Finance Exams
Life & Health Insurance Exam Prep — 250 Flashcards + Free Mock
250 Life & Health insurance flashcards + 60-question timed practice test (free 25-question version) — provisions, annuities, Medicare.
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8 people have purchased this deck. Recent UniPrep2Go checkout activity — not an official exam board figure.
Exam version & sources
Life and Health Insurance Producer Licensing Exam— what this product is (and isn't)
- Exam version
- Current Life & Health insurance producer exam cycle
- Official source
- NAIC — state insurance regulation
- Last reviewed
- September 21, 2026
- What this covers
- 250 cards — Life & Health insurance producer exam core topics: general principles, life policies, provisions and riders, annuities, health plans, disability and LTC, Medicare, tax, replacement, ethics, and producer duties
- Does not replace
- Independent study aid — it does not replace Your state's insurance-law material and any required pre-licensing education.
Free practice test
Life & Health Insurance Practice Test | 60Q, 25Q Free
Life & Health Insurance knowledge diagnostic — 60-question timed check (free 25-question version) with topic scoring and a readiness report before you buy the deck. It checks what you know; it is not a copy of the official exam format.
Take the free 25-question diagnosticSample cards
A client puts $10,000 into a variable annuity subaccount when the unit value is $20. What are accumulation units, and what changes over time?
During the accumulation period, each purchase payment buys accumulation units of the separate account: $10,000 / $20 = 500 units. The number of units stays the same unless more money is added or withdrawn, but each unit's value rises and falls with the subaccount's investment performance. At annuitization, accumulation units are converted to annuity units.
A policyowner of a $500,000 universal life policy has $80,000 of cash value. What death benefit is paid under Option A versus Option B?
Option A (level) pays the $500,000 face; as cash value grows, the insurer's net amount at risk shrinks, so cost-of-insurance charges are lower. Option B (increasing) pays face plus cash value, $580,000 here, so the net amount at risk stays at $500,000 and the cost-of-insurance charges are higher.
A beneficiary takes a $300,000 death benefit as $33,000 a year for 10 years. How much of each payment is taxable?
$3,000 a year. When death proceeds are paid in installments or held at interest, the principal portion ($300,000 spread over 10 years, or $30,000 a year) stays tax-free, but the interest the insurer adds is taxable as ordinary income.
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Get 250-Card Life & Health Insurance Deck — $29 USDProduct facts
- Cards
- 250
- Coverage
- Life & Health insurance producer exam core topics: general principles, life policies, provisions and riders, annuities, health plans, disability and LTC, Medicare, tax, replacement, ethics, and producer duties
- Format
- .apkg
- Price
- $29 USD
- Checkout
- Gumroad
- Exam cycle
- Current Life & Health insurance producer exam cycle
- Delivery
- Digital download through Gumroad
Coverage by exam topic
| Topic | Exam weight | Cards |
|---|---|---|
| General Insurance Principles | Life & Health topic | High-yield cards |
| Life Insurance Policy Types | Life & Health topic | High-yield cards |
| Policy Provisions, Options, and Riders | Life & Health topic | High-yield cards |
| Annuities | Life & Health topic | High-yield cards |
| Health Insurance Plans and Cost-Sharing | Life & Health topic | High-yield cards |
| Disability Income and Long-Term Care | Life & Health topic | High-yield cards |
| Medicare Basics | Life & Health topic | High-yield cards |
| Tax Treatment, Replacement, Ethics, and Producer Responsibilities | Life & Health topic | High-yield cards |
Exam facts
Life and Health Insurance Producer Licensing Exam
U.S. Life and Health insurance producer licensing exams are state-administered (often via PSI or Pearson VUE). Outlines vary by state; this page summarizes common topic areas and independent UniPrep2Go study products (not official state exam material). There is no single national Life & Health exam — each state sets its own outline, question count, and passing score; state insurance law is tested separately.
- Questions
- Varies by state; commonly 100–150 multiple-choice
- Time
- Varies by state; commonly 2–3 hours
- Passing score
- Varies by state; commonly 70%
- Delivery
- Computer-based at authorized testing centers
- Administered by
- State insurance department (exam vendor varies by state)
Knowledge domains and weights
| Domain | Official weight |
|---|---|
| Health Insurance | Common national-core area — weight varies by state outline |
| Life Insurance Basics | Common national-core area — weight varies by state outline |
| Policy Provisions, Options, and Riders | Common national-core area — weight varies by state outline |
| General Insurance Concepts | Common national-core area — weight varies by state outline |
| Annuities | Common national-core area — weight varies by state outline |
| Taxation and Regulation | Common national-core area — weight varies by state outline |
| Disability and Long-Term Care | Common national-core area — weight varies by state outline |
High-yield facts (commonly tested)
- An insurable interest must exist at the time of application for life insurance on another person.
