Free Exam LTAM (Long-Term Actuarial Mathematics) Exam Questions and Answers
Exam LTAM (Long-Term Actuarial Mathematics) is part of the Society of Actuaries credentialing pathway. SOA exams are steps on a single sequenced pathway to Associate and then Fellow, using mnemonic codes rather than numbers — P for probability, FM for financial mathematics, FAM, SRM, PA and the advanced ALTAM and ASTAM papers. Results are reported on a 0 to 10 scale where 6 and above passes, and the pass mark is fixed before the exam is sat rather than curved.
The first 10 questions on this page are free to read, answers included — no account and no card. A plan opens the rest of the bank, the full timed practice test and your weak-topic reporting.
Last updated: September 9, 2026
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Question #1
1. Which of the following is a common method for valuing life insurance liabilities?
Please select an optionIncorrectCorrect answer: B
The Present Value of Future Cash Flows method is widely used for liability valuation.
Was this answer correct?Question #2
2. If a life insurer wants to increase its reserves, which of the following actions should it consider?
Please select an optionIncorrectCorrect answer: C
Increasing premium rates will help the insurer boost its reserves.
Was this answer correct?Question #3
3. When using a stochastic model for mortality, which of the following must be accounted for?
Please select an optionIncorrectCorrect answer: A
Stochastic models must account for trends in mortality and longevity.
Was this answer correct?Question #4
4. In the context of actuarial science, what does the term 'adverse selection' refer to?
Please select an optionIncorrectCorrect answer: A
Adverse selection occurs when there is asymmetric information between insurers and insureds.
Was this answer correct?Question #5
5. Which of the following distributions is commonly used for modeling the time until an event occurs in life insurance?
Please select an optionIncorrectCorrect answer: B
The Exponential Distribution is often used to model time until an event occurs in life insurance.
Was this answer correct?Question #6
6. When calculating the Net Present Value (NPV) of cash flows, which of the following factors is critical?
Please select an optionIncorrectCorrect answer: C
The discount rate is essential in calculating the Net Present Value of future cash flows.
Was this answer correct?Question #7
7. What does CALM stand for in actuarial modeling?
Please select an optionIncorrectCorrect answer: D
CALM stands for Consistent Assets Liability Management, a critical concept in actuarial work.
Was this answer correct?Question #8
8. A project has a cash inflow that is delayed by one year. How does this affect the Net Present Value?
Please select an optionIncorrectCorrect answer: D
Delaying cash inflows generally decreases the Net Present Value because of the time value of money.
Was this answer correct?Question #9
9. If an insurer observes a trend of increasing longevity among its policyholders, what should it do?
Please select an optionIncorrectCorrect answer: B
The insurer should reassess mortality assumptions in light of increasing longevity.
Was this answer correct?Question #10
10. What is the main purpose of mortality tables in actuarial science?
Please select an optionIncorrectCorrect answer: D
Mortality tables primarily help actuaries estimate life expectancy of different populations.
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FAQ
Learn More: https://www.soa.org/programs/soa-certificates/
- Q1: What is the Exam LTAM (Long-Term Actuarial Mathematics) exam?
- A: Exam LTAM (Long-Term Actuarial Mathematics) is a SOA certification exam. Judging by the questions in our bank, it concentrates on actuarial, insurer, insurance, life and mortality.
- Q2: What topics does the Exam LTAM (Long-Term Actuarial Mathematics) exam cover?
- A: Questions in our Exam LTAM (Long-Term Actuarial Mathematics) bank cluster around actuarial, insurer, insurance, life, mortality, policyholders, actuary and reserves. Working through the full set is the quickest way to find which of these you are weakest on.
- Q3: How should I prepare for Exam LTAM (Long-Term Actuarial Mathematics)?
- A: Work through the Exam LTAM (Long-Term Actuarial Mathematics) practice questions here, checking your answer on each one, then sit the practice test to rehearse the exam under timed conditions before the real thing.
- Q4: Are these real Exam LTAM (Long-Term Actuarial Mathematics) exam questions?
- A: They are drawn from officially released past questions and from community members who have sat Exam LTAM (Long-Term Actuarial Mathematics). Answers are verified and updated weekly.
- Q5: Where do I register for the Exam LTAM (Long-Term Actuarial Mathematics) exam?
- A: Register through SOA directly at https://www.soa.org/programs/soa-certificates/. Exampractice is not affiliated with SOA and does not administer the exam.
- Q6: Is there a free Exam LTAM (Long-Term Actuarial Mathematics) sample?
- A: Yes. Every Exam LTAM (Long-Term Actuarial Mathematics) page shows a free sample of real questions. Upgrading opens the full bank and the practice test.
- Q7: What are SOA Certification Exams?
- A: SOA (Society of Actuaries) Certification Exams validate your expertise in actuarial science and risk management. These certifications demonstrate your proficiency in mathematical, statistical, and financial concepts essential for analyzing and managing risk in insurance, finance, and other industries.
- Q8: Why should I pursue SOA Certification?
- A: SOA Certification enhances your professional credibility, showcasing your skills and knowledge in actuarial science. This can lead to better job opportunities, higher salaries, and career advancement in actuarial, financial, and risk management roles.
- Q9: What are the benefits of SOA Certification?
- A: Benefits include recognition as a certified actuary, improved job performance, access to exclusive resources, continuing education opportunities, and staying current with the latest actuarial practices and industry standards.
- Q10: Who should take SOA Certification Exams?
- A: Aspiring actuaries, financial analysts, risk managers, and anyone involved in analyzing and managing financial risk should consider these certifications to validate their expertise and advance their careers.
- Q11: What types of SOA Certification Exams are available?
- A: SOA offers various certification paths, including:
- Q12: How do I prepare for SOA Certification Exams?
- A: Preparation can include official SOA study materials, preparatory courses, practice exams, online tutorials, and hands-on experience in actuarial work.
- Q13: Where can I take SOA Certification Exams?
- A: SOA Certification Exams can be taken at authorized testing centers worldwide, providing flexibility to fit your schedule and location.
- Q14: How do SOA Certifications impact my career?
- A: SOA Certifications significantly boost your career by demonstrating your expertise to employers, making you a more competitive candidate for advanced roles and promotions in actuarial science, finance, and risk management.
- Q15: Are there any prerequisites for SOA Certification Exams?
- A: Some exams may have prerequisites, such as foundational knowledge in mathematics, statistics, and finance. Check the specific requirements for each certification path on the SOA website.
- Q16: How often do I need to recertify for SOA Certifications?
- A: SOA Certifications do not require mandatory recertification. However, staying updated with the latest actuarial practices and continuing professional development is recommended to maintain your skills and relevance in the industry.