Exam FAM-L Study Guide with Instructional Videos 2nd Edition Author: Li & Ng

ISBN(s): 979-8-89016-277-9 | 979-8-89016-278-6 | 979-8-89016-279-3 | 979-8-89016-280-9

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Our Study Guide for SOA Exam FAM-L offers personalized learning on a schedule that works for you. 

The Exam FAM-L study guide will allow you to:

  • Review 646 pages of comprehensive, exam-focused information with full syllabus coverage
  • Refine your understanding with 106 examples 
  • Practice until you're confident with 274 exercises 
  • Get exam-ready with 5 full-length exams  

GOAL: Practice. Predict. Pass. 

Reach your target GOAL Score with our proven system.

GOAL offers:

  • 2,200+ SOA exam practice problems with detailed solutions
  • A variety of learning modes and difficulty levels
  • Customized quizzes: You set the topic, difficulty, number of questions, and a timer
  • Simulated exams: Choose from 5 comprehensive exams 
  • Measure your preparedness with GOAL Score 

Instructional Videos

Retain more information with our helpful videos that cover the entire syllabus
and further explain the most complex topics.

We've got you covered with: 

  • 70+ instructional FAM-L videos
  • A variety of expert instructors, many of whom are current university professors 
  • Almost 8 total hours of video content—with more to come

Flashcards

Master key topics and formulas with our flashcards, which are rated by exam importance. 

  • 65+ FAM-L Virtual Flashcard - Great for on-the-go studying!
  • Cover critical syllabus material to help you pass your exam.
  • Great way to help you learn key topics and formulas.
  • Allow you to sort by topic to focus on the material you need to work on the most.

Planner

Weighted by topic importance, our Planner outlines how to study for Exam FAM-L

  • Simplify study sessions with Planner's ability to filter videos, flashcards, and GOAL for relevant content, based on where you're at in the manual 
  • Weighted sections highlight how long you should spend on each topic
  • Mark sections as Completed so you have a handy checklist of remaining study materials

Topic Search

Everything in the SOA Exam FAM-L study manual is fully indexed by keyword,
making it easy to toggle between materials and concepts without losing your place. 

  • Seamlessly read, watch and practice across topics 
  • Connect to all your materials, identify problem areas, and get the help you need to pass

Formula and Review Sheet

This at-a-glance tool helps you memorize and recall key formulas and information. 

  • 9 pages for FAM-L - 22 pages for the full FAM Exam
  • Covers important formulas needed to prepare you for the actuarial probability exam 
  • Easy-to-print reference guide you can study with, no matter where you are

ACTEX Learning Bootcamp Sitting Information:

Exam FAM-L Sitting

Session 1

Session 2

Session 3

March 2025

1/19

2/2

2/16

July 2025

5/25

6/8

6/22

November 2025

10/5

10/19

11/2

Sessions will begin at 10 am ET. Sessions last two hours, with an additional 30 minutes for questions at the end. 

 

Optimize your Study Time for Exam FAM-L with the ACTEX Bootcamps.

It is the perfect addition to your study schedule and will help you feel confident and ready for your exam. 

Interact with the instructor and other students during this three-session online instruction course offering:

  • Review of exam material and strategies
  • Special focus on more challenging topics, common errors, and exam strategy
  • Walk-throughs of key examples
  • On-demand recordings of the sessions available for later review 
  • Email access to instructors for Q&As 

This Bootcamp is taught by Abraham Weishaus, who was formerly a financial reporting actuary for Guardian Life Insurance Company. He served on the SOA's Education and Examination Committee for 11 years. He also taught exam preparation courses for the Actuarial Society of Greater New York (ASNY) for 15 years, for CAMAR for 6 years, and for St. Johns University for 5 years. Abe is currently a professor at Columbia University, where he has been teaching for over 10 years. He has been an ASM author for over 20 years and publishes material for exams P, FAM, ALTAM, ASTAM, SRM, MAS-I, and MAS-II.

About the Authors

Johnny Li, PhD, FSA

Professor Li is Professor and the Holder of the Munich Re Chair in Predictive Analytics at the University Of Waterloo, Canada. His current teaching and research focus on the interface between actuarial science and predictive analytics. Over the years, his research contributions have led to several prestigious awards, including the Society of Actuaries (SOA) Redington Prize, the SOA Edward A. Lew Award and the SCOR Actuarial Award in Asia.

Andrew Ng, PhD, FSA

Professor Ng is an Associate Professor of Practice in Actuarial Science at the Chinese University of Hong Kong. Prof. Ng has more than 15 years of experience in actuarial science and financial mathematics education. He teaches a broad range of actuarial science and finance courses, including life contingencies, derivative securities, risk management, and predictive analytics. In 2012, he was awarded the Vice-Chancellor’s Exemplary Teaching Award from the Chinese University of Hong Kong. Prof. Ng received his Ph.D. from the University of Iowa.

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