About Exam LTAM

Get essential information, tips, and strategies to help you on your Exam LTAM journey in our guide below.

Exam Overview

20 Multiple-Choice Questions, 5-7 Written-Answer Questions

Paper and Pencil Test Format

4 Hours (+15 Minutes Read-Through Time)

Exam Duration

October 26, 2018

Next Available Sitting

Deadline To Be Announced

Registration Deadline (Register by Midnight US Central Time)

Before the Exam

  • Exams You Should Pass First

    P and FM. Exam LTAM assumes you have already mastered the materials in both those exams, and builds extensively off of those concepts.

  • Exam LTAM Offerings

    LTAM will first be offered in October 2018, after which it will offered twice per year, once in April or May, and once in October or November.

  • How Do I Register?

    1. Register online at www.soa.org before the registration deadline.
    2. Determine the exam location in your city.
    3. 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 Topics

    Questions related to these topics will appear the most on the exam.

    1. Reserves
    2. Premiums
    3. Markov Chain

    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, CFA

    "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."

Exam Day

  • 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

  • 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.

  • 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.