PEC Over....

Just wanted to update the blog to say that the PEC was completed last week. I won't have results until mid-to-late July, but I'm pretty sure I demonstrated "adequate knowledge" on the exam - at least enough to pass. Unlike the SOA exams, the markers are not looking to fail people. Historically, the passing rate for the PEC has been over 80%.

What I did do however was switch from the Individual Life & Annuities track into the Group Benefits track about a month before the course started. After getting through all the ILA readings, I went back to the beginning and could not recall much. Since it was not my SOA exam track, it simply proved to be too much to learn. The Group readings on the other hand were similar to the SOA readings I had already done, so I made the switch. I'm very glad I did because I heard that the ILA exam was fairly tough.....so I'm thinking I may have been in that 20% had I stayed. The important thing is passing.

Anyway, I'm still at the same spot in regards to the SOA. I have one module + DMAC left. If I can get both done by August 22nd, I will be going to the FAC in Dallas this December. Assuming that I passed the PEC last week, this means that I will obtain both FSA and FCIA designations simultaneously (you can write the PEC without having an FSA, but you cannot have an FCIA designation without the FSA). Very excited. I feel like I have passed through the tunnel with the light at the end. Everything from here until the end is pretty much a formality!

If I miss that August deadline (I really want to enjoy this summer!....but doing TOO much enjoying will cut into the studying time), it will be the March FAC in Atlanta. Either way, I get to go somewhere warm in the winter! Hahaha.

I'll keep everyone posted. Take care!