Exam LTAM
Exam LTAM
Everything You Need To Pass
Coaching Actuaries gives you the tools to study smarter and pass the Long Term Actuarial Mathematics Exam.
Your Coaches
Here To Help
Meet our team of expert coaches who will guide you through
Exam LTAM.
Dave Kester, FSA, MAAA
Exam LTAM Video CoachAttained FSA via the ILA TrackI’ve been helping aspiring actuaries for more than 20 years. When I’m not teaching, I like to read, run, and listen to good math stories. When I was preparing for the actuarial exams, there was nothing like Coaching Actuaries. Now, we combine teaching and technology to guide the next generation of actuarial students.
Content Team
Tong Khon Teh, FSA, CFA
Exam LTAM Product ManagerAttained FSA via the QFI TrackI have taught different undergraduate actuarial science courses and exam prep courses at Drake University since 2010. I received my FSA in 2016 and am currently the Product Manager for Coaching Actuaries overseeing FM, IFM, LTAM, and CFA courses. I love helping students understand challenging concepts and raise their odds in passing the exams! In my free time, I enjoy cross-training and hanging out with colleagues and friends over wine and beer.
Exam LTAM Overview
What To Expect
Exam Details
The Spring 2021 LTAM exam will follow the same format as the previous LTAM exams. This would include 20 multiple-choice questions worth 40 points and written-answer questions worth 56 points. Exam will be taken as a “pencil and paper” exam for the written-answer portion as in the past, regardless of the location (SOA established test center or Prometric test center).
Registration Deadline
March 29, 2021 (Midnight CST)
Exam Duration
4 hours and 15 minutes
Next Available Sitting
April 27, 2021
Before the Exam
Exam LTAM Offerings
LTAM is offered offered twice per year, once in April or May, and once in October or November.
How Do I Register?
- Register online at www.soa.org before the registration deadline.
- Determine the exam location nearest you.
- Print your order confirmation that you will get by email. It will serve as your admission ticket on exam day.
Learn more about how to register for official SOA exams on their website.
Highest-Weighted Concepts
Questions related to these concepts will appear the most on the exam.
- Premiums
- Reserves
- Multiple State Models
- Pension Mathematics
Also note that LTAM's written-answer portion is often challenging for actuarial candidates used to the computer-based, multiple-choice format used for other exams.
Tip from Coach Tong, FSA
"Work through all the past exam written-answer questions from the SOA's previous version of this exam, MLC. Review their solutions thoroughly. This section is challenging, and it's very different from other exams, so you should start this process sooner rather than later."
Tip from Coach Felicia, ASA
"LTAM contains lots of notations and symbols. Each equation tells a story, so understanding the basic principle behind the question is more important than just having the formula memorized."
Tip from Coach Chin Yew, ASA
"Try to relate the materials back to exam P and exam FM. Some of the materials are very similar to what you've learned previously from these two exams. This allows you to remember and understand the concepts more easily."
Day of Exam
What To Bring:
- A government-issued photo ID that includes a signature
- Recommended Calculator: TI-30XS MultiView
(See Other Options) - Your printed admission ticket
Coach K's Story
“I took the old version of this exam, MLC. Once I passed that exam, I thought I could pass any exam. This can be the big hurdle to be certified!”
Coach Shi Yi's Story
“I took the previous version of this exam, MLC. When I was working on the exam, I felt like I couldn't solve a lot of the problems, but I tried to write down as much as I could for the written answer part. I came out of the exam hall thinking that I would fail. 2.5 months later, to my surprise, I passed! Thinking back to that day, I think I passed because I wrote down as much as I could, even for questions that I wasn't sure how to solve. Thus, my advice is: do not give up, and always try to put in what you know. This will get you partial credit, which is very, very important, and can be a factor that determines if you pass or fail!”
After the Exam
Getting Your Exam Results
After approximately 8 to 11 weeks, the SOA will release the list of passing candidates' ID numbers. A few days after this list has been published, you will be able to see your final score in your official SOA transcript when you log into the SOA website.
Next Steps
If you haven't yet taken Exam STAM, we'd recommend you take that exam next.
If you've already taken STAM, you will need to take Exam SRM(unless you obtained transfer credit through VEE Applied Stats), obtain your remaining VEE credits, complete your PA and FAP modules, and fulfill your APC requirement in order to attain your your ASA designation.
