Life Insurance Exam Review: Provisions, Options & Riders, Beneficiaries, Accelerated Benefits

I also have a course for the SIE! Course Website:

[thepurposefilledwoman]

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Life Insurance License Exam Notes Pt. 1

Life Insurance Exam Review: Provisions, Options & Riders, Beneficiaries, Accelerated Benefits

Life Insurance Exam Review Pt. 2 Issuing policies, Uses of Life Insurance, Calculating Coverage

Life Insurance Exam Study Notes: Business Life Insurance

[laurahouse]

Thanks 🎉! For all you do !! I passed my life exam today with the help of you and God passed with an 84 no classes just your videos.. thanks again and I really got all concepts

[matthew]

If you notice your views going up, it is because I listened to your videos non stop for the past week. All 3 of them were amazing and this was my favorite one because of all the helpful information. Insurance can get complicated in books, and you broke everything down so it was easier to understand so thank you for being so kind. You helped me pass my Life and Health in Ohio so add one more person to your list. 82% first attempt. Could not have done it without you Tyra.

[bthomas]

The prelicensing program I am required to take is so dry it’s so hard to pay attention to. Your videos are super helpful w retaining and comprehending these terms and provisions.

[hilariestanley]

Thank you so much!!!
I have taken my life producer exam 6 times. Used the study materials from XCEL recommended by my company. Finally my partner recommended YouTube videos. Study for 1 week with you and one other person. Finally passed my UT producer exam yesterday. You’re videos help me so much and I passed with 73.

[ronmoffat]

Thank you for doing these! You're one of the few YouTube tutors helping me learn. PA state test tomorrow!
UPDATE: Passed! Thank you Tyra!!

[indyice]

I passed my exam after 3 weeks of studying/taking my ExamFM course. after the first week, I sought out videos like these and watched them every single day. Like mentioned in this video, I rode around playing this in my car.. no music, no podcast, not much tv, only this for 3 weeks. I wrote all my notes one time and told myself that I would rewrite them everyday but didn't (doing so would definitely help 100x more). instead I took a practice at least twice a day, I didn't end up passing until week 2. by the day before my exam the following week, I had achieved a practice test score of 87% and ended up passing my exam the next day with flying colors! it was honestly easier than the practice tests but I'll give it up to me putting in all the effort that I did.

Using acronyms for everything also helped me. as mentioned in the video, you are given scratch paper to write what ever you want, so I chose to use it for everything lol.. I think some of these were mentioned here, if not, from other videos on YT (I'm just coming back after I passed my exam to try to help whoever takes it). although it may sound funny, to follow is the phrase full of acronyms that I used to remember a lot of different life/health info; doing it in this order was easiest for me in terms of memorization because it always read like a phone number while still making somewhat sense as a sentence.. if that makes sense

B.I.G. F.A.M.O.U.S. C.E.R.M.M.IC.
L.O.C.A.L. S.T.A.R.R. D.I.A.L. C.L.I.F.F. W.E.L.L.S.F
R.E.C. W.A.S.H.
C.R.A.P.P.O W.A.G.C.A.P.A.
M.E.I A.E.I U/L A= ----
B= ^

B.I.G. F.A.M.O.U.S. C.E.R.M.M.IC. = provisions
L.O.C.A.L. = legal contract
S.T.A.R.R. = how to handle risk
D.I.A.L. = term insurance
W.E.L.L.S.F. = whole life insurance
R.E.C. = non-forfeitures
W.A.S.H. = exclusions
C.R.A.P.P.O = dividends
W.A.G.C.A.P.A. = riders
M.E.I = how to determine premium
A.E.I = agent authority
U/L = A = level death benefit B = increasing

Beneficiary designation (life only), Insuring clause, Grace period, Free look period, Assignments (life only), Modifications (life only), Owner's rights (life only), Unused premium, Suicide (life only), Consideration, Entire contract, Reinstatement, Mode, Misstatement of age/gender, Incontestability/Time limit on certain defenses, Common disaster (life only).

Legal competence, Offer, Consideration, Agreement, Legal purpose

Sharing, Transfer, Avoidance Reduction, Retention of risk

Decreasing, Increasing, Annual renewable, Level

Cash, Life income, Interest only, Fixed amount, Fixed period

Whole life/traditional/pure/all the same thing, Endowment, Limited pay, Limited period, Single premium, Family Income+Family Maintenance

Reduced paid up, Extended term, Cash

War/military, Aviation, Suicide, Hazardous occupation

Cash, Reduction of premium, Accumulation of interest, Paid up-addition, Paid up-option, One year term

Wavier of premium, Accidental death, Guaranteed insurability, Cost of living, Accidental death & dismemberment, Payor benefits, Additionally insured.

Mortality, Interest, Expense

Apparent, Implied, Expressed

hope it help! lets all get paid!!

[vera]

Took MY EXAM yesterday and I PASSED. Thank you. I studied the material and also used your videos to refresh my memory.

[chelsey]

I passed my Life and health test today with the help of your videos! The way you break it down is extraordinary thank you for all of your help ! Your doing wonderful work !!

[michaelscott]

Took my Life exam for NC and passed with Ease!! I watched your part 1&2 and this video, this outline provided me with a “Pass” for sure! The video refreshed all necessary info., Thank you Tyra👍🏻

[hkwslrb]

I studied 12 days for the state exam and passed on the first try today! Thank you so much for sharing it helped tremendously!

[merasaisle]

Just coming to say I passed my life insurance exam on Monday and I believe your 2 videos were a big help with comprehending things❤

[aundreathomas]

To pass a life and health insurance exam, you will need to have broad knowledge of insurance concepts, policy types, taxes and federal regulations, not to mention the insurance laws in your state.

[javonfisher]

when I tell you I listen to this the day before my exam and took notes. I passed the first time. If study her material in addition to the required hours of your state on exam fx. You can most definitely pass the first time. you just have to apply yourself. Thanks so much

[tolubooks]

I passed my PA life insurance exam today at one sit, thank you for all your videos they were helpful. More of God’s grace.

[gloriamcdonald]

Thank you so much for sharing. I took my NYS exam today and passed. Your notes, explanations, and patience was very helpful. May God continue to bless you and your purpose!

[MonsitaPin]

I work in the financial industry and I am planning to study for my 215 license. I’m so nervous and apprehensive. It’s been so long since I’ve been in school or studied for an exam. I found your YouTube videos and they are fantastic. Love your style and your generosity of your time sharing your knowledge with others. You are amazing!

[Mikey-clrt]

Ms. Tonya, thank you so much. Took my life insurance exam and passed on the 2nd try. First, I failed with a 66. Today I passed with a 78. Your notes helped soooo much. May you continue to be blessed. Thank you so much

[susanhelfrich]

Please make more videos on this! You are one of the few videos I actually get and can listen to!

[ihuomatuesday]

Omggg you are such a great teacher!!! I have to take my exam this afternoon and I was searching for instructional videos yesterday no real help. I fell on yours this morning and I am so glad I found you 💛. You explain everything so I can envision, understand and remember it. Thank you. Now I'm a little less anxious 😊