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Key Facts: FLMI Exam
10
Courses Required
LOMA designation roadmap
60
Questions Per Proctored Exam
FLMI course/exam roadmap
70%
Passing Score
Per course exam
90%
2025 Average Pass Ratio
LOMA pass-rates page
$4,250
Approx. Member Path Cost
2026 fee schedule
196 hrs
Published Course Hours
Sum of official course durations
FLMI is not a single licensing exam. It is a 10-course professional designation administered by LOMA. Official English proctored FLMI exams use 60 multiple-choice questions in 120 minutes with a 70% passing standard, and LOMA reported a 90% average FLMI pass ratio for 2025. The 2026 North America fee schedule prices the program at $385-$435 per course for members and $770-$870 per course for nonmembers, putting the full path at about $4,250 or $8,500 before surcharges and extension fees.
About the FLMI Exam
The FLMI designation is LOMA's flagship life-insurance operations credential. It requires 10 course credits spanning insurance products, insurer operations, accounting and finance, law and regulation, marketing, organization management, investments, and product development.
Assessment
10 required course credits; official English proctored versions use 60-question, 120-minute exams, and several courses also offer self-proctored equivalents
Time Limit
2 hours per proctored course exam
Passing Score
70% per course exam
Exam Fee
$385-$435 member / $770-$870 nonmember per course (LOMA / LL Global)
FLMI Exam Content Outline
Insurance Fundamentals & Products
Risk, insurance principles, life products, annuities, ownership rights, and benefits. Practice weighting inferred from LOMA 280 in the official 10-course roadmap.
Operations & Administration
Insurer workflows, underwriting, new business, policy administration, claims, and customer service. Practice weighting inferred from LOMA 290 and 301.
Management Accounting & Finance
Planning, control, budgeting, cost behavior, financial statements, capital, and performance analysis. Practice weighting inferred from LOMA 307 and 361.
Insurance Law & Regulation
Contract law, agency, torts, market conduct, privacy, AML, and compliance controls. Practice weighting inferred from LOMA 311.
Marketing & Distribution
Segmentation, value propositions, distribution systems, producer management, and retention. Practice weighting inferred from LOMA 320.
Organization Management
Leadership, structure, people management, operational excellence, and continuous improvement. Practice weighting inferred from LOMA 335.
Investments & Asset Management
Investment objectives, asset classes, portfolio basics, and asset-liability management. Practice weighting inferred from LOMA 357.
Risk Management & Product Development
Enterprise risk, product design, pricing, launch governance, and post-launch monitoring. Practice weighting inferred from LOMA 371.
How to Pass the FLMI Exam
What You Need to Know
- Passing score: 70% per course exam
- Assessment: 10 required course credits; official English proctored versions use 60-question, 120-minute exams, and several courses also offer self-proctored equivalents
- Time limit: 2 hours per proctored course exam
- Exam fee: $385-$435 member / $770-$870 nonmember per course
Keys to Passing
- Complete 500+ practice questions
- Score 80%+ consistently before scheduling
- Focus on highest-weighted sections
- Use our AI tutor for tough concepts
FLMI Study Tips from Top Performers
Frequently Asked Questions
Is FLMI one exam or a full designation program?
FLMI is a full professional designation, not a single licensing exam. LOMA's official pathway requires 10 course credits across FLMI Level 1, ALMI-level core courses, and advanced fellowship courses. Candidates complete each course exam separately and earn the full designation after finishing the required sequence.
What is the official FLMI exam format?
LOMA's official English proctored FLMI exams use 60 multiple-choice questions with a 120-minute time limit and a 70% passing score. Several courses also have self-proctored equivalents, but the program is still organized as 10 separate course completions rather than one comprehensive final exam.
How much does FLMI cost in 2026?
LOMA's 2026 North America fee schedule lists LOMA 280/281 and 290/291 at $385 for members and $770 for nonmembers, while LOMA 301/302, 307/308, 311, 320/321, 335, 357, 361, and 371 are $435 for members and $870 for nonmembers. That puts the full 10-course path at about $4,250 for member pricing or $8,500 for nonmember pricing before any Canada surcharge or extension fees.
What are the official FLMI content areas?
LOMA organizes the FLMI path around insurance products and principles, insurer operations, accounting and finance, law and regulation, marketing and distribution, organization management, investments, and product development. Because LOMA does not publish one master section-weighting blueprint for a single FLMI exam, this practice bank weights those areas based on the number of required courses in the official roadmap.
How hard is the FLMI program?
The FLMI program is moderate in difficulty for industry professionals because the exams are course-based and focused, but the full designation covers a wide range of operational and business topics. LOMA's public pass-rates page reports a 90% average FLMI pass ratio for 2025, with lower pass ratios in some core courses such as LOMA 280, 301, and 307 than in later specialty courses.
How long does FLMI usually take to complete?
A reasonable planning range is 6 to 12 months for a focused candidate and often longer for working professionals pacing one course at a time. The official course pages add up to roughly 196 learning hours across the 10-course path before you factor in review, note consolidation, and practice testing.
Were there any FLMI-specific 2026 regulatory changes?
As of March 12, 2026, LOMA had not posted a new FLMI exam blueprint, pass-standard change, or designation-policy revision specific to 2026. Relevant industry developments on LIMRA/LOMA pages include stronger insurance-sector AI governance activity around the AIRE framework and possible future AG-49 illustration changes for indexed universal life, which are most relevant to FLMI law/compliance and product-development study areas.