Life and Disability
Life, Accident and Health
Life Agent
These are 3 ways of saying the same thing.
To get your license you will have to pass an exam with usually 70% in most states. Don’t take the exam lightly. Your exam will ask questions that are filled with new terminology uses a lot of double negatives which makes some topics that you’ve studied almost unrecognizable.
Keep in mind that the exam is passable. You just have to put in the time and energy to study.
Each state may have a variance in how many questions will be applied to each section.
Here are the topics to be familiar with:
Insurance rules and regulations
Types of Insurers
Types of Licenses
Insurance Terms and Definitions
Classes of Life insurance policies
Term Insurance Types
Permanent Life Insurance Policy Types, such as:
Whole Life/Current Assumption Whole Life
Modified Life/Graded Premium Life
Adjustable Life
Universal Life/Indexed Universal Life
Variable Life/Variable Universal Life Insurance
Endowment Contracts
Family Protection Policies/Family Policies
Family Income Policy/Family Maintenance Policy
Joint Life Policies/Survivorship Life Policies
Modified Endowment Contract
Policy Riders
Policy Options
Dividend
Settlement
Non-Forfeiture
Conditions/Provisions
Retirement Plans
Employee Retirement Income Security Act (ERISA)
Annuities
Fixed/Indexed/Variable
Guaranty Association
Group Life and Health Plans and Provisions
Health insurance policies and provisions
Basic Medical
Major Medical
Comprehensive Major Medical
Limited Health Plans
Health Maintenance Organizations
Preferred Provider Organizations
Exclusive Provider Organizations
Senior Health Plans
Social Security Benefits
Long Term Care
Government Health Plans/Medicaid
Disability Income
Franchise Health Plans
Blanket Insurance
Multiple Employer Trust
Multiple Employer Welfare Arrangements
Insurance Guaranty Association
Patient Protection Affordable Care Act (PPACA)
Pre-Existing Conditions Plan (PCIP)
Access to Infants and Mothers (AIM)
Healthy Families Program
Medical Loss Ratio (MLR)
Pregnancy Discrimination Act (PDA)
Americans with Disabilities Act (ADA)
Family Medical Leave Act (FMLA)
Consolidated Omnibus Reconciliation Act (COBRA)
Omnibus Budget Reconciliation Act (OBRA)