How To Pass The Life Insurance Exam
To sell life insurance, there are several paths you can take, but all of them include passing at least one exam. You can earn a life insurance license, which, depending on the state you want to work, can be either be held separately from a health insurance license or together. If you want to sell certain forms of life insurance as part of selling securities, youll need to pass exams from FINRA and NASAA that include other types of investments.
This article shows you the steps to passing the life insurance exam and earning your license.
Have A Study Plan To Pass The Life Insurance Exam
Youll need to devote about 35 to 40 hours of studying if you expect to pass. Cramming is not recommended. Instead, plan to study for the exam over the course of several weeks. Have a realistic plan thats easy for you to stick to, dividing your study time into study sessions that give you plenty of time to absorb material. Setting up a study calendar can help you follow your plan. Astudy package can help you stay on track so you don’t cram at the last minute.
Pass Rates And Recommended Study Time
From what we know, insurance exam pass rates fluctuate considerably by state. Some states publish their pass rates while others do not, making it impossible to offer an accurate national pass rate for any exam. Nevertheless, the passing score for all exams is 70%, and utilizingexam study tools can help you gauge whether or not you are on target to pass on the first try.
The average exam-taker should expect to spend about 35 to 40 hours studying to pass the life and health insurance exam. It is recommended that you do your studying over the course of a few weeks , rather than trying to cram the week of or night before the exam. We recommend spending 2 to 3 days studying after your licensing course to keep the information fresh in your mind.
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Review Your Study Materials
All of the state insurance licensing exams require test-takers to apply their knowledge to real world scenarios. The exams are designed this way to ensure that license holders are prepared to answer real world questions from actual clients.
One of the major benefits of using a pre-license education course to prepare for the life and health insurance license is access to knowledgeable instructors. If you take a live course, you can ask your facilitator to illustrate complex concepts with multiple examples and benefit from their years of practical experience.
Life And Health Insurance Exam
The life and health exam is broken up into two parts, General Knowledge and State Specific.
The general knowledge portion will test your understanding of different policy types and the guidelines that surround them. Things like:
- Types of Policies
The state-specific portion is generally more dry information . Things like dates, names of laws, and dollar amounts will be a part of this portion. We will cover ways to study this in a later section.
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Kaplan University Insurance Review
Best for comprehensive instruction.
Kaplan University has become a popular choice for life insurance exam prep thanks to its thorough study programs and flexible purchasing options that enable you to buy only the materials you want. It offers on-demand courses nationwide and in-person courses in 12 states. Each program comes with dedicated email support and follows the companys tried-and-tested Prepare, Practice, Perform learning strategy. Unfortunately, there are no live online classes, so if youre interested in these courses, you should check out A.D. Banker & Company.
What to Expect
Kaplans in-person courses are easily the most comprehensive in the industry. While most other companies only offer one- to two-day workshops, Kaplans life & health insurance classes run a full four days, leaving you 31 hours to review key concepts, work on practice problems and get your questions answered. If youre only interested in life insurance, you can opt for the shorter, 2.5-day life insurance only course. New classes are starting every few days, so you shouldnt have too much trouble finding one that fits your schedule. In-person courses are currently available in Colorado, Connecticut, Georgia, Illinois, Massachusetts, Michigan, Minnesota, New York, Pennsylvania, Tennessee, Texas and Wisconsin.
Pros and Cons
Kaplan University Details
How To Study For The Insurance Exam
Since the insurance exam is just that, an exam, preparing to take it can be accomplished just like studying for any other exam.
So what is the best way to study for an exam? Its best to let science answer that question. The 8 Science-Based Study Tips is an excellent article on how to study for, and conquer any test. Well borrow some of their points, add some of our own, and customize them for the insurance exam.
When it comes to study materials, be sure that you either get a study book or take a pre-license course from a reputable insurance education company.
For pre-license education products and courses, StateRequirement recommends:Kaplan Education Company
1. Take Enough Time To Study
The number one reason for not passing an exam is not allowing enough time to study.
While cramming may have worked back in high school, this isnt the time to try to learn everything in one night. There is a lot of very specific information on these exams, and 0% of it is common sense information. You cant fake your way through this test. Build yourself a solid base of information before you attempt.
