PASS the Life Insurance Exam | Complete Basics Breakdown

Описание: Studying for your Life & Health insurance licensing exam? This video covers the Life Insurance Basics section — one of the most heavily tested portions of the exam (often 20–25%).

📥 Download the Matching Workbook

Follow along, take notes, and test yourself as you watch:

👉 Download the Life Insurance Basics Workbook Here:
https://www.fastpassuniversity.co/sho...

(Print it or use it digitally to get the most out of this lesson.)

In this full breakdown, we go step-by-step through what you actually need to understand — not just memorize — to pass your exam confidently.

🎯 In This Video, You’ll Learn:

✔ Insurable Interest – when it must exist (and the most missed exam trap)
✔ Personal uses of life insurance (survivor protection, estate creation, liquidity)
✔ Business uses (buy-sell funding, key person, executive bonus plans)
✔ Policy classifications (term vs permanent, group vs individual, participating vs nonparticipating)
✔ Variable products & securities regulation (SEC + FINRA requirements)
✔ How premiums are calculated (mortality, interest, expenses)
✔ Underwriting & risk classifications (preferred, standard, substandard)
✔ Policy replacement basics
✔ MIB and medical underwriting concepts
✔ Practice quiz + answer explanations

This lesson is designed to help you:

• Understand how exam questions are written
• Avoid common traps and trick wording
• Master key definitions and trigger words
• Walk into exam day confident and prepared

🎓 Continue Your Exam Prep

▶ Life Insurance Policies & Riders (Next Video)
👉 COMING SOON

▶ Full Life & Health 100-Question Practice Exam
👉 https://www.fastpassuniversity.co/sho...

📌 Study Tip

You don’t need a perfect score — you need pattern recognition.

Focus on:

Timing of insurable interest

Premium calculation formula

Policy differences

Variable product regulation

Risk classification impacts

Master those and you’re ahead of most test takers.

⚖ Disclaimer

This content is for educational exam preparation purposes only.
Not affiliated with or endorsed by any state insurance department or testing provider.

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