What Are Some of the Questions on a Life Insurance Licensing Exam?


Quick Answer

The questions on a life insurance agent licensing exam vary by state, however some sample questions are “Which type of life insurance is considered to be more risky based on its investment component?” and “Which of the following needs to have an insurable interest for an underwriter to issue an insurance policy?” Life insurance agent licensing exams consist of multiple choice and true-or-false questions.

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Most states combine life and health insurance licensing exams into one exam, meaning there are health insurance-related questions on the exam. An example of a practice question on a life and health insurance licensing exam is: “Which of the following is not a form of health insurance?” Another example of a question that relates to health insurance is “When constructing a major medical insurance policy, several criteria must be established, including:” with accompanying answer choices such as “policy deductible,” “maximum out-of-pocket amount,” “elimination period,” “all of the above” and “both A and B only.”

Questions on a life insurance licensing exam generally fall into certain categories. Some of these categories include "general life insurance basics," "insurable interest," "parties and regulations," "types of life insurance policies and individual versus group life insurance," "life insurance application and underwriting," and "selling life insurance, determining coverage needs, issuance and delivery."

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