Life Producer — Information & Free Practice
US-AK · Examination information
142 free questions · Answer explanations · No signup required
Life Producer
- Provider
- Pearson VUE
- Format
- Computer-based written examination
- Exam questions
- 90 scored plus 15 pretest questions: general knowledge 50 scored plus 5 pretest, Alaska code 40 scored plus 10 pretest (March 2025 outline). The September 2023 handbook still lists 110 total questions.
- Passing score
- 70 scaled score; each part must be passed
Examination outline
General Knowledge — I. TYPES OF POLICIES (15 scored questions)
- Traditional whole life products
- Traditional whole life products > Ordinary whole life
- Traditional whole life products > Limited-pay and single-premium life
- Interest/market-sensitive/adjustable life products
- Interest/market-sensitive/adjustable life products > Universal life
- Interest/market-sensitive/adjustable life products > Variable whole life
- Interest/market-sensitive/adjustable life products > Variable universal life
- Interest/market-sensitive/adjustable life products > Interest-sensitive whole life
- Interest/market-sensitive/adjustable life products > Indexed life
- Term life
- Term life > Types
- Term life > Types > Level
- Term life > Types > Decreasing
- Term life > Types > Return of premium
- Term life > Types > Annually renewable
- Term life > Special features
- Term life > Special features > Renewable
- Term life > Special features > Convertible
- Annuities
- Annuities > Single and flexible premium
- Annuities > Immediate and deferred
- Annuities > Fixed and variable
- Annuities > Indexed
- Annuities > Accumulation and Annuity Periods
- Annuities > Payout options
- Combination plans and variations
- Combination plans and variations > Joint life (first to die)
- Combination plans and variations > Survivorship life (second to die)
General Knowledge — II. LIFE PROVISIONS, RIDERS, OPTIONS, AND EXCLUSIONS (15 scored questions)
- Policy riders
- Policy riders > Waiver of premium and waiver of monthly deduction
- Policy riders > Guaranteed insurability
- Policy riders > Payor benefit
- Policy riders > Accidental death and/or accidental death and dismemberment
- Policy riders > Term riders
- Policy riders > Other insureds
- Policy riders > Long term care
- Policy riders > Return of premium
- Policy riders > Disability
- Policy riders > Cost of Living
- Policy provisions and options
- Policy provisions and options > Entire contract
- Policy provisions and options > Insuring clause
- Policy provisions and options > Free look
- Policy provisions and options > Consideration
- Policy provisions and options > Owner’s rights
- Policy provisions and options > Beneficiary designations
- Policy provisions and options > Beneficiary designations > Primary and contingent
- Policy provisions and options > Beneficiary designations > Revocable and irrevocable
- Policy provisions and options > Beneficiary designations > Common disaster
- Policy provisions and options > Beneficiary designations > Minor beneficiaries
- Policy provisions and options > Beneficiary designations > Designation by class
- Policy provisions and options > Premium Payment
- Policy provisions and options > Premium Payment > Modes
- Policy provisions and options > Premium Payment > Grace period
- Policy provisions and options > Premium Payment > Automatic premium loan
- Policy provisions and options > Premium Payment > Level or flexible
- Policy provisions and options > Reinstatement
- Policy provisions and options > Policy loans, withdrawals, partial surrenders
- Policy provisions and options > Non-forfeiture options
- Policy provisions and options > Dividends and dividend options (eg. participating, non- participating)
- Policy provisions and options > Incontestability
- Policy provisions and options > Assignments
- Policy provisions and options > Suicide
- Policy provisions and options > Misstatement of age and gender
- Policy provisions and options > Settlement options
- Policy provisions and options > Accelerated death benefits
- Policy exclusions
- Policy exclusions > War
- Policy exclusions > Aviation
- Policy exclusions > Dangerous Occupation
General Knowledge — III. COMPLETING THE APPLICATION, UNDERWRITING, AND DELIVERING THE POLICES (12 scored questions)
- Completing the application
- Completing the application > Required signatures
- Completing the application > Changes in the application
- Completing the application > Consequences of incomplete applications
- Completing the application > Warranties and representations
- Completing the application > Collecting the initial premium and issuing the receipt
- Completing the application > Replacement
- Completing the application > Disclosures at point of sale (e.g., HIPAA, HIV consent)
- Completing the application > USA PATRIOT Act/anti-money laundering
- Completing the application > Gramm-Leach-Bliley Act (GLBA) Privacy
- Underwriting
- Underwriting > Insurable interest
- Underwriting > Medical information and consumer reports
- Underwriting > Fair Credit Reporting Act
- Underwriting > Risk classification
- Underwriting > Stranger/Investor-owned life insurance (STOLI/IOLI)
- Delivering the policy
- Delivering the policy > When coverage begins
- Delivering the policy > Explaining the policy and its provisions, riders, exclusions, and ratings to the client
- Contract law
- Contract law > Elements of a contract
- Contract law > Elements of a contract > Consideration
- Contract law > Elements of a contract > Offer and Acceptance
- Contract law > Elements of a contract > Competent parties
- Contract law > Elements of a contract > Legal purpose
- Contract law > Unique aspects of the insurance contract
