UT Life & Health study plan

Define the parties to a life insurance contract and explain how insurable interest, offer, acceptance, and consideration create a valid policy

Differentiate term, whole life, universal life, indexed universal life, and variable life by premium structure, cash value behavior, and risk borne by the owner

Explain how mortality tables, expense loading, and interest assumptions drive net premium

Distinguish ordinary, group, industrial, and credit life insurance by underwriting method and typical use

Identify which policy types build cash value and which do not, and state the tax treatment of each

Map every standard policy provision (grace period, reinstatement, incontestability, misstatement of age and sex, suicide clause, free-look) to its time frame and legal consequence

Compare the three nonforfeiture options and the dividend options available on participating policies

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

Sort the common riders (waiver of premium, disability income, accidental death, guaranteed insurability, long-term care, term, return of premium) by what triggers them and what they pay

Calculate the effect of a policy loan, partial surrender, and surrender charge on a universal life cash value

List Utah producer licensing requirements, including prelicensing, exam, renewal cycle, continuing education hours, and reinstatement after lapse

Outline the producer's duties to report address changes, criminal convictions, and administrative actions, and describe the appointment and termination process with an insurer

Distinguish the unfair trade practices prohibited under Utah law (misrepresentation, twisting, rebating, commingling, boycott, coercion) and match each to its penalty range

Explain Utah rules on replacement notices, disclosure, advertising, and life insurance illustrations

Describe the roles of the Utah Insurance Department and the commissioner's examination and hearing authority

Distinguish immediate from deferred annuities and fixed from variable annuities by who bears investment risk and how the contract is regulated

Explain the accumulation phase versus the annuitization phase and the surrender charge and free-withdrawal provisions that apply during accumulation

Compare beneficiary designations: primary, contingent, revocable, irrevocable, per stirpes, per capita, and the effect of a minor beneficiary

Trace the underwriting process from application through paramedical exam, attending physician statement, MIB report, and risk classification

Explain the insurer's use of the Fair Credit Reporting Act, HIPAA privacy rules, and the conditional receipt in the underwriting decision

Differentiate the major health policy definitions: deductible, coinsurance, copayment, out-of-pocket maximum, and benefit period, and show how they interact in a claim

Explain the uniform health policy provisions that mirror life insurance (entire contract, time limit on certain defenses, grace period, reinstatement, claim forms, proof of loss, legal actions) and state the time frame attached to each

Distinguish cancellable, optionally renewable, conditionally renewable, guaranteed renewable, and noncancellable policies by the insurer's right to raise rates or cancel

Apply coordination of benefits rules to a claim involving two group health plans

Compare major medical, HMO, PPO, POS, and high-deductible health plans paired with an HSA by network rules, gatekeeping, and cost sharing

Differentiate disability income, long-term care, accidental death and dismemberment, critical illness, and dental or vision policies by trigger, benefit, and typical exclusions

Identify which riders and exclusions attach to disability income policies (residual disability, COLA, presumptive disability, pre-existing condition, occupational exclusion)

Explain the HSA eligibility rules, contribution limits, and tax treatment of qualified medical withdrawals

Break down Medicare Parts A, B, C, and D by what each covers, eligibility, and premium and cost-sharing structure, including Medicare Advantage and Medigap interactions

Summarize Medicaid eligibility categories and the relationship between Medicaid and long-term care benefits

Distinguish Social Security retirement, survivor, and disability benefits by eligibility and benefit calculation basics

Re-drill the two lowest-scoring domains from every prior quiz by reworking missed items without notes

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

Convert every missed item on both exams into a flashcard paired with the underlying rule or definition

Re-teach the two weakest domains from memory on a blank sheet and verify against the text

Build a personal list of the ten facts most likely to be forgotten under stress and rehearse it daily