How to Pass a Life Insurance Exam (with Pictures)

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Step 4: Observe the State Examination Define

The state define for the examination has a listing of the matters that shall be coated and the way they’re weighted. These are the life insurance coverage matters you’re most certainly to be examined on:

  • Life insurance coverage normal data
  • Life insurance coverage insurance policies
  • Coverage riders and choices in life insurance coverage protection
  • Life insurance coverage tax points
  • Annuities
  • Annuity coverage tax points

If you’re taking a mixed examination, there shall be medical insurance matters as properly. The examination define additionally tells you the variety of questions included in every part of the examination. You must think about the sections with probably the most questions and the matters with probably the most weights so that you just grasp what’s most vital first. You’ve gotten a greater likelihood of success when you comply with that plan.

As soon as I move, how do I am going about getting my Texas Life and Medical insurance license?

The TDI will subject an insurance coverage license to people who:

• Are a minimum of eighteen (18) years outdated• Have handed the correct licensing examination (if required) and submit a accomplished software inside twelve (12) months after the examination is handed• Submit a accomplished software with payment, and fingerprint receipt• Met all relevant license necessities• Haven’t dedicated an act for which a license could also be denied, as outlined underneath §4005.101 of the Texas Insurance coverage Code and §1.502 of 28 Texas Administrative Code

You may apply electronically to your license as directed at after you’ve handed the examination. As talked about above, your examination rating report is just legitimate for 12 months from the date of issuance. Should you don’t apply to your license inside 12 months, the licensing examination should be taken once more.

When will I do know if I handed?

Relying on the state, you could possibly know as quickly because the take a look at is over.

So you get by way of this? What’s one of the best ways to arrange? The place can I discover a best-in-class examine information?

Mometrix has a variety of instruments that may assist you to examine for the Life & Well being Examination.

Our complete examine information has been researched by a workforce of execs with years of expertise serving to educators put together for exams similar to this one. The information supplies specifics on sort out the questions you’ll be requested. And, when you’re anxious in any respect about shopping for the information, don’t fear. We provide a 100% risk-free, money-back assure.

Our giant, easy-to-read flashcards assist you to study by way of repetition, and the questions cowl each content material space of the examination. Not solely that, the playing cards make it simple for a pal or relative to assist quiz you on the questions you’ll must know to move the Life & Well being Examination.

Follow Exams Are Very Useful

The most effective methods to arrange for the Life and Well being examination is by taking observe exams. Our Life and Health practice exams give you an correct evaluation of ‘examination readiness’ and can assist establish your strengths and weaknesses.

ExamFX observe exams simulate the state examination expertise – all to make sure you really feel assured on examination day.

Together with observe exams, we additionally supply a Life and Well being examination study guide, flash cards, and a tip sheet.

What kind of preparation is required to take the Life and Well being Insurance coverage Examination?

You must get a high-quality, skilled examine information, just like the one right here. A examine information just like the one we offer is a key to success.

Step 7: Keep Calm and Take the Examination

Listed here are some ideas for deal with questions on the examination:

  • Learn every query fastidiously and totally earlier than answering it. Most questions could have plenty of element and qualifying data in them. Attempt to focus solely on the data within the query and keep away from making assumptions simply to fill in the blanks.
  • Discover the questions the reply to and reply them first. If you end up caught, transfer on and are available again to it later.
  • Don’t go away any questions clean. Guessing the reply nonetheless offers you a 25% likelihood of getting it proper. And, Should you can remove any of the multiple-choice choices that to be incorrect, you’ll have any even higher likelihood at guessing the right reply.

When you full the examination, you’re going to get the outcomes. Should you move, you’ll obtain directions on apply to your license with the state. You’ll have to attend a number of days for the testing heart to report that you just handed earlier than you may apply for your license. Should you fail, you’re going to get a diagnostic report so what areas to concentrate on the following time.

What’s on the Life Insurance coverage Examination?

Whereas the life insurance coverage examination is state-specific, there may be plenty of content material that’s examined in all fifty states. The life insurance coverage license examination is commonly divided right into a normal life insurance coverage part and a state-specific part. You may construction your learning to cowl the entire matters included in your state’s content material define. Many states cowl this stuff.

Life Insurance coverage Examination Content material Define

  • Varieties of Life Insurance coverage
  • Annuities
  • Coverage Provisions, Choices, and Different Options
  • Normal Life Insurance coverage Subjects
  • State Part

Varieties of Life Insurance coverage

Various kinds of life insurance coverage embody the time period, entire life, endowments, premium variations, common life, and mixture insurance policies. Inside every kind of insurance coverage, you need to perceive the final construction, options, and when that kind of coverage is beneficial. Pattern objects from the North Carolina life insurance exam content outline embody:

I. Varieties of particular person life insurance coverage

A. Time period 

1. Normal nature 

2. Primary varieties of time period contracts 

3. Particular options 

a. Renewability 

b. Convertibility

B. Complete life insurance coverage 

C. Endowment

The content material define continues to incorporate extra testable data, however this provides you an thought of how in-depth every part goes.


