SOA ALTAMAdvanced Long-Term Actuarial Mathematics
Associateship (ASA)
3 hours·6–8 written-answer questions, 60 points·≈400 study hoursWhat is officially available
The SOA publishes past written-answer exams with model solutions and examiner commentary for FSA exams and for ALTAM/ASTAM. For multiple-choice ASA exams it releases official sample questions and, for some exams, retired papers. Actuarium does not reproduce copyrighted papers; use the official archive plus the original practice set here.
Sittings worth mining
Spring/Fall 2023–2025 ALTAM
Full papers, model solutions and examiner reports released after each sitting.
LTAM 2018–2022 written-answer sections
Still highly relevant for multi-state, profit-test and pension questions.
Recurring question patterns
- A multi-state derivation (Kolmogorov or Thiele) followed by a numeric evaluation.
- A profit-test table to complete, then NPV or profit margin.
- A PUC/TUC pension accrued liability and normal cost.
- A short discussion item on mortality improvement or longevity risk.
The practice tab reproduces these patterns with original numbers — work a pattern here, then confirm against the official paper.