LTAM is considered one of the more challenging actuarial exams because it combines complex mathematical concepts with real-world applications in insurance and pension calculations. The exam requires strong foundational knowledge from previous exams plus the ability to apply formulas quickly under time pressure. Success typically requires 200-300 hours of focused study, depending on your background in mathematics and finance.

Students often struggle with the volume and complexity of formulas, difficulty distinguishing between similar concepts (like different types of annuities), and managing time during the exam. Many also find it challenging to transition from theoretical mathematics to applied problem-solving, especially when questions involve real-world scenarios like pension valuations or insurance pricing. Pacing through the 3-hour exam while maintaining accuracy is another frequent pain point.

Most candidates benefit from 4-6 months of consistent study, dedicating 10-15 hours per week to build mastery of the material. Your timeline may vary based on your math background and how quickly you grasp actuarial concepts. Starting with a diagnostic assessment helps identify weak areas so you can allocate study time more effectively and avoid spending weeks on topics you already understand.

Expert tutors can break down complex topics into manageable pieces, help you identify which concepts are holding you back, and teach you efficient problem-solving strategies specific to LTAM question formats. Personalized 1-on-1 instruction also addresses your unique learning style and pacing, which is especially valuable for a technical exam where small gaps in understanding compound quickly. Tutors can also provide targeted practice on your weakest areas rather than having you review material you've already mastered.

Practice tests are essential for LTAM preparation because they help you become familiar with question formats, build speed and accuracy under timed conditions, and reveal specific knowledge gaps. Taking full-length practice exams under realistic conditions (3 hours, no breaks) is particularly valuable for managing exam anxiety and refining your pacing strategy. A strong study plan includes multiple practice tests throughout your preparation, with focused review of incorrect answers to understand why you missed them.

Varsity Tutors connects you with tutors who have deep expertise in actuarial mathematics and the LTAM exam specifically. When you get matched with a tutor, you can discuss your current level, timeline, and specific challenges—whether that's mastering survival models, annuity calculations, or test-taking strategy. Tutors work with you on a flexible schedule that fits your study plan and can adjust their approach based on your progress.

Your first session typically involves an assessment of your current knowledge, review of your study goals and timeline, and identification of your strongest and weakest topic areas. The tutor will likely work through a few sample problems to understand your problem-solving approach and where you might be losing points. From there, you'll develop a personalized study plan that targets your specific needs, whether that's building foundational concepts or refining test-taking strategies.