Gross premium pricing, profit testing, embedded value calculations, and universal life product pricing.
These are the key learning objectives for Advanced Life Insurance and Annuity Pricing on SOA Exam ALTAM. Paraphrased from the public SOA syllabus — we recommend also checking the current syllabus on soa.org before your exam sitting.
Compute gross premiums including expenses, taxes, and profit margins
Conduct profit testing across the product lifecycle
Calculate embedded value and value of new business
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SOA Exam ALTAM has 5 topic areas. Advanced Life Insurance and Annuity Pricing is weighted at approximately 20–30% of the exam — here is where it sits relative to the other topics.
| Topic area | Weight |
|---|---|
| Advanced Mortality Models | 15–25% |
| → Advanced Life Insurance and Annuity Pricing | 20–30% |
| Reserves and Risk Management | 15–25% |
| Pensions and Retirement Benefits | 15–20% |
| Health Insurance | 15–20% |
Multi-state mortality models, fractional age assumptions, and select and ultimate tables for advanced applications.
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.
Upload your ACTEX Exam ALTAM digital edition, scanned ASM pages, TIA handouts, or your own notes. exclam.ai generates a fully guided study plan with adaptive flashcards and quizzes for this topic.