Key Takeaways
- The guide covers nationwide general knowledge for Life and Health licensing.
- State-specific laws are not included and must be studied separately.
- Life insurance topics include policy types, riders, underwriting, and taxation.
- Health insurance topics include medical plans, disability, LTC, and government programs.
- Expect a 100-150 question multiple-choice exam with about a 70% passing score.
Welcome to Life & Health Insurance Exam Prep
Quick Answer: The Life & Health Insurance exam is typically 100-150 multiple-choice questions with about a 70% passing score (varies by state). It covers life insurance (term, whole, universal, variable, annuities) and health insurance (medical, disability, LTC, Medicare/Medicaid). Each state administers its own exam with state-specific content. You'll need pre-licensing education (varies by state) before testing.
This comprehensive study guide covers the nationwide general knowledge required for Life & Health Insurance licensing exams across the United States.
Important Disclaimer
State-Specific Content Not Included: This study guide focuses on general insurance principles, product knowledge, and federal regulations that apply nationwide. Each state has its own insurance department with unique laws, regulations, and requirements. You must supplement this material with your state's specific content before taking your licensing exam.
What This Exam Covers
The Life & Health Insurance exam tests your knowledge across two major areas:
Life Insurance
- Types of life insurance policies (term, whole, universal, variable)
- Annuities and retirement products
- Policy provisions, options, and riders
- Underwriting and policy delivery
- Group life insurance
- Taxation of life insurance and annuities
Health Insurance
- Medical expense and managed care plans
- Disability income insurance
- Long-term care insurance
- Medicare, Medicaid, and government programs
- The Affordable Care Act (ACA)
- Group health insurance and COBRA
Exam Format
| Component | Details |
|---|---|
| Questions | 100-150 (varies by state) |
| Duration | 2-3 hours |
| Passing Score | Typically 70% |
| Format | Multiple choice |
| National Pass Rate | ~63% combined |
Study Tips
- Master the fundamentals first - Understand basic insurance concepts before diving into specific products
- Know the differences - Be able to compare similar products (term vs. whole life, HMO vs. PPO)
- Focus on policy provisions - These are heavily tested
- Understand taxation - Know which benefits are taxable and which are tax-free
- Learn the regulations - Unfair trade practices and ethics are always on the exam
How This Guide Is Organized
| Part | Chapters | Topics |
|---|---|---|
| 1 | 1-3 | Insurance Fundamentals |
| 2 | 4-13 | Life Insurance |
| 3 | 14-16 | Annuities |
| 4 | 17-19 | Life Insurance & Annuity Taxation |
| 5 | 20-23 | Health Insurance Basics |
| 6 | 24-26 | Specialized Health Products |
| 7 | 27-29 | Government Health Programs |
| 8 | 30 | The Affordable Care Act |
| 9 | 31 | Health Insurance Taxation |
| 10 | 32-35 | Insurance Regulations & Ethics |
Let's begin your journey to becoming a licensed Life & Health Insurance professional!