Preparing for the life insurance exam requires focus, dedication, and a clear plan. That’s why we’ve created a six-week study guide that maximizes the use of our study guides, practice tests, and video resources. If you’ve wondered “how long do I study for”? know that you are not alone.
Our six-week study schedule breaks down everything you need into manageable pieces. By the time exam day comes, you’ll be ready to go.
Our Plan for How Long to Study for the Life Insurance Exam
Objective: Lay the foundation for understanding life insurance concepts.
- Day 1-2: Take a look at Your Insurance License study guides to map out key topics and go over what topics may be covered on the exam.
- Day 3-4: Start by watching our YouTube videos on life insurance bascis. These videos cover fundamental concepts like insurance policies and premium payments. Take notes as you watch and highlight terms you don’t understand.
- Day 5-7: Dive into Chapter 1 of your study guide. Focus on studying definitions, key terms, and understanding the different types of policies (term, whole, universal). For now, don’t focus on memorizing terms. Rather, focus only on improving your comprehension.
Pro tip: Try to sepdn at least 30 minutes per day reviewing the chapter summaries. Regular reviewing helps to reinforce your learning and enhance retention.
Week 2: Building on the Basics
Objective: Deepen your understanding of key topics like policies, risk management, and insurance laws.
- Day 1-3: Watch our videos on risk management and insurance regulations. These videos provide real-world examples that help bring abstract concepts to life.
- Day 4-5: Move on to Chapter 2 in the Your Insurance License study guide. This chapter typically covers insurance regulations and consumer protection laws—topics heavily tested on the exam.
- Day 6-7: Use the Your Insurance License practice tests to assess your understanding so far. Focus on questions related to the material you’ve covered in weeks one and two.
Pro tip: After each practice test, review the questions you missed. Then, go back to your study guide and work through why you got those questions incorrect.
Week 3: Studying Insurance Policies
Objective: Master the details of life insurance policies and policyholder options.
- Day 1-3: Dive into Chapter 3 of the study guide. This chapter will likely cover policy options, riders, and provisions. These sections can be tricky, but our video tutorials break them down into digestible chunks.
- Day 4-5: Revisit your practice test results from last week and focus on any areas where you missed questions. This is also a good time to begin memorizing key terms.
- Day 6-7: Take another practice test. Time yourself to simulate exam conditions. Focus on increasing your speed and accuracy.
Pro tip: Start using flashcards for key terms and definitions. Your Insurance License provides downloadable flashcards for this purpose. You won’t need to question how long to study for the life insurance exam with this plan!
Week 4: Regulations & Insurance Ethics
Objective: Learn state and federal regulations, ethics, and responsibilities.
- Day 1-2: Check out our YouTube videos that cover insurance ethics and agent responsibilities. These sections may feel more straightforward, however, they are vital to understanding to pass your exam.
- Day 3-4: Move into Chapter 4 of your study guide, which likely covers state regulations. Pay attention to state-specific laws, as these will vary depending on where you’re taking the exam.
- Day 5-6: Take a practice quiz focusing on ethics and regulatory topics.
- Day 7: Review all previous chapters using the chapter summaries provided in the study guide.
Pro tip: Pay special attention to the Ethics section.
Week 5: Practice Tests, Practice Tests
Objective: Review the past week’s topics and identify areas that need improvement.
- Day 1-2: Review Chapters 1-4 using your study guide and video notes. Focus on areas that gave you trouble during practice tests.
- Day 3-4: Watch additional Your Insurance License videos on challenging topics. Many students find the sections on policy loans and non-forfeiture options to be confusing, so spend extra time here.
- Day 5-7: Take a full-length practice exam. Time yourself and try to complete it under the actual test time. After the exam, go over every question (both right or wrong answers).
Pro tip: This is a good time to focus on test-taking strategies, like eliminating wrong answers and pacing yourself during the exam.
Week 6: Final Review and Exam Prep
Objective: Fine-tune your knowledge and practice under exam conditions.
- Day 1-3: Review your flashcards and study guides. Take your time and work through each chapter slowly, ensuring you feel confident.
- Day 4: Take another full-length practice test. Treat this test like the real deal—simulate test conditions as closely as possible.
- Day 5-6: Spend time on any weak areas identified from your practice test results. Use our video resources to explain any concepts that are still unclear.
- Day 7: Rest and relax!
Pro tip: The day before your exam, review your flashcards and take a short quiz. Avoid cramming or staying up late in order to study.
Starting the Process
Our six-week study plan separates studying for your life insurance exam into manageable chunks. After this, you’ll be more than ready to pass your life insurance exam. At Your Insurance License, our study materials help support every step of your journey—from the basics to practice tests and final reviews.