- Contract law > Unique aspects of the insurance contract > Conditional
- Contract law > Unique aspects of the insurance contract > Unilateral
- Contract law > Unique aspects of the insurance contract > Adhesion
- Contract law > Unique aspects of the insurance contract > Aleatory
General Knowledge — IV. RETIREMENT AND OTHER INSURANCE CONCEPTS (8 scored questions)
- Third-party ownership
- Life Settlements
- Group life insurance
- Group life insurance > Conversion privilege
- Group life insurance > Contributory vs. noncontributory
- Retirement plans
- Retirement plans > Qualified plans
- Retirement plans > Nonqualified plans
- Life insurance needs analysis/suitability
- Life insurance needs analysis/suitability > Personal insurance needs
- Life insurance needs analysis/suitability > Business insurance needs
- Life insurance needs analysis/suitability > Business insurance needs > Key person
- Life insurance needs analysis/suitability > Business insurance needs > Buy sell
- Social Security benefits
- Tax treatment of insurance premiums, proceeds, and dividends
- Tax treatment of insurance premiums, proceeds, and dividends > Individual life
- Tax treatment of insurance premiums, proceeds, and dividends > Group life
- Tax treatment of insurance premiums, proceeds, and dividends > Modified Endowment Contracts (MECs)
Alaska Specific Life — I. ALASKA LAWS, RULES AND REGULATIONS COMMON TO LIFE, HEALTH (ACCIDENT AND HEALTH), PROPERTY, CASUALTY AND PERSONAL LINES INSURANCE (30 scored questions)
- Director of Insurance
- Director of Insurance > Broad powers
- Director of Insurance > Adoption of regulations
- Director of Insurance > Examination of records
- Director of Insurance > Notice and hearing
- Director of Insurance > Penalties
- Definitions
- Definitions > Admitted (authorized) and nonadmitted companies
- Definitions > Domestic, foreign, and alien
- Definitions > Stock and mutual
- Definitions > Premiums
- Definitions > Transacting insurance
- Definitions > Certificate of Authority
- Definitions > Fraternal benefit societies
- Licensing
- Licensing > License required
- Licensing > License required > Insurance producer
- Licensing > License required > Firm licenses
- Licensing > License required > Compliance Officer (Designated Responsible Producer)
- Licensing > License required > Resident
- Licensing > License required > Nonresident licensees
- Licensing > License required > Exceptions
- Licensing > License required > Producer appointments
- Licensing > Maintenance of license
- Licensing > Maintenance of license > Renewal
- Licensing > Maintenance of license > Denial, Nonrenewal, Suspension or Revocation
- Licensing > Maintenance of license > Continuing education
- Marketing Practices
- Marketing Practices > Unfair practices
- Marketing Practices > Unfair practices > Unfair claims methods and practices
- Marketing Practices > Unfair practices > Rebating
- Marketing Practices > Unfair practices > Twisting
- Marketing Practices > Unfair practices > Misrepresentation
- Marketing Practices > Unfair practices > Defamation
- Marketing Practices > Unfair practices > Unfair discrimination
- Marketing Practices > Unfair practices > Boycott, coercion, and intimidation
- Marketing Practices > Fiduciary responsibilities
- Marketing Practices > Compensation of licensees
- Marketing Practices > Required records and record retention
- Marketing Practices > Advertising
- Marketing Practices > Controlled business
- Marketing Practices > Duty to report fraudulent claims/Immunity from reporting fraudulent claims
- Marketing Practices > Alaska Insurance Guaranty Association
Alaska Specific Life — II. ALASKA LAWS, RULES AND REGULATIONS PERTINENT TO LIFE INSURANCE ONLY (10 scored questions)
- Policy requirements
- Individual life and annuities
- Individual life and annuities > Standard provisions
- Individual life and annuities > Policy loans
- Individual life and annuities > Standard nonforfeiture law
- Individual life and annuities > Life Insurance Policy and Annuity Replacement Contract
- Group Life
- Group Life > Eligible groups
- Group Life > Standard provisions
- Annuity Suitability
Examination sources
- Alaska Insurance Supplement, Examination Content Outlines
Supplement heading, effective date
- Alaska Insurance Supplement, Examination Content Outlines
Page S1, Life General Knowledge scoring
- Alaska Insurance Supplement, Examination Content Outlines
Page S2, Alaska Specific Life scoring
- Alaska Insurance Supplement, Examination Content Outlines
Page S1, general section I heading
- Alaska Insurance Supplement, Examination Content Outlines
Page S1, general section II heading
- Alaska Insurance Supplement, Examination Content Outlines
Page S1, general section III heading
- Alaska Insurance Supplement, Examination Content Outlines
Page S2, general section IV heading
- Alaska Insurance Supplement, Examination Content Outlines
Page S2, state section I heading
- Alaska Insurance Supplement, Examination Content Outlines
Page S3, state section II heading
- Alaska Insurance Supplement, Examination Content Outlines
Page S3, applicability footnote
- Alaska Insurance Licensing Candidate Handbook
Page 9, score reporting
- Alaska Insurance Licensing Candidate Handbook
Page 10, scaled score passing standard
- Alaska Insurance Licensing Candidate Handbook
Back cover, exam code 01
- Alaska Insurance Licensing Candidate Handbook
Page 3, Life general and state examination sections
- Alaska Insurance Licensing Candidate Handbook
Page 9, whole-examination retake boundary
Related license preparation
This examination may be required or accepted as an alternative, depending on the license and application pathway.