SOA Advanced Long-Term Actuarial Mathematics — October 2026 Sitting
Elevate Beyond Self-Study for ALTAM.
Most ALTAM candidates aren’t sitting it for the first time — many have already taken it two or three times. If you already know the material but it still isn’t translating into a pass, the gap usually isn’t knowledge. It’s written-answer technique, partial-credit strategy, and timed practice — exactly what this bootcamp is built to close before your next sitting.
October 2026 Sitting
September 20 – October 11, 2026
4-week program
55
Effective Pass Rate
6
Qs Written Answer
180
Minutes Exam Duration
7
Topics Syllabus Areas
4
Live weekly classes
The Real Problem
Why Prepared Candidates Still Don't Pass
ALTAM’s failure rate isn’t just about knowing the material. SOA examiners’ published comments reveal a consistent set of communication and strategy failures — ones that your study manual was never designed to fix.
Memorizing Thiele’s — Not Deriving It
Examiners flag candidates who apply Thiele’s differential equation blindly without understanding when and why to integrate over time vs. age — leading to errors on novel exam setups.
Misreading Multiple-State Models
Joint life and Markov model questions regularly trip candidates who assume independence when the model incorporates dependence (e.g., broken heart effect), or vice versa.
Weak Written Presentation
Graders can only reward what they can read. Undefined notation, missing steps, and disorganised workings cost candidates points even when the underlying maths is correct.
Poor Time Allocation
At ~3 minutes per point, spending too long on a single part collapses the whole paper. Candidates who’ve never timed a full 6-question set are unprepared for this pressure.
Shaky FAM Foundations
ALTAM assumes complete fluency in life contingencies from FAM. Candidates who haven’t actively maintained those fundamentals find that gaps compound rapidly across all seven topics.
Leaving Parts Blank
Partial credit is awarded even for incomplete solutions. Many candidates forfeit free marks by skipping multi-part questions rather than attempting setup, recognising the model, or stating assumptions.
SOA Examiners’ Comments — Published Feedback
“Candidates memorised Thiele’s formula rather than understanding the derivation. Many struggled to apply it correctly when the question required identifying the appropriate states and transitions — particularly where reserves for certain states are zero.“
Syllabus Coverage
Every ALTAM Topic — Weighted Where It Counts
Our bootcamp covers every topic on the ALTAM syllabus, with extra depth on the highest-weight and most-failed areas identified in SOA examiners’ feedback.
10–20%
Survival models & multiple-state
- Markov multiple-state models & Kolmogorov equations
- Transition intensities & MLE estimation
- Multiple-decrement tables (construction & deconstruction)
- Mortality curves & heterogeneity
High failure rate
12–20%
Premium & policy valuation
- State-dependent present value random variables
- Woolhouse two- and three-term approximations
- Equivalence principle premiums under multiple states
- Thiele's differential equation — derivation & application
Highest weight
8–16%
Joint life insurance & annuities
- Time-to-status-failure vs. multiple-state models
- Independence & dependence of joint lifetimes
- Broken heart effect & common shock models
- Premiums and reserves on joint life statuses
10–20%
Profit analysis
- Gain by source: mortality, interest, lapse, expense
- Profit signature, NPV, IRR & profit margin
- Discounted payback period
- Premiums & reserves set via profit testing
10–18%
Pension plans & retirement benefits
- Projected Unit Credit (PUC) & Traditional Unit Credit (TUC)
- Actuarial accrued liability & normal cost
- Salary scales & service tables
- DC/DB replacement ratios & early-exit benefits
10–18%
Universal life insurance
- Type A & B account value mechanics & benefits
- No-lapse guarantee reserves
- Best-estimate & stress assumption profit testing
- Deterministic cashflow projections
10–18%
Embedded options & equity-linked
- GMDB, GMMB, GMIB, GMWB payoff structures
- Black-Scholes valuation of variable annuity guarantees
- Delta-hedging & discrete-time rebalancing costs
- Profit testing of equity-linked products
What You’ll Get
A full bootcamp, not just practice exams
Four live weekly classes
Full syllabus coverage in a structured, connected sequence
Live instruction on theory, intuition, and exam-level application
Real-time Q&A during every session
Written-answer technique guide
How to structure solutions graders can follow
Defining state spaces, notation, and assumptions clearly
Partial credit maximisation — never leave marks on the table
Full-length final mock exam
Realistic 6-question, 60-point format, including the Excel question
Graded by our instructors, with written feedback provided
Completed at your own pace after Week 4
High-Yield Topic Deep Dives
Thiele’s differential equation — from derivation to application
Markov / multiple-state model framework
Profit testing methodology across all product types
PUC vs. TUC pension cost methods
FAM Foundations Refresh
Targeted review of prerequisite concepts ALTAM assumes
The life contingencies fundamentals most candidates haven’t touched since FAM
Interactive Q&A Support
Ask questions live during every weekly class
Clarify ambiguous question phrasing and exam strategy
Learn from questions raised by other students
Designed to elevate your skills beyond self-study using ACTEX, Coaching Actuaries, ASM, or TIA — not replace them. Those resources cover the syllabus content comprehensively. This bootcamp focuses on what they typically don’t: connected weekly instruction, written-answer technique, partial-credit strategy, and timed full-length practice under real exam conditions.
