Alaska Life & Health study plan

Define the four elements of a valid contract and classify insurance contracts by their legal characteristics (adhesion, aleatory, unilateral, conditional, utmost good faith).

Distinguish representations, warranties, concealment, misrepresentation, waiver, and estoppel, and state the consequence of each for a claim.

Outline the life underwriting workflow: application parts, agent's report, medical information bureau, attending physician statement, paramedical exam, and the meaning of a conditional receipt.

Identify the parties to a life policy, the incidents of ownership, and the beneficiary classes (primary, contingent, revocable, irrevocable), including per stirpes versus per capita distribution.

Answer 60 practice items on general concepts and life basics, logging every miss by topic.

Compare term products (level, decreasing, increasing, annually renewable, return of premium) by premium pattern, renewal, and conversion rights.

Differentiate whole life, limited-pay, and single-premium designs, and explain how each builds guaranteed cash value.

Contrast universal life, indexed universal life, and variable life/universal life on premium flexibility, interest crediting, separate accounts, and risk borne by the owner.

Explain nonforfeiture options, policy loan mechanics, and the effect of a loan on death benefit if it is never repaid.

Build a side-by-side comparison matrix for eight policy types listing premium, cash value, death benefit, and guarantees.

Define deductible, coinsurance, copayment, and out-of-pocket maximum, then compute the insured's share of five sample claims.

Distinguish HMO, PPO, POS, and EPO models on network rules, gatekeeping, referrals, and out-of-network coverage.

Compare basic surgical/medical plans with major medical coverage, and scheduled reimbursement with usual-customary-reasonable reimbursement.

Explain coordination of benefits, primary versus secondary payer rules, and how duplicate coverage is settled.

Complete 40 practice items on medical expense coverage, keeping a running accuracy score.

Identify mandatory life provisions (entire contract, grace period, reinstatement, incontestability, misstatement of age, free look) and the time limit tied to each.

Explain the dividend options, nonforfeiture options, and settlement options, and select the appropriate option for a stated client objective.

Distinguish the common riders: waiver of premium, disability income, accidental death, guaranteed insurability, child term, long-term care, and return of premium.

Map Alaska producer licensing requirements: license types, appointment, continuing education hours, renewal cycle, reciprocity, and the duty to report administrative actions.

Identify Alaska unfair trade practices, replacement rules, and the penalties attached to each violation.

Distinguish immediate from deferred annuities, fixed from variable and indexed, and qualified from nonqualified, stating who bears investment risk in each.

Explain the accumulation and annuitization phases, settlement options, surrender charges, and free-withdrawal provisions.

Calculate the exclusion ratio for a nonqualified annuity and explain how annuity income and lump sums are taxed, including the early-withdrawal penalty.

Apply life insurance tax rules: death benefit exclusion, inside buildup, transfer-for-value, modified endowment contract tests, and Section 1035 exchanges.

Compare retirement vehicles (traditional IRA, Roth IRA, 401(k), 403(b), SEP, SIMPLE) and match business uses (buy-sell, key person, executive bonus, split dollar, deferred compensation) to stated needs.

Compare own-occupation, any-occupation, split, and loss-of-income definitions of disability and predict claim outcomes under each.

Explain elimination periods, benefit periods, residual and partial disability, cost-of-living riders, and Social Security offsets in a disability income policy.

Identify long-term care benefit triggers (ADL impairment, cognitive impairment), reimbursement versus indemnity models, and the tax treatment of LTC benefits and premiums.

Describe group life underwriting and eligibility, contributory versus noncontributory enrollment, conversion and portability rights, and group health continuation rules.

Summarize worksite and other group benefits, including the interaction of group coverage with individual coverage.

Differentiate Medicare Parts A, B, C, and D on eligibility, financing, coverage, and enrollee cost, and contrast Medicare with Medicaid and CHIP.

Explain ACA market reforms: guaranteed issue, essential health benefits, metal tiers, premium tax credits, preventive services, and dependent coverage to age 26.

Identify consumer protections: HIPAA privacy and portability, COBRA and state continuation timelines, ERISA preemption, claims and appeal deadlines, and external review rights.

Re-verify Alaska-specific rules on policy delivery, replacement notices, claims handling timelines, and continuing education before exam day.

Re-drill the highest-weight topics in life basics and medical expense coverage by reworking every item missed in weeks 1 through 7.

Take two timed, full-length practice exams covering all eleven domains and compare domain-by-domain scores.

Rewrite condensed notes for the four weakest domains from the practice exams into a single-sheet review page.

Simulate exam-day pacing, confirming you can finish the full item count inside the time limit with review time left.