Reserves

SOA Exam FAM-L Comprehensive Cheat Sheet

Table of Contents #

  1. Exam Overview
  2. Survival Models & Life Tables
  3. Present Value Random Variables
  4. Net Premium Reserves
  5. Multiple Life Functions
  6. Multiple Decrement Models
  7. Select & Ultimate Life Tables
  8. Pension Mathematics
  9. Key Formulas Quick Reference
  10. Common Approximations
  11. Study Strategy & Tips

Exam Overview #

Duration: 3 hours
Format: 30 multiple-choice questions
Core Topics: Life Insurance Mathematics, Life Annuities, and Net Premium Reserves
Passing Score: Typically 60-70% (varies by sitting)
Calculator: SOA-approved financial calculator required