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Life & Health Insurance Licensing Exam Prep

Maren Bunch
  • 5.0 (2)
  • COURSES

Life & Health Insurance Licensing Exam Prep This podcast is a comprehensive, exam-aligned study course designed to help candidates prepare for and pass the Life & Health Insurance Producer Licensing Exam. The series follows a structured, episode-by-episode curriculum that mirrors how the exam is written, focusing on high-yield concepts, clear definitions, product comparisons, taxation rules, suitability standards, and common exam traps. Coverage includes insurance fundamentals and contract law, life insurance products (term, whole, universal, and variable), annuities, individual and group health insurance, disability and long-term care insurance, government programs such as Medicare and Medicaid, taxation of insurance products, and state law, ethics, and producer responsibilities. The course concludes with a final review and exam strategy episode focused on high-frequency topics, trick questions, and test-day time management. This podcast is ideal for first-time test takers, repeat candidates, and anyone seeking a structured, audio-based study system for the Life & Health Insurance exam. Disclaimer: This podcast is fully AI-narrated. All episodes are read by artificial intelligence using professionally prepared scripts. The content is for educational purposes only and is not affiliated with any state insurance department or licensing authority.

  1. JAN 7 • SUBSCRIBERS ONLY

    Episode 22: Taxation of Life Insurance

    Here’s your Apple-podcast-listener description — concise, clear, human-facing, no AI language: ⸻ This episode breaks down how life insurance is treated under federal tax law and why different policies receive different tax outcomes. You’ll learn why personal life insurance premiums aren’t deductible, how cash value inside permanent policies can grow tax-deferred, and what happens when a policy is classified as a Modified Endowment Contract (MEC). We’ll walk through the real-world tax impact of loans, withdrawals, and full surrenders—including when FIFO or LIFO rules apply and how they determine what portion of a distribution is taxable income. Finally, you’ll discover why most beneficiaries receive death benefits tax-free, and the situations that can still trigger taxation, such as interest growth or certain ownership arrangements. By the end, you’ll have a clear roadmap for how the IRS evaluates life insurance dollars—while you’re alive and when benefits are passed on.

    34 min

  2. JAN 7 • SUBSCRIBERS ONLY

    Episode 23: Taxation of Health & Annuities

    In this episode, we break down how the IRS treats three major financial tools: health insurance, disability income coverage, and annuities. You’ll learn why the taxability of benefits depends heavily on whether premiums were paid with pre-tax or after-tax money, and how that rule shows up in real life when claims are paid. We’ll cover which health insurance costs can be deducted, how HSAs offer triple tax advantages, and when disability income is received tax-free versus fully taxable. Then we turn to annuities—explaining tax-deferred growth, how withdrawals are taxed, what the exclusion ratio means for monthly payouts, and when a 10% penalty applies. If you’ve ever wondered how these products fit inside the tax code, this episode gives you a clear roadmap without the legal jargon.

    30 min

  3. JAN 7 • SUBSCRIBERS ONLY

    Episode 24: Insurance Regulation & Licensing

    This episode breaks down how the insurance industry is regulated at the state level and why that matters for both consumers and professionals. We’ll explore the role of state insurance departments in monitoring company finances, enforcing market rules, approving products, and protecting policyholders from unfair practices. You’ll learn the difference between getting licensed to sell insurance and being appointed by a specific carrier—plus why both steps are required before earning commissions. We’ll also cover continuing education rules, renewal cycles, and the ethical standards producers are expected to uphold. Finally, we explain how reciprocity makes it possible to expand into other states through nonresident licensing without retaking exams. If you’re navigating entry into the industry or sharpening your compliance knowledge, this episode gives you a clear roadmap of what state supervision requires and how to stay legally authorized to practice.

    34 min

  4. JAN 7 • SUBSCRIBERS ONLY

    Episode 25: Producer Authority & Responsibilities

    In this episode, we break down what it truly means to be a licensed insurance professional and the responsibilities that come with that role. You’ll learn the difference between express, implied, and apparent authority—and how each one defines the relationship between a producer and the companies they represent. We’ll walk through the fiduciary duties agents owe their clients, including safeguarding money, avoiding any mix of personal and business funds, and always acting in the consumer’s best interest. The episode also covers the producer’s role as the first line of underwriting, the legal requirement to establish insurable interest, and the regulations that govern when one policy replaces another. Finally, we highlight recordkeeping rules and why maintaining accurate files for years after a sale isn’t just smart—it’s the law. This is your roadmap to the ethical standards, compliance expectations, and consequences every insurance producer needs to know.

