SOA ILA LPMIndividual Life & Annuities — Life Product Management
Fellowship (FSA)
5 hours·≈10–12 written-answer questions·≈400 study hoursWhat is officially available
Every FSA written-answer exam since the mid-2000s is published on soa.org with the model solution and examiner report, plus the case study where one is used. Actuarium does not reproduce copyrighted papers; use the official archive and the original practice set here.
Sittings worth mining
Spring & Fall 2023–2025 LPM
First sittings under the restructured ILA track; questions built around the published case study company.
2014–2022 LP (Life Pricing) & LPM predecessor
Pricing and experience-study questions remain directly relevant; regulatory items need updating.
Recurring question patterns
- Recommend-and-justify product design changes
- Credibility-weighted assumption setting
- Reinsurance structure comparison
- In-force action evaluation with constraints
The practice tab reproduces these patterns with original numbers — work a pattern here, then confirm against the official paper.