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Washington Insurance Producer — Life & Health — Exam Prep

Combined Life + Accident & Health exam preparation. Covers term/whole/UL/VUL life products, annuities, riders, taxation, plus HMO/PPO/HDHP, Medicare, ACA, HIPAA, COBRA, ERISA, and long-term care.

The examination this course is built to

Life Producer, 100 scored questions, 150 minutes, administered by PSI

16
Sections
101
Lessons
850+
Practice questions
70%
Passing score

What you'll learn

Every section below is aligned with the 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. Types of Health Plans
5 lessons
+
  • Managed Care vs. Fee-for-Service — How Health Plans Organize Providers and Payment
  • Health Maintenance Organizations — Gatekeepers, Networks, and Capitation
  • PPO and POS Plans — In-Network vs. Out-of-Network Mechanics
  • High-Deductible Health Plans and Health Savings Accounts
  • EPO, Indemnity, and Supplemental Health Plan Types
Section 9
IX. Medical Expense Insurance
5 lessons
+
  • The Insuring Clause and Covered Benefits — What Major Medical Actually Promises to Pay
  • Deductibles, Coinsurance, and Copays — How Cost-Sharing Actually Works
  • Out-of-Pocket Maximums, Annual Limits, and the MLR — How the ACA Capped Catastrophic Exposure
  • Pre-Existing Conditions, Pre-Authorization, and the Appeals Process — Underwriting and Utilization Management
  • Hospital Indemnity, Critical Illness, and Other Supplemental Products — Limited-Benefit Coverage Done Right
Section 10
X. Disability Income Insurance
5 lessons
+
  • Short-Term vs. Long-Term Disability — Product Structure, Group vs. Individual, and Employer-Sponsored Coverage
  • Definitions of Disability — Own-Occupation, Any-Occupation, Residual, and Presumptive
  • Elimination Period, Benefit Period, COLA, and the Renewability Provisions
  • Business Overhead Expense, Disability Buy-Sell, Key Person Disability, and Group Plan Structures
  • Taxation of Disability Premiums and Benefits, Social Security Disability, Workers' Compensation, and Benefit Integration
Section 11
XI. Long-Term Care Insurance
5 lessons
+
  • LTC Basics — ADLs, Cognitive Impairment, and the Levels of Care
  • Tax-Qualified vs. Non-Tax-Qualified LTC — HIPAA, IRC §7702B, and the Benefit Triggers
  • Benefit Amounts, Elimination Periods, and Benefit Periods — How an LTC Policy Pays
  • LTC Riders and Inflation Protection — Keeping the Benefit Whole Over a 30-Year Horizon
  • Hybrid Life/LTC, Annuity/LTC Combinations, and the Partnership for Long-Term Care
Section 12
XII. Group Health Insurance
5 lessons
+
  • Employer-Sponsored Group Health — Structure, Master Policy, and the ERISA Frame
  • COBRA Continuation Coverage — Triggers, Durations, Premiums, and Notices
  • ERISA and Fiduciary Rules — Scope, Preemption, SPDs, and Form 5500
  • Nondiscrimination and Section 125 — Cafeteria Plans, FSAs, and HRAs
  • Small Group, Large Group, and Self-Funded — Rating, Underwriting, and Funding Choices
Section 13
XIII. Medicare and Medicare Supplement
5 lessons
+
  • Medicare Parts A and B — Eligibility, Hospital Benefits, and Medical Benefits Under Original Medicare
  • Medicare Parts C and D — Medicare Advantage and Prescription Drug Coverage
  • Medicare Supplement (Medigap) — Standardized Plans A through N, MACRA, and Guaranteed-Issue Rights
  • Medicaid and Dual-Eligibility — The State-Administered Federal Program and Its Coordination with Medicare
  • Medicare Enrollment Periods and Late-Enrollment Penalties — IEP, AEP, SEP, Medigap OEP, and the Cost of Waiting
Section 14
XIV. ACA and Federal Health Regulation
5 lessons
+
  • The ACA Marketplace and Essential Health Benefits — Metal Tiers, Premium Tax Credits, and Cost-Sharing Reductions
  • HIPAA — Privacy, Security, Portability, and Nondiscrimination
  • ADA, FMLA, and Mental Health Parity — The Workplace Health-Benefits Framework
  • Section 125 Cafeteria Plans — POPs, FSAs, and the Mid-Year Election Rules
  • HSA Eligibility and Contribution Limits — IRC §223 in Practice
Section 15
XV. Washington Life Insurance Law
5 lessons
+
  • Washington Insurance Code Structure and Office of the Insurance Commissioner Authority
  • Washington Life and Disability Insurance Guaranty Association — Coverage and Limits
  • Washington Producer Licensing — Life Insurance Requirements and Continuing Education
  • Washington Life Policy Provisions — Free Look, Required Clauses, Replacement
  • Washington Unfair Trade Practices, Rebating, and Twisting
Section 16
XVI. Washington Health Insurance Law
5 lessons
+
  • Washington Mandated Health Benefits and Mental Health Parity
  • Washington Continuation Coverage and Small Group Continuation Rules
  • Washington Medicare Supplement Regulations and Guaranteed Issue
  • Cascade Care, the Health Benefit Exchange, and the Small Group Market
  • WA Cares Fund — Long-Term Services and Supports Trust Program

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

FAQ

How long is the Life licensing exam?+
administers this as the Life Producer, through PSI. It carries 100 scored questions with a 150-minute time limit. The published passing score is 70%. The exam fee is $38.
How much does the Life exam cost and who administers it?+
contracts the examination to PSI, and you register and pay through them rather than through this course. The published exam fee is $38 per attempt. You are allotted 150 minutes. Fingerprinting, the licence application fee and any state pre-licensing requirement are separate from the exam fee; the Department of Insurance publishes the current schedule.
Does require state-approved pre-licensing education?+
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 850+ practice questions across section quizzes and a full-length 150-question final exam simulator that mirrors the real 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 exam?+
The practice questions are written to mirror the real 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 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 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 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