Life insurance Exam Prep (Simulator exam With Commentary) -YBLA
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- Опубликовано: 2 ноя 2020
- MUST Watch before your test:.. • *WATCH THIS* Before yo...
Hope that you find this video helpful, if so be sure to LIKE & SUBSCRIBE, so that it's easier for others to find it as well.
As I mentioned in the video I ended up getting 14 questions WRONG..... (#4, #8, #13, #20, #30, #31, #34, #35, #38,#43, #53, #56, #62)
Thank you so much and be sure to follow us on Instagram or Facebook at
/ yourbestlifeacademy
/ your-best-life-academy...
I PASSED yesterday 06/24/21!!!! As a oart of my study I watched your video it showed me how to go back and answer the questions in ExamFX. I was geeting 50s & 60s on the ExamFX quizzes. The actual licensing exam is easier than the simulator. Congratulations in advance to you ALL!!! Let's Go enhance and accumulate wealth!!
Congratulations 🎉, and best of luck with your new license😁
Congratulation to you. Your comments helped me. Thanks
@@aileenreed9432 you're welcome! Congratulations in advance! Let's go out and earn money helping people protect their families and businesses.
Congratulations!!! That was my birthday lol. I'm taking the test today!
Best of luck
I PASSED 3/22/22 after just 8 days of study time. I studied so much my eyes wouldn’t focus anymore and
I was able to listen to you videos with my eyes shut. It was very helpful.
Thank you for everything you do.
Congratulations on achieving the first milestone 👏 🙌... Glad we could help a little, Best of luck for your future endeavors 😁
I take mine next week. My eyes are blurred and brain almost fried. We got this!
I passed my exam and these are the things that helped me the most:
1. Write everything down at least once.
2. Separate chapters and study one chapter at the time.
3. Memorize all aspects that involve a number (30 days, 3 days, 3 years, 2 weeks, etc.)
4. On top of memorizing everything, have a basic understanding of how things work in general. Example: what kind of insurance would be the cheapest. Which kind of annuity is the riskiest.
My overall experience was that the actual exam was easier than I expected.
Good luck to all of you! You got this, just believe in yourself!
Congratulations on this first milestone, and thank you for your tips
@@ybla-yourbestlifeacademy2911 thank you for the value you provided to us!
Where did you take your car did you take it online ?? And what course did you take did you take insurance agent ???
Now starts the hard part - actually selling!
I passed with a 78%. This video is very helpful. The way you explain the questions is very clear and I remembered your explanations during the test. I think it’s important to actually understand the concepts and not just memorize everything.
Congratulations 👏... I'm glad that we were able to be a little help. Best of luck in using your license and accomplishing your goals 💪.
It's not good if you're only listening while doing something else.... lol
I so needed this! I like the way you break it down. God bless you!
Screenshot table of contents (for review purposes)
1- 3:45 - Variable Life Insurance
2- 5:45 - Variable Universal Life
3- 6:25 - Transfer of Risk
4 - 9:00 - Business Overhead Taxation (see question 37)
5 - 10:20 - Disabled Insured
6 - 12:40 - Variable Whole Life vs Variable Universal Life
7 - 13:55 - SSDI
8 - 15:20 - Transfer of Personal Insurance Policy
9 - 16:10 - Insurer's Classification
10 - 16:50 - California Insurance Code
11 - 17:20 - Speculative Risk
12 - 18:20 - Utmost Good Faith
13 - 19:55 - Business use of annuities
14 - 21:10 - Irrevocable Beneficiary Designation
15 - 21:40 - Insurance Applicant’s Credit Report
16 - 22:20 - Risk Classification
17 - 24:00 - Automatic Premium Loan Option
18 - 24:30 - Dishonesty
19 - 26:30 - Signing and Dating Delivery Receipt
20 - 27:25 -When does policy coverage become effective
21 - 28:25 - Policy
22 - 29:20 - Surrendered Policy for Cash Value
23 - 30:40 - Term Life Policy
24 - 31:40 - Fiduciary Responsibility
25 - 32:35 - Extended Term Nonforfeiture Option
26 - 33:15 - Shall
27 - 33:45 - Types of Assignments
28 - 34:48 - Income Taxable Surrender Value
29 - 36:15 - Replacement Regulation
30 - 37:10 - Implied Warranty
31 - 37:50 - Annuity Rider
32 - 38:20 - Record Keeping
33 - 39:10 - Pure Life Annuity
34 - 40:00 - Does not Build Cash Value
35 - 41:15 - Minimum Fine
36 - 42:45 - Group Life Insurance
37 - 43:45 - Business Overhead Expense (see question four)
38 - 44:30 - Graded-Premium Whole Life policy
39 - 45:20 - Variable Annuity
40 - 46:15 - Types of Authority
41 - 46:50 - 403(b) or TSA (Tax-Sheltered Annuity) plan
42 - 47:10 - Immediate Cash Value
43 - 48:00 - Unlicensed Penalty
44 - 48:35 - Immediate vs Deferred Annuities
45 - 49:55 - Written Binders
46 - 50:15 - Pure Risk
47 - 51:15 - Guaranteed Insurability Option
48 - 53:35 - Annuitant
49 - 54:10 - Moral Hazard
50 - 54:55 - Class Designation
51 - 55:30 - Aleatory
52 - 56:50 - Renewable and Convertible Policy
53 - 57:30 - Non-Taxable Interest (? I don’t think deferred tax is the same as not taxable).
