Exam FAM-L Study Manual - 1st Edition - 3rd Printing

Sep 27, 2026

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Exam FAM-L Study Manual for actuarial learning, presented as a 1st edition with 3rd printing. The manual includes a probability review covering functions, moments, probability distributions, variance, normal approximation, conditional probability and expectation, and conditional variance. It then transitions to long-term insurance foundations, survival models, and survival distributions, including probability notation, actuarial notation, life tables, number of survivors, force of mortality, and mortality laws, with exercises and solutions.

LanguageEnglish

CategoryExam

FormatPDF

Pages39

Reading Time1 h 38 min

AccessFree to download

Probability Review

Functions and moments

Probability distributions

Variance

Normal approximation

Conditional probability and expectation

Conditional variance

Introduction to Long Term Insurance

Survival Models

Survival Distributions: Probability Functions

Probability notation

Actuarial notation

Life tables

Number of survivors

Survival Distributions: Force of Mortality

Survival Distributions: Mortality Laws

Mortality laws that may be used for human mortality

An Integrated Component of Your Study Manual Program Exam FAM-L StudyManual 1st Edition, 3rd Printing Abraham Weishaus, Ph.D., FSA, CFA, MAAA Learning Made Easier Exam FAM-L Study Manual 1st Edition, 3rd Printing Abraham Weishaus, Ph.D., FSA, CFA, MAAA TO OUR READERS: Please check A.S.M.’s web site at [www.studymanuals.com](www.studymanuals.com) for errata and updates. If you have any comments or reports of errata, please e-mail [us at](us at mail@studymanuals.com)[ ](us at mail@studymanuals.com)[mail@studymanuals.com](us at mail@studymanuals.com). ©Copyright 2023 Actuarial Study Materials, a division of ArchiMedia Advantage Inc. All rights reserved. Reproduction in whole or in part without express written permission from the publisher is strictly prohibited. 􀀞􀀝􀀜􀀛􀀚􀀞 􀀘􀀛 􀀗􀀜􀀘􀀖􀀕􀀔􀀓􀀕􀀝 􀀒􀀑􀀓􀀐􀀞􀀔􀀏􀀓􀀘􀀎 􀀞􀀝􀀜􀀛􀀚􀀙􀀛􀀘 􀀖􀀕􀀙􀀔􀀓􀀚􀀒􀀙􀀝􀀑 􀀙􀀒 􀀛 􀀚􀀓􀀙􀀐􀀛􀀏􀀙􀀕􀀓􀀎 􀀍􀀘􀀛􀀝􀀌􀀋􀀚􀀐 􀀊􀀜􀀙􀀘􀀝 􀀛􀀚􀀋􀀜􀀕􀀎 􀀛􀀐􀀋􀀚􀀓 􀀒􀀙􀀐􀀍􀀘􀀙􀀌􀀙􀀓􀀎 􀀉􀀛􀀑 􀀝􀀋 􀀒􀀝􀀜􀀎􀀑􀀈 􀀇􀀝 􀀞􀀋􀀐􀀊􀀙􀀕􀀓􀀒 􀀛􀀘􀀘 􀀝􀀆􀀓 􀀍􀀚􀀋􀀎􀀜􀀞􀀝􀀒 􀀑􀀋􀀜􀀜􀀒􀀓 􀀝􀀋 􀀒􀀝􀀜􀀎􀀑 􀀙􀀕􀀝􀀋 􀀋􀀕􀀓 􀀙􀀕􀀝􀀓􀀚􀀛􀀞􀀝􀀙􀀔􀀓 􀀘􀀓􀀛􀀚􀀕􀀙􀀕􀀏 􀀞􀀓􀀕􀀝􀀓􀀚􀀈 􀀛􀀚􀀙 􀀗􀀖􀀝 􀀕􀀞􀀝􀀔 􀀞􀀝􀀓􀀒􀀑􀀐􀀖􀀓􀀒􀀔 