You will have to know the essential contract construction of an annuity. On this part of the take a look at, count on to see questions on organising an annuity-based life insurance coverage coverage, how advantages are decided, and when advantages are paid. The Illinois life insurance exam content outline covers:

D. Annuities 

1. Single and versatile premium

2. Rapid and deferred

3. Mounted and variable

4. Listed

Coverage Riders, Provisions, Choices, and Different Options

This part covers how life insurance coverage coverage contracts are structured, provisions that apply in sure circumstances (ex. suicide, misstatement of age, aviation, struggle, and so on…), designate a beneficiary, and the various kinds of beneficiaries. Additionally, you will be requested about money worth and loans in opposition to a life insurance coverage coverage. The Colorado life insurance exam content outline lists the next as a pattern of testable objects:

II. Coverage riders, provisions, choices, and exclusions

A. Coverage riders 

1. Waiver of premium and waiver of month-to-month deduction 

2. Assured insurability 

3. Payor profit 

4. Unintended loss of life and/or unintended loss of life and dismemberment 

5. Time period riders 

6. Different insureds 

7. Long run care 

8. Return of premium

Normal Life Insurance coverage Subjects

The ultimate part of the final life insurance coverage content material on the take a look at covers a wide range of matters that don’t fairly match underneath the opposite sections. These embody group contracts, underwriting, and conversion, retirement plans, social safety, tax implications of life insurance coverage payouts, and authorized ideas as they apply to life insurance coverage contracts.

State Part

Nearly all of the state-specific part assessments your data of your state’s guidelines and rules. These can embody necessities for contract language, disclosures, and guidelines that pertain to the life insurance coverage coverage itself. It additionally covers licensing necessities for you, because the life insurance coverage agent, in addition to brokers, restricted representatives, and adjusters. You might also be requested about continuing education requirements and accessible skilled organizations in your state.

Schedule Your Examination

Your examination shall be administered by one of many three nationwide testing facilities, Prometric, PSI, or Pearson VUE. Go to the state prelicensing requirement page to search out your state’s testing supplier and develop into accustomed to testing insurance policies and procedures. Schedule your examination early for the most effective collection of occasions and areas.

How To Move Your Insurance coverage Exams on the First Attempt

Now that you just perceive what is critical to earn and hold a life and medical insurance license, how do you go about tackling the examination? The aim for anybody taking a life and medical insurance license examination is to move it on the primary strive, however that doesn't at all times occur. People that fail to move it on the primary strive probably didn’t put together properly or acquire an intensive understanding of what was forward of them on the examination. Let's take a look at the format of the examination, in addition to some ideas and tips on put together efficiently.

Format of the life and medical insurance examination

The beauty of every state's life and medical insurance examination is you may select a date and time. Scheduling choices shall be depending on the state’s division of insurance coverage.

All testing takes place on a pc, however you received't want any specialised laptop abilities to move the examination. As soon as you agree in for the take a look at, you may count on between 100 to 150 multiple-choice questions. Once more, the questions will rely in your specific state. Assessments that mix life and medical insurance are inclined to run a bit longer.

Passing rating and passing charge

To move every state life and medical insurance examination, it’s good to earn a rating of 70% or larger. A rating of 70 is pretty much as good as an ideal rating of 100 on the subject of incomes a license. Should you rating under a 70, although, you'll must take the examination once more. 

The passing charge will differ relying on the take a look at you’re taking and the state you’re inside. The Nationwide Affiliation of Insurance coverage Commissioners (NAIC) publishes knowledge on pass rates by exam and by state. Typically talking, the move charge for all times and medical insurance exams hovers round 60% to 70%. 

The examine recipe for achievement

The perfect technique is to be formulaic in your method to learning for the life and medical insurance examination. Most brokers is not going to succeed if they only learn a e-book, solely work on questions, or attempt to cram all data in on the finish. As an alternative, be rather more deliberate in your method. 

The perfect method to passing your life and medical insurance license examination on the primary strive is to check, observe questions, consider, and repeat.

  • Research: There are numerous other ways you may examine and put together your self for every state life and medical insurance examination. Prep programs can be found, in addition to a collection of examine books that come full with observe questions. No matter technique you go together with, you should definitely learn and devour as a lot data as doable.
  • Follow questions: With new data, it’s time to see the way you apply it to the questions on the examination. Follow query banks shall be accessible by way of prep programs, in addition to with examine guides for every state’s examination. Taking observe questions primarily based on every examination subject might help you see how properly you're retaining data.
  • Consider: Are there particular areas of the life and medical insurance examination matters the place you’re sturdy? Are there areas the place you're nonetheless weak? Consider the outcomes of your learning and observe questions to find out the place it’s good to additional hone your abilities and data.
  • Repeat: Now that your weak areas, concentrate on them with extra learning and additional observe questions till you see enchancment.

Resolve on a goal date and full a observe examination

Resolve on a goal date to your examination. The flexibleness that states supply lets you set a date and put together it in a manner that works for you. Most people will take between 35 to 40 hours to totally put together for his or her examination. The size of time it’s good to put together will rely upon what number of hours every day you may commit. It's doable to schedule the examination two weeks out and get your self prepared when you can commit the examine hours. Should you're working a full-time job and produce other commitments, although, it’s possible you’ll want extra time.

While you resolve in your goal date, attempt to take a observe examination or two earlier than the take a look at date. Try to simulate the testing setting as a lot as doable, placing your self within the mindset of how it will likely be on take a look at day. Taking observe assessments may also allow you to achieve confidence and handle any lingering drawback areas.

Extra FREE Insurance coverage Examination Prep Movies:

We additionally submit insurance coverage examination prep movies on our YouTube web page to assist these folks which will want some extra assist whereas learning for his or her Texas Life & Well being license. You’ll find our web page here and see some pattern under: