A 10-week SOA Exam FAM study plan covers roughly 300 hours at ~30 hours per week. This pace is demanding for Exam FAM. Most candidates cannot sustain 30+ hours per week alongside a full-time job. Consider this plan if you have flexible schedule weeks ahead or significant prior exposure to the material.
A visual preview of how exclam.ai turns this 10-week plan into daily reading, flashcard, quiz, review, and mock streaks. Adjust the start date and review week to match your exam timeline.
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Every module dated to your exam, with quizzes and FSRS flashcards generated from your own materials.
A 10-week Exam FAM plan walks the syllabus module-by-module before transitioning into review and mock phases. Module weeks are allocated proportional to SOA topic weights — heavier-weighted modules get more time, lighter ones either get a single week or pair with adjacent topics on intensive paces.
Cover Insurance Coverages and Retirement Products (5–10%), Severity, Frequency, and Aggregate Models (15–20%) in this week — paired because their individual weights are light or the intensive pace requires combining adjacent syllabus sections. Read each objective, flashcard the key formulas, and run one quiz across the group before moving on.
Maximum likelihood and method of moments estimation for parametric models, including goodness of fit testing. Build flashcards covering every learning objective and quiz yourself before moving to the next module.
Life table construction, force of mortality, select and ultimate mortality, and multiple-decrement models. Build flashcards covering every learning objective and quiz yourself before moving to the next module.
Pricing and reserving for life insurance and life annuity products using the equivalence principle and benefit reserves. Build flashcards covering every learning objective and quiz yourself before moving to the next module.
Pricing, loss reserving, and credibility for short-term insurance products including property, casualty, and health. Build flashcards covering every learning objective and quiz yourself before moving to the next module.
Introduction to option pricing including put-call parity, binomial models, and Black-Scholes pricing for European options. Build flashcards covering every learning objective and quiz yourself before moving to the next module.
Weak-topic drilling. exclam.ai surfaces topics where you underperformed during coverage and re-quizzes them. Daily FSRS flashcard reps across all 7 topics to prevent decay. Start doing timed question batches focused on the heaviest-weight sections.
Full-length Exam FAM practice exams under timed conditions. Target one mock every 3–5 days. Same-day error review: for every question you miss, re-derive the solution from scratch. Taper in the final 3 days — light flashcards only.
Exam FAM has 7 topic areas. This plan allocates time across all of them, weighted by the approximate exam weights.
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