54 - 57:40 - Variable Product
55 - 58:15 - Conditional Contract
56 - 58:35 - California Licenses
57 - 58:55 - Insurable Interest
58 - 1:00:00 - Life Insurance Policy Illustration
59 - 1:00:35 - Group Life Insurance
60 - 1:01:30 - Life Insurance Policy Title Page
61 - 1:02:40 - Requirements for Insurable Losses
62 - 1:03:15 - Material Misrepresentation (when I think of material I think of substantial enough to be relevant, not concealment)
63 - 1:03:35 - Increasing Death Benefits with Age
64 - 1:04:15 - Cash Value of a Surrendered Policy’s Taxability
65 - 1:05:00 - Settlement Options
66 - 1:05:30 - Executive Bonus
67 - 1:06:05 - Nonforfeiture Options (Reduced Paid-Up, Extended Term, Cash Surrender)
68 - 1:06:30 - Indexed Universal Life Policy
69 - 1:06:50 - Free-Look Period
70 - 1:07:40 - Death before Annuitization
71 - 1:08:15 - Change of Payment Plan
72 - 1:08:50 - Incontestability Clause/Period
73 - 1:09:00 - Accumulation Period
74 - 1:09:30 - Annuity Riders
75 - 1:10:15 - Policy with face value less than $10,000
Feel free to use this, or a modified version, in the description of your video if you wish.
Hello, thanks for the support and commenting.... what is the purpose for this table of contents? (To help YOU review specific questions or did you feel that these explanations weren't sufficient?)🤔
@@ybla-yourbestlifeacademy2911 To help me review them. Chances are my table of contents will fall towards the bottom of the comments section and no one else will see it but it still stays towards the top of my comments section for me to review later. I sometimes make table of contents for videos I watch for review purposes because I can't remember everything the first time around.
Wonderful... Best of luck on your Studying 👍... and I hope we can continue to be of help
😮 amazing, whats state are you taking you exam?
@@ybla-yourbestlifeacademy2911 Thanks. It should be finished now. If you want to include it, or a modified version, in the description of your video feel free to.
I PASSED the test today, 8/25/21 and this video definitely helped me. There were several questions on annuities so make sure to understand that.
Congratulations 👏... Glad we could be of a little help.. Best of luck with your new license 😁
That's what's up !!!
Congrats 👏💐👏
Well done and congratulations man.
Nice American Psycho pic 😄 haha
You're awesome and very helpful in the way you break each question down to make it easier to understand.
Much appreciated! Will definitely watch again before my exam
Passed my Life, Accident & Health exam on the first try yesterday 2/28/2022. Thanks for sharing information and doing what you do. It is extremely helpful. 🙏🏾🙏🏾🙏🏾❤️❤️❤️
Congratulations 👏 🎊
Whst course did you take to study
@John Sears, I took Exam Fx Life Accident & Health course.
Congrats, I failed by one point 🙃 going for my second try.
@@emeraldjgreen You got this 🙏🏾
Can't express how much this video is helping me. Excellently done with explanations on point. Additionally, your demeanor is completely taking the edge off my anxiety. Thank you thank you!
I passed 12/19/23! This video helped me immensely! Thank you for taking your time to teach and guide us through the exam. Good luck to the rest!
Hi there,
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would you say this practice test is most similar to the actual test or was there a better practice test on youtube you used
I passed my health and life exams today first sitting. Thanks for your dedication I especially love your 5 tips video.
