This Life and Health Insurance cheat sheet distills the state producer exam's general-knowledge content into a printable rundown of the facts examiners test most. It's a premium cheat sheet built by Capital Prep — the one premium prep we trust — and it's yours free. Reinforce it with the rest of your free Life and Health Insurance toolkit: the practice test, study guide, and flashcards.
Life and Health Insurance exam at a glance
- Credential: Resident Life & Health (or Life, Accident & Health) producer license
- Structure: General-knowledge section + state-law section (some states split Life and Health)
- Questions: About 100-170, varies by state (some include unscored pretest items)
- Time: About 2 to 3.5 hours (set by each state)
- Passing score: Commonly 70% (some states differ, e.g. California 60%, Texas a scaled 70); set by the state
- Cost: Roughly $40 to $150 per attempt, plus state pre-licensing hours (e.g. TX 40, FL 60, NY 20); varies by state
- Administered by: State Department of Insurance via PSI, Pearson VUE, or Prometric
What’s on the Life and Health Insurance cheat sheet
- Insurance Basics (~18%) — pure vs speculative risk, insurable interest (at application for life), contract characteristics, representations vs warranties, and underwriting sources.
- Life Insurance (~30%) — term vs whole vs universal vs variable, standard provisions, riders, and the nonforfeiture, dividend, and settlement option sets.
- Health & Accident (~28%) — disability income (elimination/benefit periods, own-occ vs any-occ), medical and managed care (HMO/PPO/HSA), long-term care, and Medicare Parts A-D.
- Annuities & Retirement (~10%) — accumulation vs annuitization, fixed/variable/indexed, payout options, the exclusion ratio, and qualified vs nonqualified plans.
- Regulations & Ethics (~14%) — licensing and the commissioner, the unfair trade practices (twisting, churning, rebating), fiduciary duty, suitability, and replacement.
How to use it in your final week
- Drill the life policy grid until it's automatic — term (no cash value), whole (guaranteed cash value, endows at 100/121), universal (flexible premium, Option A vs B), and variable (subaccounts, securities license required).
- Memorize the three option sets cold: nonforfeiture (cash / reduced paid-up / extended term — the default), dividend (cash / reduce premium / accumulate / paid-up additions / one-year term), and settlement (lump sum / interest only / fixed period / fixed amount / life income).
- Front-load the confusable pairs the exam loves — own-occ vs any-occ disability, guaranteed renewable vs noncancelable, accelerated death benefit vs viatical settlement, and twisting vs churning vs rebating.
- Read the sheet the morning of the test for a final pass on the number hooks — free look ~10 days, grace ~30/31 days, incontestability ~2 years, COBRA 18/36 months, and the four Medicare parts.
The cheat sheet is your review layer — your Life and Health Insurance practice test drives the exam-readiness ring at the top of this page. Download it, review, then take a full practice exam (or drill with the study guide and flashcards) to see where you stand.
Life and Health Insurance cheat sheet FAQ
Yes — it downloads as a PDF with no sign-up and no account. It sits alongside Career Employer's free Life and Health Insurance practice test, study guide, and flashcards, so your whole prep stack costs nothing.
It condenses the highest-yield producer-exam facts into a quick reference: life policy types (term vs whole vs universal vs variable), standard provisions and riders, the nonforfeiture/dividend/settlement option sets, annuity phases and taxation, disability and medical coverage, the four parts of Medicare, and the unfair trade practices — organized by the general-knowledge topics states weight most.
The general-knowledge facts on the sheet are consistent nationwide because they follow the NAIC model content outline, so they apply wherever you test. Your state-law section is separate and unique to your jurisdiction, so pair the sheet with your state's candidate handbook for the local rules, license requirements, and the commissioner's authority.
No — the sheet is a fast review and final-week cram layer, not a full course. The exam tests a broad vocabulary of insurance terms under time pressure, so use the sheet to lock in the distinctions and the practice test to build recall and pacing before you book your date.
Click the download button (or the preview card) at the top of this page and the PDF opens instantly. Bookmark the page so you can pull it up again the morning of your exam.
References
- 1.National Association of Insurance Commissioners (NAIC). “State Licensing Handbook and Consumer Insurance Guides.” NAIC.org, 2026. ↑
- 2.Centers for Medicare & Medicaid Services (CMS). “Medicare Basics — Parts A, B, C, and D.” Medicare.gov, 2026. ↑
- 3.Internal Revenue Service (IRS). “Publication 575 — Pension and Annuity Income.” IRS.gov, 2026. ↑
- 4.U.S. Department of Labor (DOL). “COBRA Continuation Health Coverage.” DOL.gov, 2026. ↑
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