Program Structure
Your 4-week ALTAM bootcamp
September 20 – October 11, 2026. Four live weekly classes, every Sunday at 1:00–3:00 PM EST, moving through the full syllabus — with a self-paced, graded mock exam after the final class.
Week 1
Sun, Sep 20 · 1:00–3:00 PM EST
Survival models & joint life insurance
Start with Markov multiple-state models, transition intensities, and multiple-decrement tables, then move into joint life and joint annuity statuses — independence, dependence, and the broken heart effect.
Week 2
Sun, Sep 27 · 1:00–3:00 PM EST
Premium & policy valuation
A full session on the exam’s highest-weight topic: state-dependent present value random variables, Woolhouse approximations, equivalence principle premiums, and Thiele’s differential equation — derivation through to application.
Week 3
Sun, Oct 4 · 1:00–3:00 PM EST
Profit analysis & pension plans
Cover gain-by-source analysis, profit signatures, NPV/IRR, and discounted payback, then move into pension valuation — Projected and Traditional Unit Credit methods, accrued liability, and normal cost.
Week 4
Sun, Oct 11 · 1:00–3:00 PM EST
Universal life, embedded options & exam-day readiness + Full-length Mock Up Exam
Universal life, embedded options & exam-day readiness + Full-length Mock Up Exam Close out the syllabus with universal life account value mechanics and no-lapse guarantees, plus embedded options (GMDB/GMMB/GMIB/GMWB) and their valuation, then wrap up with an exam-day readiness discussion. After class, you’ll be given a complete full-length mock exam to work through at your own pace — graded by our instructors, with written feedback provided afterward.
Student Testimonials
What Students Are Saying
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Frequently Asked Questions
Common Questions
Who is the instructor for the bootcamp?
Raymond Goh is an Associate of the Society of Actuaries (ASA) completing his final requirements towards Fellowship with over 7 years of actuarial experience across insurance and consulting lines. He possesses a great deal of experience teaching and supporting actuarial students in their exam preparation. He is passionate about making difficult actuarial concepts clear and intuitive and his students exam ready.
Is this a replacement for ACTEX, Coaching Actuaries, or TIA?
No. This bootcamp is designed to elevate your skills beyond self-study using ACTEX, Coaching Actuaries, ASM, or TIA — not replace them. Those resources cover content comprehensively. This bootcamp focuses on what they typically don’t: connected weekly instruction, written-answer technique, partial-credit strategy, and timed full-length practice under real exam conditions.
How is this bootcamp structured?
Four live weekly classes move through the full syllabus in sequence — survival models and joint life, then premium and policy valuation, then profit analysis and pensions, then universal life, embedded options, and exam-day readiness. After Week 4, you’ll complete a full-length mock exam at your own pace, graded with written feedback provided afterward.
How is the mock exam developed?
The final mock exam is built by following the most recent SOA syllabus and released past exams, reflecting the style, format, and point structure of the real ALTAM exam — 6 questions, 60 points, with one Excel-based question. You complete it at your own pace after Week 4, and our instructors grade it and provide written feedback.
Will class recordings be available?
Yes — all four live classes are recorded and shared with enrolled students, so you can revisit them at any point during the four-week program.
Who is this bootcamp best suited for?
This bootcamp is ideal for candidates with an upcoming ALTAM sitting who want structured, connected instruction across the full syllabus plus dedicated exam-skills practice. It’s especially valuable for candidates on a repeat attempt who already know parts of the material but haven’t closed the gap on written-answer technique and timed practice.
I passed FAM recently. Do I need a foundations refresher?
If your FAM knowledge is fresh and solid, you likely don’t need a full refresher. We include a targeted FAM foundations review as part of Week 1, so you can quickly patch any gaps without revisiting your entire FAM notes.
Ready to Write Your Way
to a Pass?
Join fellow ALTAM candidates and build the exam skills that separate those who pass from those who don’t — before sitting day. Program runs September 20 – October 11, 2026.
Limited spots — enrollment closes once we’re full.