Thank you for these videos, extremely helpful. I would prefer just the answer and explanation of the answer when you are reviewing with us. You are spot on- we are multi-tasking when reviewing with you. fantastic job! I appreciate you and your videos!
I've been studying on my own for the test and it hasn't been easy understanding some of the material but thank God I found your video. You explaining the questions and the concepts has made a world of difference for me. Thank you
Glad we could be of help
Did you finally pass it ?I'm going through it now and I'm not grasping the the whole concept .
Yes. I already passed it. First try🙂. I chose to try and become an independent broker for life/medicare. I'm contracting with all different ins. Right now. And hope for the best once I finally start selling
@@GARAA111 Thank you ! Congrats on your new career🙂🙂🙂🙂
I like the fact that you were smiling the whole time very useful and helpful thank you so much🙏
Passed first try in California. Thank you! You're awesome!
I'd like to thank you for taking the time to help others...
You helped me pass my Florida License on the first attempt. I only use your videos and Voila!
I get to prep to the exam with great content. Thank you for your detailed explanation!
WoooooooooooW!!! This guys is Amazing you ROCK 🎸
Thank you for your videos! I listened to them while driving, in the gym and of course while studying and your explanations are helpful! I’ve passed my CA exam yesterday (4th try) & it was because of your content. 😊
Congratulations
You are a great teacher! Thank you so much for your video, it was very enjoyable to watch...not like the usual monotoned people haha. Taking my exam in two hours🤞🏼
Best of luck .... you got this 💪.
How did you do?
@@zeeque9274 I passed! But I took the life and health exam, if that is the exam you are taking please make sure to study the health portion a lot! They give tons of questions on it!
Studying for my exam in June. This is a great find!
I feel so PUMPED about taking my exam now!! thank you, thank you, thank you!!
Awesome, so glad we could help a little... feel to watch the the 2nd version of the simulator we posted last week
Thank you very much for sharing this class with us. I'm 64 years old trying to get the 215 license but it's very difficult to memorize. May God bless you for your help.
Maria ate you on facebook...looking to ask you few questions
Thank you very much for your videos! Iam on my 3rd attempt to take the exam and it's not easy for me! I keep getting better and not reverting backwards so I'm feeling more confident that I can this time around after watching your video thank you 🙏
Awesome man, thanks for the help!
Thank you so much May the Lord blessed you
Bro this helped tremendously thank you!!
Great videos. Extremely helpful in my exam prep for today. I passed. Thank you team.
Thank you bro for this video it helps understanding the questions asked on the Exam Sept it's a little harder here in NC.
Thank you for the video you explain very well!!!
You are a very good teacher. I like the way you break down the question, it helps me go back through my brain to the correct chapter and determine the answer.
Glad that we were able to be of help
@@ybla-yourbestlifeacademy2911 hey! I passed with a 78%! Thanks for your help!
Congratulations 👏
@@ybla-yourbestlifeacademy2911 I’m doing P&C next. Do you have a course for that exam?
Unfortunately not at the moment
This video helped me a lot!
THANK YOU! THANK YOU! THANK YOU!
🙏👍👏🤗
Glad it helped!
Just found this video a couple hours ago!! Wishing I saw it earlier! I take the test tomorrow. GREAT video and explanations though. PRAYIIIING i pass lol.. Thanks.
Best of luck
You are a great guy! THANKS for all that information. Please I would like to know about Life and Health insurance in Texas in the way you teach. 🙏
Thank you for this video. It is so thorough. I am glad I found this. My exam is on Saturday. Wish me luck!
Best of luck 😁
Did you pass was it hard
I watched the video last night. I Passed ! Thank you!
Congratulations 👏 🎊
Thank you for posting this. I take the exam next week. This is such an awesome, well explained review.
I PASSED the CT life exam yesterday!!! Thank you for posting both of the practice exam videos.
@@xadenacongrats🎉
Did u gave the same questions on the real Exam?
I’m so tired.. my brain and eyes are in fire..😢
@@liudmila3369 Relax....Don't over think it. Some of the questions were similar. All of the concepts are the same. Just have an understanding of why the answers are correct and how it all works. Know the basic terminology. Know the state questions for your state. I had about 20- 25 state questions on my test. This exam helped my understanding. It was the best post course study tool I had. If you still have access to your course questions bank, continue to go over those too. You got this!!!
You're so cool bro, I really appreciate this video.
Awesome video! I have my Life test tomorrow and this was perfect along with my study materials! Thank you!🙏🏼
I passed!
@@paulnguyen3363 was it hard?
