A 24-week SOA Exam FAM study plan covers roughly 300 hours at ~13 hours per week. A comfortable pace for Exam FAM. Best if you are new to the material, studying alongside a demanding job, or prefer depth over speed.
A visual preview of how exclam.ai turns this 24-week plan into daily reading, flashcard, quiz, review, and mock streaks. Adjust the start date and review week to match your exam timeline.
A 24-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.
Structure and features of common insurance and retirement products including life insurance, annuities, health, and short-term insurance. Build flashcards covering every learning objective and quiz yourself before moving to the next module.
Statistical models for individual loss severity, claim frequency, and aggregate loss distributions including compound distributions. Build flashcards covering every learning objective and quiz yourself before moving to the next module.
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.
Upload your ACTEX manual, scanned ASM pages, TIA handouts, or your own notes, exclam.ai builds the fully guided plan for you. Free to start.