When you learn, you actually create new connections between neurons in your brain. These connections take time and repetition to develop and sustain. If you try to force too much information at once, retaining it for testing time and beyond will be fighting against your anatomy.
2. Take Practice Exams
3. Organize Your Study Space
4. Use Flow Charts And Diagrams
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What If I Fail The Life Insurance Exam
Average passing rates vary by state, but its not uncommon for test takers to fail on their first attempt. If this happens to you, dont worry. You can take it again. Most states will allow you to take the exam a second time whenever you feel ready to try again. If you fail the exam multiple times, you may start running into waiting periods. For example, Alabama mandates that individuals who have failed the life insurance exam twice must wait 90 days before they can try again. And Florida limits its residents to a maximum of five attempts during a rolling 12-month period. Look up the rules for your state on the Department of Insurance website.
When you receive your reports, you should get a score report that breaks down how you did in each of the major subject areas tested on the exam. Let this guide your studies as you go back and review the content before your second attempt. You should look over all the material again, but pay special attention to the areas where you really struggled on your first exam.
When youre ready to try again, you can set up a new appointment with your testing administrator at a time thats convenient for you. You will have to pay the examination fee again, but you wont have to reregister with your state Department of Insurance as long as your prelicensing education certificate of completion is less than a year old.
What Type Of Skills Do I Need
Since insurance agents determine the needs of their clients, excellent analytical skills are a big plus. Insurance agents regularly talk with clients, youll need to be a very skilled communicator. You need to be self-confident and be willing to take the initiative since youll be seeking out new clients.
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Are There Any Other Prompts During The Course
Yes. At three points in the course in the introduction, half-way through the course, and at the end of the course North Carolina requires that students correspond with their instructor. They will encounter the screen below. Students must enter their name, e-mail address, and a question or comment for their course instructor before moving forward in the course.
Do I Need To Take A 2
If you are seeking a Florida 2-15 Health & Life Agent License you will need to take a 60-hour pre-license course with a Study Manual. to review more information about Exam Study Manuals. to order a copy of the Florida Health & Life Study Manual.
Some alternative options are acceptable to meet the prerequisite to applying for a 2-15 Health & Life Agent License. Review the information under Step 2 here for a complete list of options.
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Practice Exams Are Very Helpful
One of the best ways to prepare for the Life and Health exam is by taking practice exams. Our Life and Health practice exams provide you with an accurate assessment of exam readiness and will help identify your strengths and weaknesses.
ExamFX practice exams simulate the state exam experience all to ensure you feel confident on exam day.
How To Pass The Life And Health Insurance Exam
Once you have completed your pre-licensing education course, its time to take the life and health insurance exam. Depending on your state, you may be able to take them in one combined exam or have to register for two separate tests. Your pre-licensing course will go over which exams you can register to take.
Passing all insurance exams is all about preparation. Most states allow a period of around 90 days to take the exam after you complete your course.
The sooner you register for and take the exam, the more fresh the information will be in your mind. Do not wait the full 90 days unless you have scheduling conflicts that prevent an earlier test date.
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What To Bring On Test Day
Each state and testing company will differ slightly on what is required to bring on test day, but the basics are:
- In states where pre-license education is required, a completion form from the education company
You are not allowed to bring your study material, cell phone, wallet, or any other personal effects into the test room. Some test centers have lockers or other storage space where you can keep things while testing.
If you attempt to bring something into the proctoring room and are caught, you will be removed from the testing center and forfeit your testing fee.
Dont try to cheat, its not worth the risk.
Scheduling Your Insurance Exams
In most states, you will need to schedule a date and time to attempt your exam. This scheduling will either be done over the phone or on the website of whichever entity is in charge of testing for your state.
Third-party testing companies, like Pearson Vue and Prometric, handle most states, but some states use either different third-party companies or manage their own testing in-house.
There are several states that do not allow same-day scheduling for testing. This means that you will need to plan ahead for the date that you will be attempting the test. This also means that if you dont pass the exam, you cant take the test again that day. Sometimes even the next day.
We think the same-day scheduling rule is a good one, as it gives you a true opportunity to reflect on your studies if you dont pass on the first attempt.
StateRequirement recommends that you schedule your exam two to three weeks in advance after you get your study materials or start your pre-license course. This will allow you enough time to properly study and prepare for the exam without having too much time to psych yourself out.
