Exam LTAM Study Plan: Written Answer and Multiple Choice Strategy

Study Plan Structure

Exam LTAM covers life contingencies, including life tables, insurance and annuity valuation, premiums, reserves, multiple life and multiple decrement models, pensions, and multi-state models. Allocate approximately 400 study hours over 4 to 6 months. Begin with core concepts (life tables, insurance and annuity APVs) in months 1 and 2, then move to premiums, reserves, and advanced topics in months 3 and 4. Dedicate months 5 and 6 to practice exams and written answer preparation. Use the SOA syllabus as your roadmap and ensure all learning objectives are covered.

Written Answer Strategy

The written answer section requires clear, organized responses showing your work. Practice writing solutions under timed conditions. Label steps clearly, state formulas before substituting values, and show intermediate calculations. Partial credit is awarded, so attempt every part even if uncertain. For multiple choice questions, practice with SOA released exams and adapt to the question style. Key strategies include eliminating obviously wrong answers, checking boundary cases, and using relationships between insurance and annuity values to verify answers. Balance your preparation time between both sections proportional to their exam weight.