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Colorado · Life

Colorado Life Producer — Pre-Licensing

This course is approved by the Colorado Division of Insurance for Pre-Licensing Education credit, 50.00 hours, self-study. Course #67711, Provider #237818 (Elite Online Training Academy LLC). Colorado requires approved pre-licensing education before you sit for this exam, and this course satisfies that requirement. Cost is shown above; see our cancellation and refund policy.

10
Sections
71
Lessons
900+
Practice questions

What you'll learn

Every section below is aligned with the Colorado content outline.

Section 1
I. Types of Policies
9 lessons
+
  • Term Life Insurance — Forms, Features, and When to Recommend
  • Whole Life Insurance — Permanent Coverage with Cash Value
  • Universal Life Insurance — Flexible Premium Permanent Coverage
  • Variable Life and Variable Universal Life — Securities-Regulated Permanent Coverage
  • Indexed Universal Life — Index-Linked Crediting on a Permanent Chassis
  • Endowment Contracts — Historical Forms and Modern Treatment
  • Industrial Life vs. Ordinary Life — Distribution and Premium Mechanics
  • Group Life Insurance — Master Contracts, Certificates, and Conversion
  • Credit Life Insurance — Loan-Linked Coverage and Regulatory Limits
Section 2
II. Policy Riders, Provisions, Options, and Exclusions
11 lessons
+
  • Riders Affecting the Insured — Waiver of Premium, Payor Benefit, AD&D
  • Living-Benefit Riders — Accelerated Death Benefits and LTC Hybrid Coverage
  • Insurability and Benefit Riders — GIO, ROP, COL, and Disability Income
  • Family Riders — Adding Coverage for Spouse and Children
  • Required Life Policy Provisions — Insuring Clause, Free Look, Ownership, Assignment
  • Beneficiary Designations — Primary, Contingent, Revocable, and Common-Disaster Rules
  • Premium Provisions — Grace Period, Automatic Premium Loan, and Reinstatement
  • Contestability, Suicide Clause, and Common Life Exclusions
  • Settlement Options — How Death Benefit Proceeds Are Paid
  • Dividend Options on Participating Policies
  • Nonforfeiture Options — Cash Surrender, Reduced Paid-Up, Extended Term
Section 3
III. Completing the Application, Underwriting, and Delivering the Policy
9 lessons
+
  • Completing the Life Insurance Application
  • Conditional and Binding Receipts — When Coverage Begins
  • Underwriting Information Sources — MIB, APS, Paramedical, Inspection, Consumer Reports
  • FCRA in Life Underwriting — Reports, Notices, and Consumer Rights
  • Risk Classification and STOLI
  • USA PATRIOT Act and AML Compliance for Life Producers
  • HIPAA, GLBA, and Privacy in Life Underwriting
  • Life Insurance Policy Delivery — Mechanics and Free-Look
  • Replacement of Life Insurance — Notice, Comparison Forms, and Producer Duties
Section 4
IV. Premiums, Proceeds, and Beneficiaries
7 lessons
+
  • How Life Insurance Premiums Are Calculated
  • Premium Modes and Level vs. Flexible Premium Structures
  • Cash Value Access — Loans, Withdrawals, and Surrender
  • Death Benefit Settlement Mechanics — Income Stream and Tax
  • Income Tax Treatment of Life Insurance Proceeds
  • Estate and Gift Tax Treatment of Life Insurance
  • Modified Endowment Contracts — 7-Pay Test and Tax Consequences
Section 5
V. Annuities
9 lessons
+
  • Annuity Structure — Owner, Annuitant, Beneficiary, and the Two Phases
  • Annuity Funding — Single-Premium and Flexible-Premium Structures
  • Immediate vs. Deferred Annuities
  • Fixed Annuities — Guaranteed Returns and General Account Backing
  • Variable Annuities — Separate-Account Investment with Securities Regulation
  • Fixed-Indexed Annuities — Index-Linked Crediting on a General-Account Chassis
  • Annuity Payout Options
  • Annuity Taxation — Accumulation, Withdrawals, Annuitization
  • Annuity Uses and Suitability Requirements
Section 6
VI. Federal Tax Considerations for Life Insurance and Annuities
5 lessons
+
  • IRC §7702 — How a Life Policy Qualifies as Life Insurance for Tax
  • MEC Rules in Detail — 7-Pay Test, Material Change, and Distribution Tax
  • §1035 Exchanges — Tax-Free Transfers Between Life, Annuity, and LTC Contracts
  • Tax Treatment of Policy Loans, Partial Withdrawals, and Surrenders
  • Transfer-for-Value Rule and Life Settlement Taxation
Section 7
VII. Qualified Plans and Federal Retirement Plans
6 lessons
+
  • Traditional and Roth IRAs
  • SEP and SIMPLE IRAs — Small-Business Retirement Plans
  • 401(k), 403(b), and 457 — Employer-Sponsored Defined Contribution Plans
  • Defined Benefit vs. Defined Contribution Plans, and ERISA Basics
  • Qualified Plan Rollovers — Direct, Indirect, and the 20% Withholding Trap
  • Social Security — Retirement, Survivor, and Disability Benefits
Section 8
VIII. Insurance Ethics
5 lessons
+
  • The producer as a fiduciary — duties to the client, the insurer, and the public
  • Fair dealing, suitability, and avoiding conflicts of interest
  • Prohibited practices — misrepresentation, twisting, churning, rebating, and defamation (generic NAIC framing)
  • Handling client money and information — trust accounts, privacy, and record integrity
  • Professionalism in practice — case studies in ethical decision-making
Section 9
IX. Colorado Insurance Code and Division of Insurance
5 lessons
+
  • Colorado Division of Insurance — Authority, Examinations, Orders, Penalties
  • Colorado Producer Licensing — Qualifications, Prelicensing, CE, Appointment, Termination
  • Colorado Unfair Trade Practices, Statutory Bad Faith, and Algorithmic Discrimination
  • Colorado Claims Handling — Acknowledgment, Investigation, Wildfire Protections
  • Colorado Rating, Underwriting, Cancellation, and Residual Markets
Section 10
X. Colorado Statutes Pertinent to Life Insurance
5 lessons
+
  • Colorado Life Producer Licensing and Market Conduct — Appointment, Advertising, and Prohibited Practices
  • Colorado Life and Annuity Replacement Regulation and the Free-Look Period
  • Colorado Required Life Policy Provisions and Unfair Claims Settlement
  • Colorado Annuity Best-Interest Suitability, Disclosure, and Senior Protections
  • Colorado Life Guaranty Association, Viatical/Life Settlements, and Accelerated Death Benefits

