IA Life & Health study plan

Define risk, peril, hazard, loss exposure, and pure vs. speculative risk in your own words without notes

Distinguish the contract characteristics tested on this exam: insurable interest, indemnity, utmost good faith, adhesion, and aleatory

Compare insurer types (stock, mutual, fraternal benefit society, reciprocal, government) by ownership, dividends, and purpose

Explain adverse selection, underwriting, field underwriting, and the producer's role at application

Build a 40-term flashcard deck covering Domain 1 vocabulary and drill it to automatic recall

Label the structural parts of a life policy: face amount, premium, cash value, policy date, and the clause that governs each

Differentiate term, whole life, universal life, variable life, and variable universal life by premium flexibility, cash value, and duration

Separate the rights and duties of policyowner, insured, and beneficiary, and draft correct primary/contingent/revocable designations for three scenarios

Explain assignment (absolute vs. collateral), ownership transfer, and when insurable interest must exist

Complete 60 Domain 2 practice questions and tag each miss by policy-type or provision sub-topic

Sequence the standard life policy provisions in exam order: grace period, reinstatement, incontestability, misstatement of age/sex, suicide clause, free look, and entire contract

Explain nonforfeiture options, dividend options, and policy loan mechanics, including what happens to cash value and death benefit

Match each rider to the need it solves: waiver of premium, disability income, accidental death, accelerated death benefit, long-term care, child term, guaranteed insurability

Calculate death benefit, loan interest, and surrender value from given numbers in five short scenarios

Recite all six core provisions aloud in plain language with no notes

Define deductible, coinsurance, copay, and out-of-pocket maximum, then compute the insurer's and insured's share in three claim scenarios

Apply coordination-of-benefits and primary/secondary payer rules to two dual-coverage examples

Classify renewability categories (cancellable, optionally renewable, conditionally renewable, guaranteed renewable, noncancellable) and state the insurer's right under each

Explain pre-existing condition clauses, contestability, and rescission at the concept level the exam tests

Drill 60 Domain 3 questions and log misses by cost-sharing, renewability, or eligibility sub-topic

Compare major medical, indemnity, HMO, PPO, and POS plans on network rules, referrals, and cost-sharing

Contrast own-occupation vs. any-occupation disability definitions, elimination periods, benefit periods, and residual/partial benefits

Summarize long-term care coverage, Medicare parts, Medigap, and Medicaid at the level this exam tests

Explain group health concepts: eligibility, open enrollment, COBRA continuation, and conversion privileges

Complete a 35-question mixed health quiz and re-drill every miss until clean

Outline Iowa producer licensing end to end: prelicensing, exam, application, appointment, renewal, and continuing education, verifying every timeline against the official Iowa outline

List producer duties and prohibited conduct: fiduciary handling of premiums, commingling, rebating, misrepresentation, twisting, churning, and controlled business

Explain replacement rules for life and health, including the notice and disclosure the producer owes the applicant

Identify the Iowa Insurance Division, the guaranty association, and the fraud and complaint channels, and state what each does

Complete 30 Iowa-only questions and mark any item whose answer you cannot trace to the official outline

Take one timed 100-question mixed exam and log every miss by domain and sub-topic in an error log

Re-study your two weakest sub-topics and re-test them until you reach 85% or higher on a targeted set

Build a single-page numbers and timelines sheet covering grace periods, free look, incontestability, renewability, and Iowa deadlines

Work 20 scenario and calculation questions under a time limit without reference notes

Complete two full-length timed practice exams under exam-day conditions with no notes

Convert every missed item into a flashcard and review the full deck before the second attempt

Recite from memory the life and health provisions list and the Iowa timelines sheet

Confirm exam-day logistics: registration status, accepted ID, testing rules, and score reporting