I didn’t think so no. I think the toughest part was the state law!
Congratulations Paul, glad we could help you a little 👍
@@paulnguyen3363 congrats!!! 4 weeks later lol. I am studying now! I'm so scared!
This was helpful I'm second language i was worried about my exams but I passed it. I like haw you said just trust your God I'm thankful! 🙏 thank you father God I know you can move any mountains 🙌
Congratulations... I wish you the best in using your license to help others and your own family 😁
Very helpful since these our actual questions on the exam!
Great video, thank you for sharing!
test today at 10:30. This video is the last thing I’m watching before heading in! Hoping for the best I feel pretty prepared!
How’d you do bro?
@@cortescuts3198 was 4 questions from a pass! been studying up and am going at it again this Friday!
Thank you for making this video.
Ha Bro I passed my Exam today 01/28/2021 thanks again for your video
Congrats!!
@@ybla-yourbestlifeacademy2911 Thank you by the way have anyone talk to you about Living benefits? If not please hit me up.
I'm in Kentucky. Do you have any videos on the ky part of the exam?
Hi Great review of the exam! How do I still find the answers to the questions you got wrong?
Great way of dissecting the questions! Provide some clarification to those confusing questions👍🏾
This is awesome.
thanks, it helped me a lot ,
Awesome video
Thank you thank you
Took online Crash course from Mike Russ and didn’t do very well with that. I actually failed. I came across this video and I passed yesterday. I like how he describes the questions…helped out a lot. Thank you so much.
Do you have a video with 155 questions? A friend wants to know.
🎊 👏 Congratulations we're so glad we can be of a little help.... by the 155 questions are you referring to the Life & Health exam
@@ybla-yourbestlifeacademy2911 yes. My friend wants to pass the life , health accident exam.
Thank you so much man
Hi i really love how you explain it, Are these Questions same in Arizona, I am taking my License here? thank you for your time, you are amazing..
Glad we could be of a little help.... a few of the questions will be the same but when it comes to dates/penalties/laws they may vary from state to state
Thank you , I really appreciate all that you do.
I am currently working with a few people that are getting licensed in Arizona.... feel free to send me a direct message on our social media if you are interested in talking about the Arizona exam
I will definitely take on your offer. I live in Tucson and I wll be taking my exam in June so what company are you working with in Arizona?
i passed thanks to your video
Congratulations 😁
Thanks!
I enjoyed studying with you
Hi all! I’m in the state of New Jersey & planning to take the Life & Health Insurance state exam in January 2022. Can I use this video as a guide? This video is amazing btw!
Thank you and congratulations for getting involved in this industry..... this video goes over the Life Only exam for California so there may be small differences from New Jersey's study material. This will definitely help with the life section but not the Health portion
Can you please do a specific video on whole life, including limited pay, modified premium, graded premium, non fixed premium and indexed life and variable life
what happens when you are testing for the 20 hr. state study corse ,but you ran out of time , and go over 20 hr, and with in you have not started your last test. You went over and its undone?
I literally did exam fx for weeks. Made online and paper flash cards. Watched your videos. Wrote down everything note wise. Practice tests, simulated etc and I did good on those but somehow today I failed both parts. I can’t even think of what I could have done differently 😔
Send us a direct message on our social media (link in the Video description) maybe we can figure out what we can possibly do differently
@@ybla-yourbestlifeacademy2911 sent on Facebook!! I appreciate it
taking the state exam in NY and its all different questions. they make it more confusing on how they execute the question here. i wished i had those question you have there, i got most of them right. i learnt them from examfx. i studied but still don't get it right. I Failed 3 times. i'm about to give up. idk how many times people take this state exam. my cousin took it and passed the first try, but she's in Florida. but i'm not good in memorization and i never did well on exams anyway, great tips on this video though. are there any questions that pertain to life insurance in ny exam?
Send us a Direct Message on our social media and we can go from there..... Check the Description for the link
wow you're so smart love how you break everything down!
To pass a life and health insurance exam, you will need to have broad knowledge of insurance concepts, policy types, taxes and federal regulations, not to mention the insurance laws in your state.
I have been having issues passing my Health Insurance exam since 2020, I’m so tired 😩
I just passed with flying colors on my health insurance exam with the help of Mr Albert who has been doing for a lot of people
I passed mine after much studying, I studied some Exam Cram and other insurance PDF.
I'm originally from USA, I and two other Chinese and American friends we gave him a try, He really performing wonders Mr Albert gave us a nice and relaxing attention.