Test-taking is a mental game, and you should do everything that you can to put yourself in the right headspace.
One other element that we suggest is that you only study and schedule for one exam at a time.
These tests are not just blow-off exams and can be very data-intensive. It is easy to misremember facts like: you have 30 days for one type of policy, and 35 for another.
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How Do I Qualify For A 2
For a complete list of steps on how to obtain a 2-15 Health & Life Agent License .
One of the first steps is to complete a 60-hour pre-licensing course, which we offer. Next, you must submit and complete an application for the license which can be made online here. You must also submit the application’s associated fees.
Frequent Study Breaks Are Good
Researchers have found the best way to study is in relativity short blocks of time. Shorter blocks of focused study will help improve comprehension and increase long-term retention of the material. Take frequent breaks: a walk, a snack, or something to take your mind off the books.
Studying for an exam can be stressful. Dont fall victim to burnout – it could put your hard work in jeopardy. ExamFX courses are self-paced, allowing candidates to study at times that work best for them.
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Continuing Education Course Look Up
Approved programs sponsored by various organizations that are open to all agents and held in the Nebraska area. Included within this listing are the Independent Study, National courses , College and University Courses and a comprehensive company listing.
Please note- Providers are no longer required to submit offering dates/locations to our department. When searching for classroom courses select course categories and method only. You will then need to contact the provider directly or view their website for local offerings.
Annuity Suitability Best Interest Training Requirements
Any insurance producer who holds a life insurance line or a limited line funeral insurance license, who desires to solicit the sale of annuity products shall complete, a one-time four-credit annuity training course approved by the Nebraska Department of Insurance and provided by a Nebraska-approved continuing education provider.
To search for approved annuity courses in Nebraska please go to Continuing Education Course Lookup and select Annuity as the Course Group
Long-Term Care Partnership Training Requirements
Health licensees who wish to sell, solicit or negotiate Long-Term Care Insurance are required to complete a one-time 8 hour training course followed by an ongoing 4 hour refresher course during each 24 month period thereafter. CB-114 for further details. View Bulletin More on Long-Term Care Partnership
Flood Training Requirements
How Do These Courses Help Me Understand All Of The Information
There is a lot of information to go over, and in addition to providing the material in as clear a manner as possible, there are other techniques in these courses to help you understand and retain the information. Throughout both courses, there are segments of audio narration as well as “hidden hints” that you may click in to help better understand the concepts being presented. There are also quizzes at the end of each lesson to familiarize you with the concepts from each section and help prepare you for the final exam.
How To Pass A Life Insurance Exam
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Passing a life insurance exam is an attainable goal if you take the necessary steps to get ready for it. Devote ample time to studying and understanding the relevant concepts before you make an exam appointment. Be sure to visit your state’s department of insurance website to get information on exam fees, pre-exam requirements, and the length of your exam. Preparing for the exam will be a lot of work, but you will reap great rewards by passing it.
Know The Exam Process
Not knowing what to expect on exam day can trip up students who are otherwise well prepared. The testing center can feel a little intimidating, so its good to have an idea of what will happen so you arent caught off guard. You should expect to put all of your belongings in a locker before you get assigned to a testing cubicle. When you get to your assigned test spot, an employee will explain the expected conduct to you. They are very alert to any suspicious signs of cheating, so be sure to follow their directions carefully. Learn more about the exam process here.The life and health insurance exam can be challenging however, you can pass on your first try by following these recommendations. Be sure to check out this video from Kaplans insurance experts, Julie Ramsey and Mary Orn, with moreinsurance licensing exam study tips.
If you are interested in Life and Health insurance exam prepfrom Kaplan, you can choose from our exam prep options here. We have a study package for every type of learner!
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Commit To A Study Program With An Ad Banker Roadmap
Before starting any new program of study, you need a plan that is easy to follow. This plan should keep you focused and allow you to stay on track. The A.D. Banker Road Maps are study plans designed to do just that by recommending daily assignments and are provided in a checklist format. The Road Maps are available in 5, 7, and 14-day programs of study that will help to avoid procrastination and motivate you to complete the program on time!
Check out the study plans we have put together to help you through your course: