III IC-02 study plan
III IC-02 · Give each week a clear focus.
8 weeks · About 6 hours per week
Practice of Life Insurance (content domains not enumerated in source)
Map the full IC-02 syllabus into a one-page outline that lists every named topic under Practice of Life Insurance and flags the three heaviest clusters by estimated exam weight.
Define the core vocabulary of life insurance (policy, premium, insurer, policyholder, beneficiary, insured, underwriting) in your own words without consulting notes.
Build a 40-term glossary spreadsheet with a definition, a one-line example, and a confidence rating for each term.
Complete 30 practice questions on foundational terminology and log every miss with the reason it was missed.
Your checkpoint
A one-page syllabus map plus a 40-term glossary with confidence ratings, and a logged error list from the first 30 practice questions.
Practice of Life Insurance (content domains not enumerated in source)
Explain the distinguishing features of life insurance versus general insurance, including the long-term contract nature and the role of mortality risk.
Describe the main categories of life insurance products and state the core purpose of each in one sentence.
Draw a diagram linking the parties to a life insurance contract and the flow of premium, risk, and benefit.
Answer 40 mixed questions on product types and contract parties, then rework every incorrect item until you can justify the right answer aloud.
Your checkpoint
A one-page contract-parties and premium-flow diagram plus a corrected set of 40 answered questions with written justifications.
Practice of Life Insurance (content domains not enumerated in source)
Trace the life insurance sales process end to end, from prospecting and needs analysis through application, underwriting, policy issue, and delivery.
Summarize the purpose and main contents of the application and the agent's report in your own words.
Explain why disclosure of material information at application matters and list the consequences of misrepresentation.
Practice three short needs-analysis scenarios and write the fact-find questions you would ask in each.
Your checkpoint
A written walkthrough of the sales and application process with three completed needs-analysis scenario write-ups.
Practice of Life Insurance (content domains not enumerated in source)
Explain the underwriting decision process, including the roles of medical and financial information and the possible outcomes (standard, rated, excluded, declined, postponed).
Describe policy delivery requirements and the significance of the free-look period.
Identify the main policy provisions and riders and state what each does.
Complete a timed 50-question set covering the first half of the syllabus and score it.
Your checkpoint
A timed 50-question practice test with a score recorded and a written review of every missed question.
Practice of Life Insurance (content domains not enumerated in source)
Explain premium components (mortality, interest, expense) and how they combine to set a gross premium.
Compare the main premium payment modes and describe the consequences of non-payment, including grace period and lapse.
Describe policy ownership rights: assignment, surrender, loans, and beneficiary designation and change.
Draft a one-page comparison of beneficiary types and the rules that govern each.
Your checkpoint
A one-page premium and policy-owner-rights summary plus a beneficiary-type comparison table.
Practice of Life Insurance (content domains not enumerated in source)
Explain the claims process from notification through documentation, assessment, and settlement.
List the common reasons a claim may be contested and how each is resolved.
Describe the agent's role and ethical duties during claims and throughout the policy lifecycle.
Answer 40 scenario-based questions on premiums, ownership, beneficiaries, and claims.
Your checkpoint
A written claims-process flowchart plus a corrected set of 40 scenario questions with reasoning notes.
Practice of Life Insurance (content domains not enumerated in source)
Synthesize the whole syllabus into a single condensed review sheet of no more than four pages.
Teach three difficult topics aloud from memory, recording yourself and noting any gaps.
Complete a full-length timed practice exam under exam conditions.
Rank your weakest five topics by error frequency and schedule targeted review for each.
Your checkpoint
A four-page condensed review sheet, a recorded teach-back of three topics, and a scored full-length practice exam with a ranked weakness list.
Practice of Life Insurance (content domains not enumerated in source)
Rework every missed question from weeks 4 through 7 until each is answered correctly with a written justification.
Re-drill your five weakest topics using flashcards until you reach two consecutive clean passes.
Take one final timed practice exam and compare the score against week 7.
Write a one-page exam-day plan covering timing per question, handling of uncertain items, and review strategy.
Your checkpoint
A clean error log with all previously missed questions corrected, two final practice exam scores, and a one-page exam-day plan.
Milestones
Week 2: You can define the core life insurance vocabulary and name every major product category from memory, and your glossary has at least 40 entries.
Week 4: You score at least 70 percent on the timed 50-question set covering the first half of the syllabus, with every miss reviewed in writing.
Week 6: You can explain the full policy lifecycle from application to claim settlement without notes, and you score at least 75 percent on the 40 scenario questions.
Week 7: You complete a full-length timed practice exam and score at least 80 percent, and you have a ranked list of your five weakest topics.
Week 8: Your final practice exam score is at or above your week 7 score, your error log shows no uncorrected items, and your exam-day plan is written.