Exam LTAM is considered one of the more challenging actuarial exams because it combines advanced calculus, probability, and real-world actuarial applications with time pressure—you'll need to solve complex problems in just a few hours. Most candidates find the transition from earlier probability exams to LTAM's applied focus requires deeper conceptual understanding and faster problem-solving skills, making targeted preparation essential.

Most candidates benefit from 3-4 months of consistent study, dedicating 15-20 hours per week to master the material and build speed on practice problems. Your timeline may vary depending on your background in calculus and probability—some students benefit from additional time to strengthen foundational concepts before diving into LTAM-specific topics.

Students typically struggle with time management during the exam, the integration of multiple mathematical concepts into single problems, and translating real-world scenarios into mathematical models. Many also find the transition from memorization-based studying to applying concepts under pressure to be a significant shift, which is where personalized tutoring can help you develop both conceptual mastery and test-taking confidence.

Varsity Tutors connects you with expert tutors who can identify your specific weak areas—whether that's survival analysis, pension calculations, or problem-solving speed—and create a customized study plan tailored to your learning style. A tutor can walk you through complex problems step-by-step, teach you efficient problem-solving strategies, and provide targeted feedback on practice exams to build both competence and confidence before test day.

Practice tests are essential—they help you get comfortable with the exam format, identify knowledge gaps, and develop pacing strategies for the time-constrained environment. Most successful candidates take multiple full-length practice exams under timed conditions and review each one thoroughly to understand not just what they got wrong, but why and how to avoid similar mistakes on test day.

Your first session will focus on understanding your current level, learning goals, and specific challenges—whether you're just starting to study, struggling with particular topics, or refining your test-taking strategy. Your tutor will likely review some practice problems with you to assess your strengths and weaknesses, then work with you to create a personalized study plan that fits your timeline and goals.

Denver's actuarial community includes professionals at major insurance and financial services companies who often participate in SOA study groups and local actuarial societies. While group study can be helpful for motivation and peer learning, personalized tutoring offers the advantage of focused instruction on your specific gaps and customized pacing that group settings can't always provide.