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How to Pass Your Life & Life Insurnace Exam

| June 27, 2019
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Hello, I am Stephen Poll part owner of Clay Financial. Thank you for your interest in my article. To get an idea if I am qualified to give you any kind of advice on taking this exam, I will go over a little of my background. I graduated a semester early from Ohio University with a degree in finance. I have taken and passed the combined Accident, Health & Life insurance exam, the combined Property & Casualty insurance exam, the Securities Industrial Exam (SIE), the Series 7 and the Series 66 in what took a little more than a year to complete. I will be writing an article for each exam, so be on the lookout for those. 

I started my exam journey with the Accident, Health & Life insurance exam. You can take these exams separately or combined like I sort of did. The only requirement for an insurance exam is that you have a high school diploma and that you are at least the age of 18. You are allowed two and a half hours to answer 150 questions. These rules vary state to state so be sure to check your state's rules and regulations. In my opinion, this was the easiest exam of all the insurance and securities exams I have taken. That could be because I did not know what I could get away with so I studied fairly hard. A funny story, I accidentally only signed up for the health exam instead of the combined one. I passed with an 83% then immediately had to go out of the country for two weeks. I did not study during those two weeks and then came back, took a couple more practice exams and after a couple of days, I passed the life exam with 72%. Just enough. I was sponsored by a financial advising company I was working for so I had no out of pocket costs. This is the best way to take these exams. This was the only exam I did not personally pay for and from my experience, you can go on a nice vacation with the money you spend on all these.

I used ExamFX for the study material and I highly recommend using this product for any of the insurance exams you are thinking about taking. The cheapest option I used was the $150 self-study option. For the insurance exams, I did not need a tutor as the exams are pretty much definition based. If you need extra help you can scour YouTube and find some free and helpful study videos that can really tie together what you are learning. ExamFX provides thorough reading material with moderately helpful videos along the way. The most effective part of the course is the mini quizzes at the end of each chapter. This helps you better retain the information you just read. I read the entire material one time and took notes at the same time. Apparently, this helps you remember the material better. After every chapter, I took the practice exam specific to that chapter. If you do poorly on these you might consider reading the chapter again. ExamFx keeps track of your progress and you should be aiming for 80% on all practice quizzes and exams. This 80% is a great indicator that you will be able to meet the minimum requirement to pass of 70% (varies from state to state) when it counts, on test day. To more effectively study, make sure you understand the makeup of the exam. You do not want to be studying for hours on a chapter that only has five questions and neglecting a chapter that accounts for half the exam questions. You will want to set aside about a month of studying before you set your exam date but for each person, you might need more or less. After you are done reading the material I suggest taking and retaking the practice exams. They mimic the test very well. I have even read online that some people do not read the material and just take the practice exams over and over. I do not suggest this but it shows how effective these practice questions are. If you follow these recommendations you should be on your way to that passing score and your license! Good Luck!

If you have any specific questions please direct message me and be sure to check out my other article that covers the Property & Casualty insurance exam.

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