NV Life & Health study plan

Define the core risk vocabulary (risk, peril, hazard, pure vs. speculative risk, insurable interest, indemnity, adverse selection) from memory in your own words.

Diagram the life insurance underwriting and policy-delivery flow, labeling the applicant, producer, insurer, and underwriter responsibilities at each step.

Build a side-by-side comparison of term, whole life, universal life, and variable life covering premium flexibility, cash value, and death benefit structure.

Calculate a needs-based coverage estimate and a human life value estimate for two sample client profiles.

Explain the purpose of each standard policy provision (entire contract, incontestability, grace period, reinstatement, misstatement of age and sex, suicide clause) and state the consequence of violating it.

Differentiate the dividend options, nonforfeiture options, and settlement options, and select the correct option for six short scenarios.

Match at least ten riders (waiver of premium, disability income, accelerated death benefit, long-term care, term, child, payor benefit, return of premium, accidental death, cost-of-living) to the need each one solves.

Analyze a policy illustration to identify guaranteed vs. non-guaranteed elements and the assumed interest rate.

Compare fixed, indexed, and variable annuities by who bears the investment risk and how the accumulation value is credited.

Distinguish the accumulation period from the annuity period and describe surrender charges, free-withdrawal amounts, and annuitization triggers.

Calculate straight-life versus life-with-period-certain payout amounts from a given accumulation value and payout table.

Classify qualified vs. nonqualified retirement vehicles (401(k), traditional IRA, Roth IRA, SEP, 403(b)) by contribution limits, deductibility, and distribution rules.

Re-drill the Domain 4 provisions and options items missed in week 2 until you can state each rule without notes.

Differentiate HMO, PPO, POS, EPO, and high-deductible health plan models by network rules, referrals, and cost-sharing structure.

Compute total member out-of-pocket cost for three claim scenarios using deductible, coinsurance, copay, and out-of-pocket maximum.

Explain ACA metal tiers, essential health benefits, guaranteed issue, and the preventive-services rule.

Describe Medicare Parts A through D, Medicaid, and the coordination-of-benefits order when a member has two payers.

Contrast own-occupation and any-occupation definitions of disability and explain how the definition changes claim outcomes.

Distinguish elimination period, benefit period, residual and partial disability, presumptive disability, and recurrent disability provisions.

Calculate net disability income benefit after applying Social Security and employer offsets in three scenarios.

Explain group health underwriting characteristics, COBRA continuation rights, HIPAA portability, and conversion/continuation privileges.

Outline the defining features of group life and group disability plans, including contributory vs. noncontributory participation.

Outline Nevada producer licensing requirements, continuing education obligations, appointment and termination rules, and reporting of administrative actions.

Identify unfair trade practices (rebating, twisting, misrepresentation, churning, commingling) and the replacement regulations that apply when a policy is exchanged.

Distinguish the tax treatment of life premiums, death benefits, cash value growth, policy loans, dividends, and surrenders.

Distinguish the tax treatment of health premiums, employer-paid vs. employee-paid coverage, and disability income benefits depending on who paid the premium.

Compute the taxable portion of an annuity payout using the exclusion ratio and identify when the exclusion ratio no longer applies.

Explain modified endowment contract classification, the 7-pay test, and the tax treatment of 1035 exchanges and early surrenders.

Apply Nevada-specific penalties and disclosure requirements to four compliance scenarios involving replacement and misrepresentation.

Re-drill every item missed across weeks 1 through 6 and group the errors by root cause.

Sit two full-length timed practice exams under test-day conditions with no notes or pauses.

Analyze every missed item into one of three root causes: unknown fact, misread question, or faulty reasoning.

Re-drill all flagged items until you answer each one correctly twice in a row without references.

Condense the highest-risk rules from all eight domains into a single page of recall triggers.

Rehearse exam-day logistics: appointment time, identification, scratch materials, and question-pacing benchmarks.