LTAM is considered one of the more challenging actuarial exams because it combines complex mathematical concepts with real-world applications in mortality modeling and pension calculations. The exam requires strong foundational knowledge from previous exams (FM and IFM) plus mastery of new material in life contingencies and financial mathematics. Many test-takers find the breadth of topics and the integration of theory with practical problem-solving to be the biggest hurdles.

Most actuarial candidates benefit from 3-6 months of dedicated study, depending on their background and how much time they can commit weekly. A typical study schedule involves 10-15 hours per week of focused preparation, including working through practice problems, reviewing theory, and taking full-length practice exams. For students in Manhattan balancing work or other commitments, personalized tutoring can help you study more efficiently by targeting your specific weak areas rather than reviewing material you've already mastered.

Students often struggle with the heavy reliance on mortality tables and life contingency calculations, as well as understanding how to apply complex formulas to unfamiliar problem scenarios. Pension mathematics and the integration of financial theory with actuarial concepts also trip up many test-takers. Additionally, time management during the exam is critical—balancing between detailed calculations and strategic problem selection can be difficult without proper practice and guidance.

Varsity Tutors connects you with expert tutors who can break down complex life contingency formulas, clarify pension mathematics concepts, and help you develop efficient problem-solving strategies. A tutor can identify your specific weak areas through diagnostic practice problems, create a customized study plan, and teach you how to approach different question types strategically. They can also help you build confidence and manage test anxiety by simulating exam conditions and providing targeted feedback on your work.

Practice tests are essential for LTAM success—they help you become familiar with question formats, identify knowledge gaps, and develop pacing strategies for the actual exam. Taking full-length practice exams under timed conditions reveals which topics need more review and helps you build stamina for the lengthy exam. Most successful candidates take multiple practice exams throughout their study period, using results to guide their review efforts and build confidence before test day.

Your first session typically involves an assessment of your current knowledge, a review of your study timeline and goals, and a discussion of your specific challenges with LTAM material. The tutor will likely work through a few practice problems with you to understand your problem-solving approach and identify areas where you need the most support. From there, you'll develop a personalized study plan that fits your schedule and focuses on your weak areas for maximum improvement.

Varsity Tutors makes it easy to connect with expert tutors who specialize in actuarial exam preparation. You can share your study timeline, specific topics you want to focus on, and your schedule preferences, and we'll match you with a tutor who fits your needs. Whether you're just starting your LTAM prep or need targeted help with specific concepts, you can get started with personalized 1-on-1 instruction that works around your schedule.