How it works

1

Enroll

One-time payment of $49.99. Secure checkout powered by Stripe.

2

Study on your schedule

Read the lesson library, take section quizzes, and work through the practice-question bank as many times as you need.

3

Pass the real exam

Take the official Colorado exam with confidence. Most students finish the course in 2-4 weeks of casual study.

FAQ

How long is the Colorado Life licensing exam?+
This course's full-length practice exam runs 100 questions to match the paper's length. Colorado publishes the authoritative item count, time limit and pass mark in its candidate handbook; check there before you register.
Does Colorado require state-approved pre-licensing education?+
Colorado requires 40 hours of state-approved pre-licensing education before you can sit for the exam. This course is supplemental exam prep -- you will also need a separate PLE course from an approved provider. Check the Colorado Department of Insurance for the current list.
How many practice questions does this course include?+
This course includes 900+ practice questions across section quizzes and a full-length 100-question final exam simulator that mirrors the real Colorado Life exam format. You can retake every quiz as many times as you want -- there is no cap.
Are the practice questions similar to the real Colorado exam?+
The practice questions are written to mirror the real Colorado Life exam: the same four-option multiple-choice format, difficulty mix, and topic weighting taken from the state's published content outline, plus a full-length timed simulator matching the real question count. No legitimate provider sells the actual exam questions -- those are confidential -- but studying the same topics at the same weights in the same format is exactly what the exam vendors recommend.
Are the practice questions updated regularly?+
Yes. Question banks and lessons are maintained against each state's current law and the state's published exam content outline -- when a state changes a rule (minimum auto limits, notice periods, education requirements), the affected lessons and practice questions are updated at the source, and because the course is delivered online you always study the current version. Practice-test weighting follows the state's published outline rather than an even spread.
Can I study on my phone?+
Yes. The course works on any phone, tablet, or computer with a browser -- no installs or downloads required -- and your progress, quiz scores, and seat time sync automatically across devices. Materials stay online rather than as downloadable files so that every study session reflects the current version of the content; there is nothing stale sitting in a folder after a state changes its rules.
Can I fit this course around a full-time job?+
It is built for that. The course is fully self-paced with no schedules, live sessions, or deadlines: study in short sessions from your phone during a commute or lunch break, and pick up exactly where you left off on any device. The AI tutor points you to the sections your quiz results show you need most, so limited study time goes where it counts.
Does the course include AI tutoring?+
Yes -- every lesson page has a built-in AI tutor, included with the course at no extra cost. It can explain the current lesson in simpler terms, quiz you one question at a time, and tell you what to study next based on your actual quiz results. If you already use Claude or ChatGPT, you can also connect your own AI assistant to your course from your account page, so it can coach you using your real progress and practice questions.
How long do I have access to the course?+
Lifetime. After purchase you are enrolled immediately and can log in from any device -- laptop, tablet, or phone. Your progress syncs automatically and access never expires.
What if I fail the real Colorado exam?+
You can reschedule and retake the real exam through your state's testing vendor (typically Pearson VUE or PSI) -- you will pay the exam fee again. Your course access stays with you the whole time, so you can review the sections you missed and try again. Most students who fail on the first attempt pass on the second after a focused review of the weakest section.
Can I retake the Colorado licensing exam if I fail?+
Every state lets you retake the licensing exam if you fail -- you re-register with the testing vendor (typically Pearson VUE or PSI) and pay the exam fee again. Most states allow unlimited attempts, though some impose a short waiting period between tries or after several failed attempts; the Colorado candidate handbook lists the exact rule. Inside the course, practice quizzes and the exam simulator are always unlimited.
Can I add another license line later?+
Yes. Insurance licenses are issued per line of authority, so you add a line -- for example adding Life to a Property and Casualty license -- by passing that line's exam through your state; your existing license is unaffected. Courses here are sold per line to match, so you can prepare for each new line the same way you prepared for the first.
Can I get a refund?+
Yes. Within 7 days of purchase and before you have completed more than 25% of the course or started the final exam, you can request a full refund. Email support@theelitecompany.com with your order number; refunds process to the original payment method within 5-10 business days.

Ready to start studying?

Enroll once, keep access forever, pass your exam with confidence.

$49.99 · 7-day money-back · Lifetime access