􀀓􀀚􀀏􀀞􀀗􀀎 􀀙􀀎􀀞􀀝􀀑 􀀓􀀍􀀞􀀎 􀀝􀀒􀀓􀀌􀀚􀀐􀀜 􀀞􀀗􀀚􀀝􀀋􀀅􀀆􀀓􀀕 􀀝􀀆􀀙􀀒 􀀙􀀞􀀋􀀕 􀀛􀀍􀀍􀀓􀀛􀀚􀀒􀀄 􀀙􀀝 􀀉􀀙􀀘􀀘 􀀊􀀓 􀀕􀀓􀀃􀀝 􀀝􀀋 􀀛􀀕 􀀙􀀐􀀍􀀋􀀚􀀝􀀛􀀕􀀝􀀝􀀋􀀍􀀙􀀞 􀀙􀀕 􀀝􀀆􀀓 􀀐􀀛􀀕􀀜􀀛􀀘􀀈 􀀂􀀘􀀙􀀞􀀁 􀀝􀀆􀀓 􀀞􀀝􀀜 􀀙􀀕 􀀑􀀋􀀜􀀚 􀀎􀀙􀀏􀀙􀀝􀀛􀀘 􀀐􀀛􀀕􀀜􀀛􀀘􀀄􀀋􀀚 􀀒􀀓􀀛􀀚􀀞􀀆 􀀝􀀆􀀓 􀀜􀀕􀀎􀀓􀀚􀀘􀀙􀀕􀀓􀀎 􀀝􀀋􀀍􀀙􀀞 􀀙􀀕 􀀑􀀋􀀜􀀚 􀀍􀀚􀀙􀀕􀀝 􀀐􀀛􀀕􀀜􀀛􀀘􀀈 􀀞 􀀝􀀜􀀛􀀚􀀙 􀀗􀀜􀀖 􀀕􀀕􀀕􀀞􀀔􀀓􀀗􀀒􀀔􀀑􀀚􀀔􀀐􀀒􀀙􀀚􀀏􀀎􀀑􀀍􀀚􀀗􀀌􀀞􀀓􀀜􀀋 􀀊􀀞 􀀝􀀜􀀓􀀔􀀗􀀎 􀀗􀀉􀀎 􀀊􀀚􀀏􀀞􀀗 􀀉􀀒􀀖􀀐􀀗􀀍 􀀜􀀙􀀌􀀜􀀒􀀑 􀀎􀀈􀀔􀀋 􀀇􀀔􀀍􀀉􀀆􀀜􀀔􀀑􀀇 􀀔􀀙􀀇􀀎􀀙􀀗􀀎􀀑 􀀗􀀉􀀎 􀀕􀀜􀀑􀀇 􀀜􀀑 􀀅􀀉􀀑􀀔􀀍􀀎 􀀚􀀙􀀗􀀜􀀗􀀉􀀎 􀀍􀀎􀀔􀀑􀀓􀀉 􀀄􀀚􀀎􀀐􀀇􀀃 􀀍􀀎􀀐􀀎􀀓􀀗􀀚􀀙􀀛 􀀗􀀉􀀎􀀆􀀎􀀍􀀗 􀀋􀀔􀀗􀀓􀀉􀀞 􀀂􀀞 􀀁 􀀗􀀜􀀅􀀚􀀓 􀁿􀀈􀀙􀀇􀂁 􀀕􀀚􀀐􀀐 􀀇􀀚􀀍􀀅􀀐􀀔􀀌 􀀔􀀐􀀚􀀍􀀗 􀀜􀀄 􀀚􀀙􀀗􀀎􀀛􀀑􀀔􀀗􀀎􀀇 􀀅􀀑􀀜􀀇􀀒􀀓􀀗􀀍􀀗􀀉􀀔􀀗 􀀜􀂍􀀎􀀑 􀀋􀀜􀀑􀀎 􀀕􀀔􀀌􀀍 􀀗􀀜 􀀍􀀗􀀒􀀇􀀌􀀗􀀉􀀎 􀀋􀀔􀀗􀀎􀀑􀀚􀀔􀀐􀀞 􀂏􀀞 􀂐􀀎􀀑􀀎 􀀚􀀍 􀀔􀀙 􀀎􀀈􀀔􀀋􀀅􀀐􀀎 􀀜􀀄 􀀗􀀉􀀎 􀀗􀀜􀀅􀀚􀀓 􀀆􀀖􀀐􀀒􀀓􀀚 􀀅􀀞􀀎􀀓􀀐􀀞􀀇􀀙􀀓􀀞􀀚􀀝􀀄 􀂝􀀚􀀗􀀉􀀚􀀙 􀀗􀀉􀀎 􀀈􀀙􀀇 􀀗􀀉􀀎􀀑􀀎 􀀕􀀚􀀐􀀐 􀀆􀀎 􀀒􀀙􀀐􀀜􀀓 􀀎􀀇 􀀔􀀙􀀇 􀀐􀀜􀀓 􀀎􀀇 􀀅􀀑􀀜􀀇􀀒􀀓􀀗􀀍􀀞􀀃􀀝 􀀚􀀗􀀜􀀒􀀔 􀀆􀀐􀀚􀀔􀀙􀀗􀀓􀀎 􀀔􀀑􀀎 􀀗􀀉􀀎 􀀅􀀑􀀜􀀇􀀒􀀓􀀗􀀍 􀀗􀀉􀀔􀀗 􀀌􀀜􀀒 􀀜􀀕􀀙􀀞 􀀂􀀚􀀗􀀜􀀒􀀔 􀀆􀀐􀀚􀀔􀀙􀀗􀀓􀀎 􀀔􀀑􀀎 􀀅􀀑􀀜􀀇􀀒􀀓􀀗􀀍 􀀗􀀉􀀔􀀗 􀀌􀀜􀀒 􀀇􀀜 􀀙􀀜􀀗 􀀜􀀕􀀙􀀃 􀀔􀀙􀀇 􀀔􀀑􀀎􀀔􀀏􀀔􀀚􀀐􀀔􀀆􀀐􀀎 􀀄􀀜􀀑 􀀅􀀒􀀑􀀓􀀉􀀔􀀍􀀎􀀞 􀀔􀀙􀀌 􀀜􀀄 􀀁􀀓􀀗􀀒􀀔􀀑􀀚􀀔􀀐 􀂀􀀙􀀚􀀏􀀎􀀑􀀍􀀚􀀗􀀌􀂂􀀍 􀀄􀀎􀀔􀀗􀀒􀀑􀀎􀀍 􀀔􀀑􀀎 􀀔􀀐􀀑􀀎􀀔􀀇􀀌 􀀒􀀙􀀐􀀜􀀓 􀀎􀀇􀀕􀀚􀀗􀀉 􀀌􀀜􀀒􀀑 􀀍􀀗􀀒􀀇􀀌 􀀅􀀑􀀜􀀛􀀑􀀔􀀋􀀃 􀀚􀀙􀀓􀀐􀀒􀀇􀀚􀀙􀀛􀀖 􀀁􀀝􀀎􀀓􀀐􀀙􀀗􀀓􀀞􀀚􀀝􀀖 􀁿􀀞􀀔􀀒􀀚􀀎􀂁 􀀆 􀀖􀀝􀀝􀀒􀀐 􀀊􀀚􀀏􀀞􀀗 􀀉􀀒􀀖􀀐􀀗􀀍 􀂍􀀚􀀐􀂏􀀙 􀀖 􀂐 􀂝􀀒 􀀞􀀒􀀌 􀀉􀀍􀀒􀀒􀀓 􀀖􀀜􀀒 􀂀􀀚􀀙􀀐 􀀎􀀓􀀙􀀔􀂀 􀀎􀀒􀀎􀀎􀀞􀀚􀀝 􀂏􀀚􀀐􀀒 􀀒􀂂􀀞􀀗􀀞􀀒􀀝􀀓 􀀌􀀞􀀓􀀍 􀀚􀀙􀀐 􀀆 􀀖􀀝􀀝􀀒􀀐􀂃 􀀞􀀝􀀜􀀛􀀚􀀜􀀙􀀚􀀘 􀀖􀀕􀀜􀀔􀀓􀀜􀀚􀀒􀀔􀀘􀀑 􀀒􀀐 􀀛􀀔􀀏􀀚􀀎􀀓􀀘􀀓 􀀍􀀛􀀕􀀌 􀀕􀀌􀀘 􀀋􀀕􀀎􀀓􀀊 􀀉􀀜􀀔􀀎􀀜􀀚 􀀈􀀐􀀒􀀇􀀐􀀜􀀆 􀀅􀀛􀀓􀀘􀀒 􀀄􀀎􀀔􀀓􀀚􀀘 􀀆􀀐􀀖􀀗􀀓􀀞􀀗􀀒􀀋 􀂄􀀙􀀞􀂅􀀋 􀀊􀀒􀀎􀀓􀀋 􀀆􀀖􀀎􀀎􀂃 􀂗 􀂑􀀃􀂘􀂘􀂘􀂙 􀂖􀀈􀀔􀀋􀂉􀂊􀀗􀀌􀀐􀀎 􀂈􀀑􀀜􀀆􀀐􀀎􀀋􀀍 􀂗 􀂚􀀎􀀗􀀔􀀚􀀐􀀎􀀇 􀂊􀀜􀀐􀀒􀀗􀀚􀀜􀀙􀀍 􀂗 􀀁􀀇􀀔􀀅􀀗􀀚􀀏􀀎 􀂃􀀒􀀚􀂕􀂕􀀎􀀍 􀂗 􀀂 􀀝􀀎􀀔􀀑􀀙􀀚􀀙􀀛 􀀜􀀇􀀎􀀍 􀂗 􀀂 