Life Insurance Exam

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Mar 18, 2006 10:28 am

does anybody have any study guide advice for the life insurance exam. i'll be taking it soon and need to find a way to study for it.

Mar 18, 2006 12:07 pm

yea. study hard.

Mar 18, 2006 1:54 pm

You're a moron ezmoney. The guy is asking for help man. Jeeeeeeeeeeeeez

Mar 18, 2006 2:16 pm
derekgaddy:

You're a moron ezmoney. The guy is asking for help man. Jeeeeeeeeeeeeez


Er, to study hard is more advice than you gave.

Mar 19, 2006 1:17 pm

study hard everyday.

Mar 19, 2006 4:13 pm
nyse71:

does anybody have any study guide advice for the life insurance exam. i'll be taking it soon and need to find a way to study for it.


It will be considerable less demanding than what you have already done, assuming you have your 7 & 66.  But remember, the life exam is state specific so unless we are in the same stae you are in, advice from people here, unless it's generic, might not apply.


Study the law portion of the materials closely.  Know the difference in the types of policies.  Understand the parts of the life contract.  Know agency and its meanings.  Check with anyone in your office who may have taken the exam recently and most of all...if you have a live prep class available in your area take it...even if it comes out of your own pocket.  The exam prep folks usually do a great job of helping you do the one thing you care about at this stage...pass the exam.


Hope that helps.

Mar 20, 2006 7:43 pm

FPP is 100% right.  Take one of the exam prep classes.  Most of those group's have a 90%+ pass ratio for their students.  Don't expect to learn a lot about the Life insurance industry, but they will show you how to pass the test.

Mar 21, 2006 3:47 pm

To NSYE71:


Assuming that you already have your Series 7. The Insurance exam is a cakewalk. It was explained to me this way. The Series 7 is like playing in the NFL, while the Insurance Exam is like playing Jr. High football.




Mar 24, 2006 9:23 am

This is a relatively easy exam that requires no more than 2 weeks of study.  You have to find an approved course in your state.  You can either sit in a class or study from a book.  Either way, you take a pre exam.  If you pass the pre exam, you qualify to take the real exam.


Go to your state's licensing site, they will give you more details and tell you exactly what you have to do and which providers are approved to test you.


I used the Dearborn Financial self study guide and passed the first time.

Mar 24, 2006 9:36 am
maybeeeeeeee:

This is a relatively easy exam that requires no more than 2 weeks of study.  You have to find an approved course in your state.  You can either sit in a class or study from a book.  Either way, you take a pre exam.  If you pass the pre exam, you qualify to take the real exam.


Go to your state's licensing site, they will give you more details and tell you exactly what you have to do and which providers are approved to test you.


I used the Dearborn Financial self study guide and passed the first time.



Why do you have to study with an approved study course?  If the exam can be passed without studying anything at all how would that matter?


Are you sure that you have to take a pre-test in all fifty states, plus the District of Columbia, or are you speaking from your limited experience with your state?


Mar 24, 2006 10:19 am
FreedomLvr:

FPP is 100% right.  Take one of the exam prep classes.  Most of those group's have a 90%+ pass ratio for their students.  Don't expect to learn a lot about the Life insurance industry, but they will show you how to pass the test.



Ditto.

Mar 24, 2006 10:20 am

In my State you are required to have 40 hours of classroom study and 12 hours of an ethics course.  This is actual classroom time not a book from Dearborn or other sources although you can get a book and pre-study if you like.   Fortunately (for me) these requirements were not in effect when I was licensed many moons ago.  We attended a class from 8am to Noon and then went next door to take the test while the information was still crammed in our skulls. By 2pm.... ta dah! fingerprinted and licensed. Ready to go inflict ourselves on an unsuspecting public. The licensing was for both life and property and casualty business.  I believe that the designations are separate now.


The life insurance test is nothing at all like the series 7. You cannot compare the two at all.

Apr 21, 2006 11:18 pm

I took the exam in February. AMPset me up with study material from Bisys. It came with general information, Life information, and Health information. It also came with a book for NYS Insurance Law. There were two booklets with two tests for Life and two tests for Health. I read the Life and general section first and then took the life exams. Then I read the health section and took the health exams. The package also came with CDs with practice tests which I took the week before my exam. I also took the NYS mandatory class about 5 days before the exam. My advice would be to take as many practice tests as possible. There are only so many ways you can ask a quesion!! Good Luck

Apr 23, 2006 6:55 pm

Order the materal and look at while driving  to the test site.