    33 min

  5. JAN 7 • SUBSCRIBERS ONLY

    Episode 26: Ethics & Unfair Trade Practices

    This episode explores the ethical rules and legal safeguards that shape the insurance industry and protect consumers. We break down the most common prohibited sales practices—like twisting and churning—which occur when agents pressure clients to replace policies for the wrong reasons. You’ll also learn why offering rebates, spreading false claims about competitors, or exaggerating policy benefits are serious violations of state law. We examine how misrepresentation and false advertising distort client expectations and undermine trust, and we discuss the consequences for producers who cross the line—from fines and commission losses to license revocation and potential criminal charges. At its core, this episode reinforces a simple truth: ethical insurance practice requires honesty, transparency, and putting the client’s best interest first, every time.

    20 min

  6. JAN 7

    Episode 27: Claims, Underwriting & Policy Delivery

    In this episode, we walk through the full lifecycle of an insurance policy—from the moment an application is taken to the moment a claim is paid. You’ll learn how insurers assess risk during underwriting, what producers must do ethically and legally when gathering applicant information, and how a policy is formally delivered to its new owner. We’ll also break down the “free look” period, which gives policyholders a chance to review their contract and receive a full refund if they change their mind. Finally, we cover the rules surrounding claims handling, including the timelines and standards insurers must follow to ensure beneficiaries receive fair, prompt payments. Whether you’re studying for your licensing exam or expanding your industry knowledge, this episode gives you a clear overview of the regulations and professional duties that govern each step of the insurance process.

    31 min

  7. JAN 7

    Episode 28: Final Review & Exam Strategy

    This final prep episode is your roadmap to conquering the life and health insurance licensing exam. We spotlight the topics that show up again and again—policy differences, taxation rules, state regulations, contestability periods, grace windows, and the producer’s ethical duties. You’ll learn how to recognize trick questions, avoid confusion between similar industry terms, and stay grounded in the guiding principle behind every correct answer: protecting the consumer. We also share practical test-taking techniques, from pacing and time management to narrowing down choices and spotting overly absolute wording. Whether you’re brushing up on state law or drilling core concepts one last time, this episode reinforces the mindset, strategy, and confidence you need to walk into the testing center prepared—and walk out with a passing score.

    33 min

  8. JAN 6 • SUBSCRIBERS ONLY

    Episode 14: Health Insurance Fundamentals

    This episode introduces the core mechanics of health insurance and explains how medical costs are shared between insurers and patients. It walks through the primary purpose of health insurance, including how risk is spread across large groups to reduce the financial impact of medical care. You’ll learn how key cost-sharing terms—such as deductibles, copayments, and coinsurance—work together and the order in which they are applied. The episode also provides an overview of managed care models like HMOs and PPOs, explaining how provider networks, referrals, and preauthorization requirements are used to control healthcare expenses. Finally, this lesson highlights the role of the out-of-pocket maximum as a critical protection against overwhelming medical costs. By the end of the episode, you’ll be better equipped to calculate member responsibility, understand plan design, and avoid common misconceptions tested on licensing exams.

    37 min
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Ratings & Reviews

5
out of 5
2 Ratings

About

Life & Health Insurance Licensing Exam Prep This podcast is a comprehensive, exam-aligned study course designed to help candidates prepare for and pass the Life & Health Insurance Producer Licensing Exam. The series follows a structured, episode-by-episode curriculum that mirrors how the exam is written, focusing on high-yield concepts, clear definitions, product comparisons, taxation rules, suitability standards, and common exam traps. Coverage includes insurance fundamentals and contract law, life insurance products (term, whole, universal, and variable), annuities, individual and group health insurance, disability and long-term care insurance, government programs such as Medicare and Medicaid, taxation of insurance products, and state law, ethics, and producer responsibilities. The course concludes with a final review and exam strategy episode focused on high-frequency topics, trick questions, and test-day time management. This podcast is ideal for first-time test takers, repeat candidates, and anyone seeking a structured, audio-based study system for the Life & Health Insurance exam. Disclaimer: This podcast is fully AI-narrated. All episodes are read by artificial intelligence using professionally prepared scripts. The content is for educational purposes only and is not affiliated with any state insurance department or licensing authority.

Information

  • Creator
    Maren Bunch
  • Years Active
    2K
  • Episodes
    28
  • Provider
    Maren Bunch

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