Exam One's life insurance exam is the gateway for agents looking to sell life products. It tests knowledge of policy types, underwriting, benefits, and legal requirements. The test is a 150‑question, multiple‑choice assessment that must be completed within 3 hours. Passing requires at least 70 % correct answers, and the exam is administered through a computer‑based testing center. Candidates should focus on the core modules: Fundamentals, Life Insurance Products, Underwriting, and Ethics. Study resources include the official Exam One study guide, online practice exams, and instructor‑led review courses. Time management is critical; pacing each section ensures all questions receive attention. After a successful pass, the certification remains valid for 12 months, after which agents must complete a refresher course to maintain eligibility.
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Exam Structure and Content Areas
The exam is divided into four primary sections:
- Fundamentals (30 questions) – Basics of life insurance, terminology, and policy mechanics.
- Life Insurance Products (45 questions) – Whole life, term, universal, and variable products.
- Underwriting (45 questions) – Health, financial, and risk assessment processes.
- Ethics and Regulations (30 questions) – State laws, fiduciary duties, and ethical selling practices.
Preparing Effectively
Study plans should blend self‑study with interactive tools:
- Read the Exam One study guide and highlight key concepts.
- Complete at least 3 full-length practice tests to gauge readiness.
- Join a study group or online forum to discuss tricky scenarios.
- Use flashcards for policy features and underwriting criteria.
Allocate 2–3 months for preparation, dedicating 10–12 hours per week. Consistency beats cramming.
Exam Day Tips
Arrive early at the testing center with a valid ID. Bring a calculator, pen, and water. Read each question carefully; eliminate obviously wrong choices before guessing. Keep an eye on the clock—each section should be completed in roughly 45 minutes. If unsure, mark the question and return to it after the first pass.
After Passing: Certification Maintenance
Once you pass, your certification is active for one year. To keep it current, complete a 10‑hour continuing education course and submit proof to Exam One. Failure to renew results in loss of license to sell life insurance.