-2.4100.0000.001-2.41dc3912
7ASASOA Designation351 701101-1.96100.001370.971248-1.63ff9900
8ACASCAS Designation451 732-2.4600.0000.002-2.46109618
9EA2FSOA Enrolled Actuary Exam551 364-2.3100.0000.004-2.31990099
10EA2LSOA Enrolled Actuary Exam551 373-2.4800.0000.003-2.48990099
11CFE FDSOA Fellowship Exam651 181-3.0900.0000.001-3.090099c6
12ERMSOA Fellowship Exam651 38155-1.2900.001470.76302-0.290099c6
13ILA LFVUSOA Fellowship Exam651 5100.0013170.0000.0013170.000099c6
14ILA LPSOA Fellowship Exam651 52942-1.0620.001221.021066-0.820099c6
15ILA LRMSOA Fellowship Exam651 53263-1.0440.003760.796430.040099c6
16RET RPIRMSOA Fellowship Exam651 661-2.5000.0000.001-2.500099c6
177CAS Fellowship Exam751 900.0000.0012.0812.08dd4477
188CAS Fellowship Exam751 1200.0000.0010.5010.50dd4477
199CAS Fellowship Exam751 1300.0000.0013.0813.08dd4477
20CERASOA Designation351 72111-1.0720.001641.052770.19ff9900
21FSASOA Designation351 7100.0000.008351.218351.21ff9900
22FCASCAS Designation451 7400.0000.0013.5913.59109618

Number of Years (Before)/After Passing Exam ILA LFVU
click on bar to see breakdown

Note on the travel time information above:
The histograms and the above two charts (near) exclude duplicate names and include changed names. Excluding duplicate names is necessary since travel time information related to them is unreliable and nonsensical- for instance, passing exam P three years before receiving a designation.

Including changed names has an impact on the relative number of people who passed other exams vs. the given exam. Their inclusion will lower this ratio since changed names will not properly link between previous/future exam passes. However, including changed names will not affect the average travel times, since travel times of changed names are not necessarily different than those of unchanged names.

For exam ILA LFVU on all sittings, there were 123 duplicate names, 260 changed names, and 30 duplicate and changed names.