This is good 👍🏾 stuff
I have my life and health insurance test on Saturday is this a good video to reference both any suggestions?
Hope your test went well. Was this video helpful for you?
I was wondering anyone knows of an online resource that compiled all the number based answers(months, weeks, etc) into one place for easy memorization?
Hello Sir, It really made it simple for me to learn chapter one "Basic concept or insurance" after I watched your videos..... Can you please tell me where is other chapter's videos? Like The marketplace and others...Thank you for your time...!! You are doing good job...!
Those videos are available on our video library...send us a message on our social media to gain access
@@ybla-yourbestlifeacademy2911 where can I access your social media....please
Wow video
I passed mine yesterday
Im gonna be taking the Florida exam Tuesday, your videos have been a huge help. If anyone has any helpful links would greatly be appreciated.
Best of luck on Tuesday
can you help me with my series 6 and 63?
I am studying now and came arross video, which is helping,dose the same question apply for all states. Am in n.j.
Thanks to the good I found your videos... Hopefully I pass, and what kind of SANDWICH was it?
Glad we could be of a little help.... I forget but I do know he got a second one when I ended the video.... (a knuckle sandwich)
I'm getting ready to take the H and L exam for SC on 12/22/2023..I'm nervous but I should be fine
Is this test for Florida too?
Good stuff, I’m in for 20 views...
Lol ........... cheers
Thank you for the video, but as I am studying, certain information are different by states and or just pronounce differently. Please provide your actual state in your title.
Otherwise nice explanation
He actually did note that he is in California.
How is passing score for life ,Accidental & Health ? 60% or 70% in California . Thanks,
May I ask you a question regarding this. Can it help me to pass my life license exam in El Paso TX ? If so? allow me to know it, please. Thank you very much and have remarkable day.
If you'd like to ask me to answer a question, please send us a Direct Message(links are in the description of video) on our social media
It really helped it however, I hope the screen is more bigger, it'll be more better !!
We recommend the other simulator video that we have on the channel
Lol I was yelling like it’s 4 for question 48 😂
I just got my certificate at exam.fx. now they said I need to schedule for my state exam. Can you give me advice at what to expect? Thank you!
2/22/22 Blessed 🙏🙏🙏
Congratulations... feel free to send us a direct message on our social media for some tips 😁
So this was super easy for me. Am I ready for exam or were these just easy questions!
Have you scheduled your exam already?
Will the questions vary with states? I'm in Washington & have an exam coming up 😞 lol
Yes they do vary but if you need specific help for a state feel free to reach out and send us a direct message on our social media platforms
I got an 88 on learn as you go and 73 on my simulator lol I passed lets get ready for the real thing soon! any study tips?
Great job... definitely focus on key words and do your best to NOT memorize questions and answers
I’m still failing the practice test And the fact they switch it all up it’s never the same questions because it’s so much they are able to do so . And even it it was some of it is worded a tad different 🙄
nice
5/12/22, this video helps!
Am I missing something on Q17? I don't understand why the answer isn't "3- The cash value will continue to increase". Isn't he still in the pay-in phase and not receiving payments yet?
We hope that this short video can help answer your question
ruclips.net/video/KRplN0GvTtY/видео.html
Does this cover a little bit of health insurance too and accident
This practice test is designed for the Life-only exam. There are some questions & terms that are covered here that will also appear in the Life & Health exam.
I took my exam today and had failed for the 3rd time . I have been taking practice exams for a few weeks and have been getting 80s and 90s for scores. When it comes to the real exams there are so many questions that I'm just not sure of ? Starting to feel discouraged now, I'm in CA
I understand the frustration hopefully you can send us a Direct message on our social media. We may be able to offer some tips that will definitely help
I have taken the exam two times now, and am in the same exact situation. I've been getting 80 to 90 on the at home tests, but for the love of me can't pass the ultimate test.
Thank you for this useful exam prep video! 🙌 It's very helpful for those of us studying for the life insurance exam. 👍
I thought you were going to help me pass evey singel one of the quiestions.The very first one is either you know or not ,I didnt know it .I'm not grasping the the information ,I don't know way .I've done all the videos practice test sometines I get it right sometimes I don't
wow
Does anybody know is this any comparable to the Florida life exam?
Yes there are some similarities
Is this Alabama life insurance exam
Can I take a pre test, for Michigan. Online, and do you provide me away to do that? Thanks
I just took my michigan pretest. Xcell online
We're you able to access the test... because we use a separate program/site