As someone who hopes to become a life and/or health insurance agent, you may be nervous about taking the life insurance exam. You may find that a life insurance practice test is very helpful to you when preparing to take this exam.
One of the best ways to prepare for this exam is by answering life insurance practice questions. These questions will help you better understand the concepts that will be tested on the actual exam.
Summary: Use one of the insurance license exam practice tests below to prepare for your upcoming life and health insurance exam.
Life Insurance Practice Test
The best way to study for the life insurance test is to take a free life insurance practice test. By exposing yourself to life insurance test questions you are becoming a more efficient studier and quicker test taker.
What is the Life and Health Insurance Exam?
The life and health insurance exams are for anyone who wants to be able to sell or continue selling life insurance. By passing this exam, the test taker is then licensed to sell life and health insurance in whatever state they live in, but they must renew their licensing every two years.
How Many Questions are on the Life Insurance Exam?
Each state will have a test that has anywhere from 50 to 110 questions for each section in separate tests and 85 to 170 for combined tests. Each section is timed from an hour to just over three hours and combined tests are around two hours. Check the table to see what your state requirement is.
|State||Number of Questions||Time Allotted (minutes)||Test Style|
What Kind of Questions are on the Life and Health Insurance Exam?
While the types of questions vary from state to state, the subject areas covered on each exam will be relatively similar. Here are the topics you can expect to see when you take any life and health insurance exam:
- General insurance (5%)
- LI Basics (7%)
- LI Policies (7%)
- Insurance regulation (5%)
- Policy provisions, options, and riders (8%)
- Qualified plans (4%)
- HI basics (5%)
- Medical plans (8%)
- Individual health insurance policy general provisions (4%)
- Group health insurance (7%)
- Dental insurance (2%)
- Disability income and related insurance (3%)
- Insurance for senior citizens and special needs individuals (8%)
- Health maintenance organizations (3%)
- Annuities (6%)
- Federal tax considerations for life insurance and annuities (5%)
- Federal tax considerations for health insurance (3%)
- Additional considerations for life and health insurance counselors (10%)
Though it doesn’t seem like it from the small percentages, this is everything that will be covered on the life and health insurance exam. There are extensive details in each of the sections listed above, so it is important to properly study for the exam.
Is the Life and Health Insurance Exam Multiple Choice?
Yes, the life and health insurance exam is always a multiple-choice format, typically with four answers per question. This means that if you are struggling to find an answer, you should be able to narrow it down or have a 25% chance of guessing the right answer.
However, the types of multiple-choice questions vary from test to test according to your state. There are three main question types that you will encounter depending on the test.
The first type of multiple-choice question on the life and health insurance exam is a direct multiple-choice question. These are your standard one-question and one-answer multiple-choice questions. For example:
Which element is not necessary for the formation of a valid contract?
- Written document
- Legal purpose
- Competent parties
The second type is fill-in-the-blank multiple-choice questions. These appear a little differently than on other exams by making an open-ended statement that you have to finish with only one correct answer. For example:
Hospital expense coverage is written:
- Only on an indemnity basis
- Only on a service basis
- Only on a valued basis
- On an indemnity basis, a service basis, and a valued basis
- None of the above
The final type of question is “all of the following except”, meaning the majority of the options can all apply to whatever is being asked while one answer won’t apply to the question. That is the one you are expected to pick. For example:
Which of the following is NOT deemed to be a primary factor affecting life and health insurance consumption?
- Market concentration
- Interest rates
How Do I Use a Life Insurance Practice Exam?
Using a life insurance practice test is one of the best ways to study for your state’s life and health insurance exam. The reason this study method helps so well is that practice tests are usually made up of questions that appeared on previous versions of the test.
By utilizing old life insurance test questions, you become a more efficient studier. Not only are you learning what you need to study most by figuring out which areas you may struggle to answer questions correctly, but you also see how the sections are broken up better than by the percentages above.
You can also become a faster test taker by using life insurance sample questions. They help you familiarize yourself with the questions so you can understand what is being asked quicker to be able to answer faster.
With detailed answer explanations, you also learn why an answer is correct rather than just learning the correct answer to help you on questions that are similar but not identical. If you time yourself on the practice exam, you can also emulate the pressure of the time crunch.
Life and Health Insurance Exam FAQs
Are life and health insurance exams the same in different states?
No, the tests vary greatly from state to state. Whether it’s types of questions, length of test, number of questions, or if the test is combined or separate, there are many differences in the life and health insurance exam based on the state you are seeking licensing it.
Are there education requirements for the life and health insurance exam?
Yes, most states require that you take so many hours of insurance-related education before qualifying to take the life and health insurance exam. Again, the hours required will vary depending on the state you want to be licensed in.
What is the application process like for the life and health insurance exam?
After taking insurance-related classes, you must complete a pre-licensing course and exam. Once you have that, you may apply to take the exam, which includes getting fingerprinted and passing a comprehensive background check. Then you can take the life and health insurance exam!