FL Life & Health study plan

Define risk, peril, hazard, pure vs. speculative risk, and the three insurable-risk characteristics in your own words

Explain indemnity, insurable interest, utmost good faith, adhesion, aleatory, and warranty/representation as they apply to life and health contracts

Distinguish stock vs. mutual insurers, participating vs. nonparticipating policies, and the roles of agent, MGA, and insurer in distribution

Compare term, whole life, universal life, and variable life on premium, cash value, death benefit, and renewal/convertibility features

Identify the parties to a life insurance contract and how ownership rights differ from insured status

Match at least 20 policy provisions (grace period, reinstatement, incontestability, misstatement of age, suicide clause, entire contract, free look) to their legal effect

Apply the three nonforfeiture options and the four dividend options to numeric scenarios

Differentiate settlement options (lump sum, life income, fixed period, fixed amount, interest only) by payout pattern and beneficiary risk

Classify beneficiary designations (primary, contingent, revocable, irrevocable, per stirpes, per capita) and determine who receives proceeds in 10 fact patterns

Explain how riders such as waiver of premium, disability income, accidental death, accelerated death benefit, and term rider change the base policy

Contrast indemnity, service-benefit, and managed care models, including HMO, PPO, POS, and EPO network and referral rules

Compute deductible, coinsurance, copay, out-of-pocket maximum, and calendar-year reset outcomes for at least six claim scenarios

Explain major medical provisions: preexisting conditions, coordination of benefits, utilization review, and internal/external appeal rights

Describe Medicare Parts A-D, Medicare Supplement plan standardization, and Medicaid's role as a payer of last resort

Outline the Florida requirements for limited-benefit and specified-disease policies, including mandated disclosure language

Define total disability using own-occupation vs. any-occupation definitions and predict benefit outcomes under each

Calculate disability income benefit periods, elimination periods, and residual/partial benefit amounts for four case files

Interpret the LTC benefit triggers (ADL limitation, cognitive impairment), elimination period, inflation protection, and nonforfeiture options

Distinguish acute care, skilled nursing, custodial, and home health coverage and identify Medicare's gaps for each

Classify other health products: critical illness, accident, hospital indemnity, and dental/vision, noting benefit triggers and limitations

Compare immediate vs. deferred, fixed vs. variable, and indexed annuities on accumulation, payout, and risk allocation

Apply annuity settlement options and compute the exclusion ratio for a nonqualified annuity payout

Explain qualified plan types (IRA, Roth IRA, 401(k), SEP, SIMPLE, 403(b)) and their contribution and distribution rules at a conceptual level

Describe group life underwriting (master contract, certificate of insurance, actively-at-work rule, contributory vs. noncontributory participation percentages)

Explain COBRA/continuation concepts, group health eligibility, and conversion and portability rights when group coverage ends

Determine the taxation of life premiums, cash value growth, policy loans, dividends, surrenders, and death proceeds under IRC treatment

Apply the MEC rules and explain the tax treatment of annuity accumulation and annuity distributions

Classify employer-paid vs. employee-paid health premiums, and describe tax treatment of disability income benefits and long-term care premiums

Sequence the underwriting process from application through attending physician statement, inspection report, MIB, and risk classification

Execute the policy delivery steps: delivery receipt, conditional receipt vs. binding receipt, free-look explanation, and replacement disclosure

Prepare a field underwriting file that documents insurable interest, replacement comparison, and suitability findings

Map the Florida regulatory framework: Department of Financial Services, Office of Insurance Regulation, licensing, appointment, CE hours, and producer duties

Identify Florida replacement rules, including required notice, comparison forms, and recordkeeping timelines

Recognize unfair trade practices and prohibited conduct: rebating, twisting, misrepresentation, defamation, boycott, coercion, and commingling of funds

Apply fiduciary handling rules for premiums, including trust capacity and timely remittance

Summarize Florida-specific life and health mandates and consumer complaint and disciplinary processes

Re-drill every item from your error log until each is answered correctly twice without notes

Complete two full-length timed practice exams simulating exam pacing and calculator rules

Review state-specific exceptions and numeric thresholds (participation percentages, time frames, limits) in a single consolidated sheet

Practice flagging and skipping time-consuming calculation items to protect pacing on exam day