- Whole life provides permanent coverage with a cash value component; term life provides coverage for a set period.
- The free-look period lets a policyowner cancel within a state-mandated window after delivery.
- Medicare Part A covers hospital insurance; Part B covers medical services; Part D covers prescription drugs.
- HMO plans require use of network providers; PPO plans allow out-of-network care at higher cost sharing.
Common Life and Health Insurance Producer Licensing Exam questions
Straight answers to the questions candidates usually search before buying prep or booking the exam.
What is on the Life and Health insurance license exam?
Typical outlines cover life insurance basics, health insurance, policy provisions, annuities, disability, long-term care, and state regulation — exact weights vary by state.
Is the insurance licensing exam the same in every state?
No. Each state sets its outline, question count, and passing score; verify with your state Department of Insurance before scheduling.
Verify current exam fees, scheduling, and administrative details at www.naic.org. Independent study aid — not official exam material.
More about Life & Health InsuranceStudy tips, positioning, and how this deck compares
Life & Health insurance exam prep
Policy provisions, riders, annuities, Medicare basics, and replacement rules — the Life & Health producer exam staples. Use the free insurance mock for timed practice, then filter Anki to missed topic areas.
Built for: Life & Health insurance license candidates, new insurance producers, career changers entering insurance sales, pre-licensing students, and candidates who want active recall for policy provisions, riders, annuities, health plans, and insurance terminology.
Covers: Life & Health insurance producer exam core topics: general principles, life policies, provisions and riders, annuities, health plans, disability and LTC, Medicare, tax, replacement, ethics, and producer duties.
- Spaced-repetition flashcards
- 250 exam-focused flashcards
- Topic coverage table and samples on this page
- Linked 60-question practice test (free 25-question version)
How this deck compares
250 cards for Life & Health Insurance matches the current life & health insurance producer exam core topics: general principles, life policies, provisions and riders, annuities, health plans, disability and ltc, medicare, tax, replacement, ethics, and producer duties in the coverage table — sized for daily review, not maximum download size. Start with the 60-question Life & Health Insurance practice test (free 25-question version), then drill weak rows from the table.
| Approach | Typical size | Tradeoffs |
|---|---|---|
| Free community decks | 1,000–3,000 |
|
| Budget mega-packs | 1,000+ |
|
| This deck | 250 exam-focused flashcards |
|
Life & Health Insurance study guide
What is inside
Life & Health licensing cards: policy types (term, whole, universal), riders, annuities, group vs individual health, Medicare Parts A–D basics, HIPAA privacy, replacement regulations, and producer licensing duties. Covers national-core Life & Health topics only — add your state's insurance-law material separately.
Plan with the free mock
20 cards/day for four weeks, then the free Life & Health practice test. Give annuities, policy provisions, and Medicare extra passes when your state's outline lists them — weights vary by state. Pair with P&C deck only if pursuing both lines.
Pitfalls this deck targets
Producers confuse replacement notice periods, Medicare eligibility ages, and tax treatment of qualified vs non-qualified plans. Cards state the rule boundary, not generic definitions.
Life and Health Insurance Producer Licensing Exam & product FAQ
What is on the Life and Health insurance license exam?
Typical outlines cover life insurance basics, health insurance, policy provisions, annuities, disability, long-term care, and state regulation — exact weights vary by state.
Is the insurance licensing exam the same in every state?
No. Each state sets its outline, question count, and passing score; verify with your state Department of Insurance before scheduling.
Is there a free Life & Health insurance practice test?
Yes. Take the 60-question timed Life & Health readiness check on UniPrep2Go — your first mock is free, no signup — then drill weak topics with this Anki deck between sittings.
What file format is delivered?
An Anki-compatible .apkg file delivered through Gumroad.
Is this official state insurance exam material?
No. This is an independent study aid and is not affiliated with, endorsed by, or sponsored by any state insurance department or exam provider.
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