Free SOA Exam FAM (Fundamentals of Actuarial Mathematics) Diagnostic Quiz

Take this free 12-question Exam FAM sample quiz to benchmark your readiness. You get an instant readiness score and a weak-topic breakdown, like a mini practice test. No signup to start, no credit card.

12 questions 5-10 min Instant score 2026 syllabus
Your diagnostic

What the questions look like

Every question in the free Exam FAM bank carries a full worked solution. Here is one from the pool:

Question 1 Medium
Which of the following statements about TVaR is FALSE?
Solution
B is correct.

TVaR0=E[X]\text{TVaR}_0 = E[X], while VaR0\text{VaR}_0 is the minimum possible value (often 0 for loss distributions). Since E[X]E[X] generally does not equal the minimum, the statement that TVaR at level p=0p = 0 equals VaR at level p=0p = 0 is false.

Guides & Articles

Free Exam FAM Sample Questions: 268 SOA Items Across Short- and Long-Term (2026) Which Actuarial Exam Should You Take First? (2026 Order Guide) SOA Exam FAM Explained: 34 Questions, 57% Pass Rate, Short vs Long-Term (2026) How to Pass Exam FAM in 4 Months: Study Plan + Pitfalls (2026)

Frequently Asked Questions

Is the Exam FAM diagnostic quiz free?
Yes. The Exam FAM diagnostic is a free 12-question sample quiz with instant scoring. You can take it with no signup and no credit card. Creating a free account lets you keep practicing with worked solutions and preview a study plan aimed at your weak topics.
How long is the Exam FAM diagnostic quiz?
The diagnostic is 12 questions and takes about 5 to 10 minutes. You get instant feedback on each question, then a readiness score with a topic-by-topic breakdown at the end.
Does the Exam FAM diagnostic predict whether I will pass?
It gives you a starting readiness estimate and shows your weakest topics. It is a benchmark to focus your studying, not a pass guarantee. The readiness score sharpens as you practice more of the free Exam FAM question bank.
What is the difference between the diagnostic quiz and a full practice test?
The diagnostic is a short 12-question sample quiz that maps your strengths and weaknesses quickly. For full-length practice, FreeFellow has the entire Exam FAM question bank free, plus timed mock exams in the Fellow tier.

About FreeFellow

Jeffrey Ting, founder of FreeFellow
Jeffrey Ting
FSA, CFA · Founder

FreeFellow was built by Jeffrey Ting, a credentialed actuary and CFA charterholder who has passed thirteen of the hardest exams in finance, all on his first attempt. He paid four-figure prep fees along the way.

So he started writing his own questions, then lessons, then mock exams, until it grew into a full prep platform covering 40 exams with more than 45,000 original practice questions.

01
Cost shouldn't decide who gets in.

A CFA charter, a CPA license, an actuarial credential. Each opens a real career, but prep fees add to the cost of getting there. FreeFellow keeps its original question bank and written lessons free so you can study even if a paid course is out of reach.

02
Free should mean free.

The original question bank, the worked solutions, the topic lessons, mixed practice, and your readiness score stay free, forever. Full access needs a free account, and practice usage limits apply. Fellow adds AI grading on supported exams, spaced-repetition flashcards, full-length mock exams, analytics, and a study plan that adapts to your progress.

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