Most candidates spend 200-300 hours studying for LTAM over 3-4 months, depending on their background in probability and calculus. If you're new to actuarial concepts or struggled with prerequisite exams, you may need additional time. Personalized tutoring can help you identify knowledge gaps early and create a focused study plan, which often accelerates preparation compared to self-study alone.

Students typically struggle most with survival models and force of mortality calculations, as they require strong calculus skills combined with actuarial reasoning. Pension mathematics and present value calculations of life annuities also trip up many candidates because they involve complex multi-step problems. A tutor can break down these concepts into manageable pieces and provide targeted practice on your weakest areas.

Effective LTAM preparation combines conceptual understanding with extensive problem practice. Start by mastering survival models and mortality notation, then move to calculations and applications. Practice tests under timed conditions are critical—they reveal pacing issues and gaps in understanding. Working with a tutor helps you avoid common misconceptions early and develop efficient problem-solving strategies rather than memorizing formulas.

Your first session will focus on assessing your current knowledge and identifying your specific challenges. A tutor will review your background in probability and calculus, discuss which LTAM topics concern you most, and outline a personalized study plan. This initial conversation helps match you with the right approach and sets clear goals for your preparation.

The LTAM exam allows the BA II Plus or BA II Plus Professional calculator, and becoming proficient with your chosen calculator is essential. Many students lose valuable time during the exam struggling with calculator functions or making input errors. A tutor can teach you efficient calculator techniques and help you practice complex calculations until they become automatic, freeing up mental energy for problem-solving.

Varsity Tutors connects you with tutors who have deep expertise in actuarial exams and understand the specific challenges of LTAM. When you get matched with a tutor, you'll work with someone experienced in teaching survival models, mortality calculations, and pension mathematics—not just general math. You can discuss your timeline, learning style, and goals to ensure a strong fit for your preparation.

The LTAM exam uses a pass/fail format rather than a numerical score—you either pass or don't. The passing standard is set by the Society of Actuaries and typically requires demonstrating competency across all major topics. Your tutor can help you understand the depth of knowledge needed for each topic and ensure you're prepared to handle exam-level questions confidently.