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Texas · Life

Texas Life Agent — Exam Prep

The examination this course is built to

Life Agent (InsTX-Life01), 80 scored questions, 120 minutes, administered by Pearson VUE

9
Sections
66
Lessons
700+
Practice questions
120 min
Exam time limit

What you'll learn

Every section below is aligned with the Texas 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. Texas Insurance Code Pertinent to Life Insurance
5 lessons
+
  • Life policy form filing, approval, and required contract standards
  • Insurable interest in life insurance — own life, family, business
  • Replacement of life insurance and annuities — notices, agent duties, 30-day return
  • Required policy provisions — grace period, incontestability, reinstatement, misstatement of age, nonforfeiture
  • Texas Life & Health Insurance Guaranty Association — coverage, limits, sales-use prohibition
Section 9
IX. Texas Statutes Pertinent to Life Insurance Producers
5 lessons
+
  • Life Agent licensing — scope, qualifications, application, renewal, expiration
  • Appointment, continuing education (24/2yr, 3 ethics), records, termination
  • Unfair claim settlement practices and the prompt-payment framework
  • Unfair methods of competition — misrepresentation, twisting, churning, rebating
  • Commissioner of Insurance and TDI — powers, examinations, hearings, penalties, cease-and-desist

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

FAQ

How long is the Texas Life licensing exam?+
Texas administers this as the Life Agent (InsTX-Life01), through Pearson VUE. It carries 80 scored questions with a 120-minute time limit. Texas does not publish a passing score for this examination, so treat the candidate handbook as the authority rather than any figure quoted elsewhere. The exam fee is $39.
How much does the Texas Life exam cost and who administers it?+
Texas contracts the examination to Pearson VUE, and you register and pay through them rather than through this course. The published exam fee is $39 per attempt. You are allotted 120 minutes. Fingerprinting, the licence application fee and any state pre-licensing requirement are separate from the exam fee; the Texas Department of Insurance publishes the current schedule.
Does Texas require state-approved pre-licensing education?+
Texas does not require state-approved pre-licensing education for this line. You can study independently with this course and sit for the exam directly -- no separate PLE certificate is required.
How many practice questions does this course include?+
This course includes 700+ practice questions across section quizzes and a full-length 80-question final exam simulator that mirrors the real Texas 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 Texas exam?+
The practice questions are written to mirror the real Texas 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 Texas 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 Texas 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 Texas 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