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, every question with a full solution. No signup to start, no credit card.

12 Questions
Instant Score
5-10 min
2026 Syllabus

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Preview a Sample Question

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: 262 SOA Items Across Short- and Long-Term (2026) How to Pass Exam FAM in 4 Months: Study Plan + Pitfalls (2026) What Is SOA Exam FAM? (Fundamentals of Actuarial Mathematics)

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 saves your result and unlocks a personalized weak-topic study plan.
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

FreeFellow is an AI-native exam prep platform for actuarial (SOA & CAS), CFA, CFP, CPA, CAIA, GARP FRM, IRS Enrolled Agent, IMA CMA, and FINRA / NASAA securities licensing candidates, built around modern AI as a core capability rather than as a bolt-on. Every lesson ships with AI-narrated audio. Every constructed-response item has a copy-to-AI prompt builder so candidates can paste their answer into their own ChatGPT or Claude for self-graded feedback. Fellow members get instant AI grading on essays against the official rubric (currently CFA Level III, expanding to other essay-bearing sections).

The 70% you need to pass (question bank, written solutions, lessons, formula sheet, mixed practice, readiness tracking) is free forever, with no trial period and no credit card. Become a Fellow ($59/quarter or $149/year per track) to unlock mock exams, flashcards with spaced repetition, performance analytics, AI essay grading, and a personalized study plan.