Exam ALTAM is the advanced long-term actuarial mathematics exam for candidates focused on life insurance, annuities, pensions, and long-term health. Follows Exam FAM. Upload your ACTEX digital edition, scanned ASM manual, or your own ALTAM notes and exclam.ai turns them into a fully guided study plan with adaptive flashcards, quizzes, and a weekly schedule.
Multiple-choice and written-answer format. Candidates must show work on multi-step problems. Requires deep understanding of life contingencies and profit testing mechanics.
Written-answer questions require showing your work — partial credit is available.
Heavy on profit testing, embedded value, and pension accounting.
Prerequisite: Exam FAM must be completed first.
The advanced life-side exam — ASTAM is the short-term counterpart.
Format details change periodically. Always verify the current exam structure on soa.org before your exam.
The 5 topic areas tested on Exam ALTAM, with approximate weight bands from the public SOA syllabus. Click any topic for a dedicated study page.
Multi-state mortality models, fractional age assumptions, and select and ultimate tables for advanced applications.
Gross premium pricing, profit testing, embedded value calculations, and universal life product pricing.
Policy reserves under different regulatory frameworks, deferred acquisition costs, and risk management strategies.
Pension plan valuation, funding methods, and accounting for post-employment benefits.
Pricing, reserving, and risk management for long-term health insurance and long-term care products.
Topic names and approximate weight bands sourced from the public SOA Exam ALTAM syllabus on soa.org.
Drop in your ACTEX Exam ALTAM digital edition (full-corpus PDF), scanned ASM pages, TIA handouts, or your own notes. exclam.ai parses them into structured content for a fully guided study plan.
AI generates flashcards for formulas and concepts, plus multiple-choice quizzes targeting each of the 5 topic areas. Edit any card.
Coverage phase, review phase, and mocks — distributed across your ~18-week timeline or whatever you choose.
Pick the timeline that matches your exam date. Each plan covers roughly 300 hours distributed across a different number of weeks.
exclam.ai works alongside any of these vendors. Upload paths vary — ACTEX sells full digital editions as downloadable PDFs (cleanest upload), ASM print manuals can be scanned for the full corpus, and The Infinite Actuary provides downloadable PDF handouts alongside their videos. For ASM digital (app-locked) and Coaching Actuaries (online platform), upload your own notes taken while studying. We do not distribute or reproduce any vendor content — your manual stays with the publisher.
Depends on your career direction. Life insurance, annuities, pensions, and long-term health → ALTAM. Property/casualty, short-term health, or general insurance → ASTAM. You only need one to reach ASA.
Candidates generally rate ALTAM as significantly harder than FAM due to the depth of profit testing and pension content plus the written-answer format.
Multi-step problems where you show work and receive partial credit. Requires tight time management — practice writing out full solutions under exam conditions.
Upload your ACTEX digital edition, scanned ASM pages, TIA handouts, or your own notes — exclam.ai builds a fully guided study plan around your exam date.