􀂚􀀚􀂍􀀚􀀓􀀒􀀐􀀗􀀌 􀀜􀀇􀀎􀀍 􀂄􀀑􀀎􀀎 􀀕􀀚􀀗􀀉 􀀌􀀜􀀒􀀑 􀀁􀂆􀂋􀂖􀂛 􀀜􀀑 􀀁􀂊􀂌􀀙􀀗􀀎􀀑􀀔􀀓􀀗􀀚􀀏􀀎 􀂊􀀗􀀒􀀇􀀌 􀀔􀀙􀀒􀀔􀀐 􀀁􀀏􀀔􀀚􀀐􀀔􀀆􀀐􀀎 􀀄􀀜􀀑 􀂈􀀃 􀂄 􀀃 􀂄􀀁 􀀃 􀂄􀀁 􀂉􀀝􀀃 􀂄􀀁 􀂉􀂊􀀃 􀀁􀀝􀂋􀀁 􀀃 􀀁􀂊􀂋􀀁 􀀃 􀀁􀂊􀂉􀂌􀀃 􀀁􀂊􀂉􀂌􀂌􀀃 􀂆􀀁􀂊 􀂎􀀃 􀂆􀀁􀂊 􀂑􀂀 􀂒 􀂆􀀁􀂊 􀂑􀂆 􀂈􀀑􀀎􀀅􀀔􀀑􀀎 􀀄􀀜􀀑 􀀌􀀜􀀒􀀑 􀀎􀀈􀀔􀀋 􀀓􀀜􀀙􀀄􀀚􀀇􀀎􀀙􀀗􀀐􀀌 􀀕􀀚􀀗􀀉 􀂓􀂔􀀁􀀝 􀀓􀀒􀀍􀀗􀀜􀀋 􀂈􀀑􀀔􀀓􀀗􀀚􀀓􀀎 􀂊􀀎􀀍􀀍􀀚􀀜􀀙􀀍􀀃 􀂃􀀒􀀚􀂕􀂕􀀎􀀍􀀃 􀂒 􀂊􀀚􀀋􀀒􀀐􀀔􀀗􀀎􀀇 􀂖􀀈􀀔􀀋􀀍 􀂃􀀒􀀚􀀓 􀀐􀀌 􀀔􀀓􀀓􀀎􀀍􀀍 􀀗􀀉􀀎􀂐􀀒􀀆 􀀄􀀜􀀑 􀀔􀀇􀀇􀀚􀀗􀀚􀀜􀀙􀀔􀀐􀀐􀀎􀀔􀀑􀀙􀀚􀀙􀀛􀀞 􀂄􀀐􀀔􀀛 􀀅􀀑􀀜􀀆􀀐􀀎􀀋􀀍 􀀄􀀜􀀑􀀑􀀎􀀏􀀚􀀎􀀕􀀃 􀀑􀀎􀀓􀀜􀀑􀀇􀀙􀀜􀀗􀀎􀀍􀀃 􀀔􀀙􀀇 􀀎􀀋􀀔􀀚􀀐􀀌􀀜􀀒􀀑 􀀅􀀑􀀜􀀄􀀎􀀍􀀍􀀜􀀑􀀞 􀂅􀀚􀀎􀀕 􀀇􀀚􀂍􀀚􀀓􀀒􀀐􀀗􀀌􀀐􀀎􀀏􀀎􀀐􀀞 􀂐􀀎􀀐􀀅􀀄􀀒􀀐 􀀍􀀗􀀑􀀔􀀗􀀎􀀛􀀚􀀎􀀍􀀗􀀜 􀀛􀀎􀀗 􀀌􀀜􀀒 􀀍􀀗􀀔􀀑􀀗􀀎􀀇􀀞 􀂋􀀑􀀔􀀓 􀀌􀀜􀀒􀀑 􀀎􀀈􀀔􀀋 􀀑􀀎􀀔􀀇􀀚􀀙􀀎􀀍􀀍􀀕􀀚􀀗􀀉 􀂓􀂔􀀁􀀝 􀂊􀀓􀀜􀀑􀀎􀂜 􀀁􀀏􀀔􀀚􀀐􀀔􀀆􀀐􀀎 􀀄􀀜􀀑 􀂈􀀃 􀂄 􀀃 􀂄􀀁 􀀃 􀂄􀀁 􀂉􀀝􀀃 􀂄􀀁 􀂉􀂊􀀃 􀀁􀀝􀂋􀀁 􀀃 􀀁􀂊􀂋􀀁 􀀃 􀀁􀂊􀂉􀂌􀀃 􀀁􀂊􀂉􀂌􀂌􀀃 􀂒 􀂆􀀁􀂊 􀂎 􀂆􀂇􀂈􀀂 􀀉􀀗􀀚􀀐􀀒 􀀗􀀑􀀔􀀓 􀀍 􀀌􀀜􀀒􀀑 􀀅􀀎􀀑􀀄􀀜􀀑􀀋􀀔􀀙􀀓􀀎 􀀗􀀉􀀑􀀜􀀒􀀛􀀉 􀂓􀂔􀀁􀀝 􀂈􀀑􀀔􀀓􀀗􀀚􀀓􀀎 􀂊􀀎􀀍􀀍􀀚􀀜􀀙􀀍􀀃 􀂃􀀒􀀚􀂕􀂕􀀎􀀍􀀃􀀔􀀙􀀇 􀂖􀀈􀀔􀀋􀀍􀀃 􀀑􀀎􀀍􀀒􀀐􀀗􀀚􀀙􀀛 􀀚􀀙 􀀔􀀙 􀀔􀀛􀀛􀀑􀀎􀀛􀀔􀀗􀀎 􀀕􀀎􀀚􀀛􀀉􀀗􀀎􀀇 􀀍􀀓􀀜􀀑􀀎 􀀗􀀉􀀔􀀗 􀀛􀀔􀀒􀀛􀀎􀀍 􀀌􀀜􀀒􀀑 􀀎􀀈􀀔􀀋􀀅􀀑􀀎􀀅􀀔􀀑􀀎􀀇􀀙􀀎􀀍􀀍􀀞 􀂞􀀌 􀀋􀀎􀀔􀀍􀀒􀀑􀀚􀀙􀀛 􀀆􀀜􀀗􀀉 􀀌􀀜􀀒􀀑 􀀅􀀎􀀑􀀄􀀜􀀑􀀋􀀔􀀙􀀓􀀎􀀃 􀀔􀀙􀀇 􀀗􀀉􀀎 􀀓􀀜􀀙􀀍􀀚􀀍􀀗􀀎􀀙􀀓􀀌 􀀜􀀄 􀀌􀀜􀀒􀀑 􀀅􀀎􀀑􀀄􀀜􀀑􀀋􀀔􀀙􀀓􀀎􀀃􀂆􀂇􀂈􀀂 􀀉􀀗􀀚􀀐􀀒 􀀅􀀑􀀜􀀇􀀒􀀓􀀎􀀍 􀀔 􀀑􀀎􀀐􀀚􀀔􀀆􀀐􀀎 􀀙􀀒􀀋􀀆􀀎􀀑 􀀗􀀉􀀔􀀗 􀀕􀀚􀀐􀀐 􀀛􀀚􀀏􀀎 􀀌􀀜􀀒 􀀓􀀜􀀙􀀄􀀚􀀇􀀎􀀙􀀓􀀎 􀀚􀀙 􀀌􀀜􀀒􀀑􀀅􀀑􀀎􀀅􀀔􀀑􀀔􀀗􀀚􀀜􀀙 􀀆􀀎􀀄􀀜􀀑􀀎 􀀌􀀜􀀒 􀀍􀀚􀀗 􀀄􀀜􀀑 􀀌􀀜􀀒􀀑 􀀎􀀈􀀔􀀋􀀞 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 􀀂􀀚􀀓􀀛􀀝􀀓􀀎 | 􀁿􀀛􀀒􀀝􀀞􀀞􀀓􀀒􀀒􀀓􀀎 | 􀀂􀀋􀀐􀀍􀀘􀀓􀀝􀀓􀀎 | 􀂁􀀋􀀎􀀓 | 􀀂􀀛􀀝􀀓􀀏􀀋􀀚􀀙􀀓􀀒 | 􀂍􀀜􀀓􀀒􀀝􀀙􀀋􀀕􀀒 | 􀂏􀀝􀀛􀀝􀀜􀀒 | 􀀞􀀝􀀙􀀋􀀕 | Contents 1 Probability Review 1 1. 1 Functions and moments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 1.2 Probability distributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 1.2. 1 Bernoulli distribution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 1.2.2 Uniform distribution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 1.2.3 Exponential distribution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 1.3 Variance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

FAQs

What topics are covered in the Probability Review section?

It covers functions and moments, probability distributions, variance, normal approximation, conditional probability and expectation, and conditional variance.

What does the manual include for long-term insurance?

It provides an introduction to long-term insurance followed by survival models and survival distributions.

Which survival distribution topics are listed in the contents?

The contents include survival distributions by probability functions (with probability and actuarial notation, life tables, and number of survivors), force of mortality, and mortality laws.

Sep 27, 2026

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