LTAM is considered one of the more challenging actuarial exams because it combines complex mathematical concepts with practical insurance applications. The exam requires strong calculus and probability foundations, plus the ability to apply those skills to real-world scenarios like mortality rates and insurance pricing. Many candidates find the conceptual depth and calculation-heavy sections require sustained, focused study—which is where personalized tutoring can make a real difference in identifying your specific weak areas.

Most candidates spend 3-6 months preparing for LTAM, depending on their math background and study consistency. The Society of Actuaries recommends approximately 300+ hours of study time, which typically breaks down to 15-20 hours per week over several months. Working with a tutor can help you use that time more efficiently by focusing on high-impact concepts and problem areas rather than broad review.

Students typically struggle with three main areas: mastering the survival analysis notation and formulas, applying life contingency concepts to complex multi-state problems, and managing calculation speed under exam time pressure. Many also find the transition from theoretical probability to practical insurance modeling challenging. Personalized instruction helps you work through these specific pain points with targeted practice and conceptual reinforcement.

Practice tests are essential for LTAM success because they expose you to the exam's question formats, time constraints, and the specific way concepts are tested. Regular practice testing also builds confidence and helps you identify which topics need more review before exam day. A tutor can help you interpret practice test results, prioritize weak areas, and develop strategies for managing time across different question types.

Varsity Tutors connects you with expert tutors who specialize in actuarial exams and can create a personalized study plan based on your background and goals. A tutor can break down complex survival models and life contingency concepts, work through practice problems at your pace, help you develop efficient calculation strategies, and build test-taking confidence. Whether you're just starting your LTAM preparation or refining your approach, personalized 1-on-1 instruction accelerates your readiness.

Your first session typically includes an assessment of your current math foundation, review of your study materials and goals, and identification of your strongest and weakest topic areas. The tutor will ask about your timeline, previous exam attempts (if any), and learning style to build a customized plan. From there, you'll likely dive into foundational concepts or tackle specific problem areas depending on where you need the most support.

Key strategies include managing your time across sections (allocating more time to calculation-heavy problems), reading questions carefully to identify what's being asked, and using scratch paper effectively for complex formulas. Many successful candidates also recommend tackling easier questions first to build confidence, then returning to harder problems. A tutor can help you practice these strategies during mock exams and develop a personalized approach that plays to your strengths.