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Elite Training Academy
Hawaii · Life

Hawaii Insurance Producer — Life — Exam Prep

Self-paced exam-prep course for the Hawaii Life insurance producer license exam. Hawaii does not require state-approved pre-licensing education — candidates pass the state exam, complete fingerprinting, and submit a license application. This product is exam preparation only.

9
Sections
70
Lessons
500+
Practice questions
70%
Passing score

What you'll learn

Every section below is aligned with the Hawaii 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. Hawaii Insurance Code Pertinent to Life Insurance
8 lessons
+
  • Life insurance contract requirements — required provisions and standard form approval
  • Insurable interest in life insurance — at inception, family, business
  • Replacement of life insurance and annuities — required notices, comparison statements
  • Required policy provisions — grace period, incontestability, reinstatement, misstatement of age, nonforfeiture
  • Hawaii Life and Disability Insurance Guaranty Association — coverage, limits, restrictions
  • Texas Annuity Contract Requirements and Suitability
  • Texas Life and Annuity Advertising and Disclosure Standards
  • Texas Life and Health Insurance Guaranty Association
Section 9
IX. Hawaii Statutes Pertinent to Life Insurance Producers
6 lessons
+
  • Producer licensing — qualifications, application, renewal, expiration
  • Appointment, continuing education, records, termination
  • Unfair claim settlement practices
  • Unfair methods of competition — misrepresentation, twisting, churning, rebating
  • Hawaii Insurance Commissioner — powers, duties, examinations, hearings, penalties
  • Producer Duties — Fiduciary Care, Premium Handling, Fraud Reporting

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 Hawaii exam with confidence. Most students finish the course in 2–4 weeks of casual study.

FAQ

Do I need a state-approved pre-licensing course?+
Most states — including Hawaii for the P&C producer license — let candidates study independently and sit for the exam without formal PLE. About 17 states do require state-approved PLE; in those states you'd need to take a separate PLE course in addition to this exam prep. Check your state's Department of Insurance for specific rules.
How does my access work?+
After purchase, you're enrolled immediately. Log in at any time from any device — laptop, tablet, or phone. Your progress syncs automatically. Access doesn't expire.
What if I fail the real exam?+
Retake the real exam through your state's exam vendor (typically Pearson VUE or PSI). Pay the exam fee again, schedule, and sit again. Your course stays with you the whole time — review the sections you missed and try again. If the course itself disappoints, contact us within 7 days of purchase for a full refund.
Is this course approved by the state?+
For exam prep in states that don't require state-approved pre-licensing education, no provider approval is required — and that's exactly what this course delivers. We do have CE filings pending with the Texas and South Carolina Departments of Insurance; CE bundles publish once those approvals are issued. Course-by-course status for your specific state is listed in the badge above.
Can I get a refund?+
Yes. Within 7 days of purchase and before you've 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