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200+ Free SOA ALTAM Practice Questions

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2026 Statistics

Key Facts: SOA ALTAM Exam

6

Official Questions

SOA Spring 2026 intro note

60

Total Points

SOA

3 hrs

Time Limit

SOA

6-10

Passing Grades

SOA 0-10 scale

$500

Standard Fee

SOA fee table

7

Content Domains

SOA 2026 syllabus

SOA ALTAM is a 3-hour written-answer exam with 6 questions worth 60 points total. The Spring 2026 syllabus uses 7 weighted domains, led by Premium and Policy Valuation for Long-Term State-Dependent Coverages at 12-20%, while most other domains carry 10-20% or 10-18% ranges. SOA reports results on a 0-10 scale, and grades of 6 to 10 are passing. As of March 11, 2026, the official ALTAM updates page showed no exam-specific content changes.

About the SOA ALTAM Exam

The SOA Advanced Long-Term Actuarial Mathematics (ALTAM) exam is an advanced ASA-pathway written-answer exam covering contingent payment models, long-term state-dependent coverages, joint-life benefits, profit testing, pensions, universal life, and embedded product options.

Assessment

Computer-based written-answer exam at Prometric: 6 questions worth 60 points total, with 5 answered in a booklet and 1 answered in Excel

Time Limit

3 hours

Passing Score

Grade of 6 or higher on SOA's 0-10 scale

Exam Fee

$500 (Society of Actuaries (SOA) / Prometric)

SOA ALTAM Exam Content Outline

10-20%

Survival Models for Contingent Cash Flows

Select and multi-state survival models, transition probabilities, occupancy probabilities, and actuarial present values for contingent cash flows.

12-20%

Premium and Policy Valuation for Long-Term State-Dependent Coverages

Equivalence and valuation methods for long-term coverages with state-dependent premiums, benefits, reserves, and expense adjustments.

8-16%

Joint Life Insurance and Annuities

Joint-life, first-to-die, last-survivor, and contingent or reversionary benefit valuation for multiple-life statuses.

10-20%

Profit Analysis

Profit signatures, expected present value of profit, source-of-earnings analysis, and sensitivity to mortality, lapse, expense, and interest assumptions.

10-18%

Pension Plans and Retirement Benefits

Defined benefit formulas, accrued liabilities, normal costs, early and deferred retirement values, and plan funding mechanics.

10-18%

Universal Life Insurance

Account-value rollforwards, credited interest, cost-of-insurance charges, death benefit options, and surrender-value mechanics.

10-18%

Embedded Options in Life Insurance and Annuity Products

Variable annuity guarantees, option-like payoff structures, policyholder behavior, and the main drivers of guarantee cost.

How to Pass the SOA ALTAM Exam

What You Need to Know

  • Passing score: Grade of 6 or higher on SOA's 0-10 scale
  • Assessment: Computer-based written-answer exam at Prometric: 6 questions worth 60 points total, with 5 answered in a booklet and 1 answered in Excel
  • Time limit: 3 hours
  • Exam fee: $500

Keys to Passing

  • Complete 500+ practice questions
  • Score 80%+ consistently before scheduling
  • Focus on highest-weighted sections
  • Use our AI tutor for tough concepts

SOA ALTAM Study Tips from Top Performers

1Build one formula map that links select-life and multi-state transition probabilities to occupancy probabilities, contingent payments, and reserves.
2Use timeline sketches for joint-life, pension, and universal-life questions so you separate event timing from valuation mechanics before calculating.
3Practice profit-analysis questions by identifying the source of gain or loss first, then tying it back to the pricing assumptions that produced the expected profit signature.
4For universal life and embedded guarantees, work from account rollforwards and payoff definitions instead of memorizing isolated formulas.
5Train in written-answer style near the end of prep: show setup cleanly, state assumptions, and use Excel only where it actually saves time.

Frequently Asked Questions

How many questions are on SOA ALTAM?

The Spring 2026 ALTAM introductory study note says the exam has 6 written-answer questions worth 60 points total. Each question can have multiple parts, and partial credit is available.

How is the ALTAM exam delivered?

ALTAM is administered at Prometric as a computer-based written-answer exam. Candidates see the questions on screen, answer 5 questions in a booklet, and complete 1 question in an Excel workbook that also contains tables and formulas.

What score do you need to pass SOA ALTAM?

SOA reports grades on a 0-10 scale, and grades from 6 to 10 are passing. The SOA does not publish a fixed raw percentage because the pass mark is set for each sitting.

Which ALTAM topics matter most?

The largest official weight range is Premium and Policy Valuation for Long-Term State-Dependent Coverages at 12-20%. Survival Models and Profit Analysis each carry 10-20%, while Pension Plans, Universal Life, and Embedded Options each carry 10-18%. Joint Life Insurance and Annuities is still meaningful but has the lightest range at 8-16%.

What changed for ALTAM in 2026?

As of March 11, 2026, the official ALTAM updates page did not list any exam-specific content updates. The practical 2026 items candidates should track are the current $500 fee and the 2026 sittings scheduled for April 21 and October 21.

What prior knowledge does ALTAM assume?

The official SOA ALTAM study page says prior knowledge from the Fundamentals of Actuarial Mathematics (FAM) exam is assumed. That means life contingencies, survival models, and premium-reserve basics should already be comfortable before you focus on ALTAM's advanced extensions.