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Life & Health Insurance Practice Test

144 practice questions across 12 topics, each with a written explanation of why the correct answer is correct. Start below — the first questions are free and no account is required.

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Topics on the Life & Health Insurance exam

Sample Life & Health Insurance questions

General Insurance Concepts

An applicant purchases a homeowners policy on a house he owns and lives in. Which type of risk does this insurance address?

  1. A. Pure risk
  2. B. Speculative risk
  3. C. Financial risk that offers a chance of gain
  4. D. Dynamic market risk

Answer: A. Insurance covers only pure risk, which involves the chance of loss or no loss with no possibility of gain. Speculative risk includes the chance of gain (such as gambling or investing) and is not insurable.

Types of Life Insurance

An applicant wants coverage that will pay off the remaining balance of a 30-year mortgage if she dies, with a premium that stays level throughout. Which type of term insurance is specifically designed for this need?

  1. A. Level term
  2. B. Decreasing term
  3. C. Increasing term
  4. D. Annually renewable term

Answer: B. Decreasing term features a death benefit that declines over the policy period while the premium remains level, matching an amortizing debt such as a mortgage.

Life Policy Provisions, Riders & Options

An insured dies during the two-year contestable period, and the insurer discovers the application contained a material misrepresentation about a prior heart condition. Under the incontestability provision, what may the insurer do?

  1. A. Contest the claim and potentially deny it based on the material misrepresentation
  2. B. Pay the full death benefit because death automatically ends the contestable period
  3. C. Reduce the benefit only by the amount of unpaid premiums
  4. D. Cancel all future claims but must still pay this one in full

Answer: A. The incontestability provision bars the insurer from contesting the policy only after it has been in force for two years during the insured's lifetime. Because death occurred within the contestable period, the insurer may investigate and contest the claim for material misrepresentation.

Work through every topic on the Life & Health Insurance question directory, or start the timed practice test above.

Life & Health Insurance exam — frequently asked questions

How many questions are on the Life & Health Insurance exam?

The Life & Health Insurance exam typically has 144+. The exact count varies by state and exam version. VoltExam gives you 144 practice questions covering every topic tested.

What score do you need to pass the Life & Health Insurance exam?

The passing score for the Life & Health Insurance exam is typically 70–75%. Scoring significantly above the minimum on practice tests before exam day is strongly recommended to account for real-exam pressure.

What is the pass rate for the Life & Health Insurance exam?

The estimated first-attempt pass rate for the Life & Health Insurance exam is 60–70%. Candidates who complete structured practice sessions with full answer explanations pass at significantly higher rates.

How long should I study for the Life & Health Insurance exam?

Most candidates study 2–4 weeks for the Life & Health Insurance exam. Study time varies based on prior experience. Focusing on practice questions with explanations is the most time-efficient preparation method.

What topics are on the Life & Health Insurance exam?

The Life & Health Insurance exam covers topics including: General Insurance Concepts, Types of Life Insurance, Life Policy Provisions, Riders & Options, Life Insurance Underwriting & Premiums, Annuities, and 7 more topic areas. VoltExam's free study mode organizes 144 quick-study questions by concept so you can target weak areas efficiently.