Free Oklahoma Life Exam Practice Test

The Oklahoma Life producer exam is given by PSI and covers general insurance concepts, life policies, and Oklahoma insurance law and regulation.

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100

Scored items (approx.)

120 min

Time limit

70%

Passing score

867

Practice questions

Topics covered on the Life exam

Insurance Regulation

210 practice questions · Regulatory body, Commissioner selection, Insurance code, Producer definition, …

General Insurance Concepts

78 practice questions · Pure risk, Peril, Hazard, Law of large numbers, …

Life Insurance Basics

134 practice questions · Insurable interest, Primary beneficiary, Contingent beneficiary, Revocable beneficiary, …

Types of Life Insurance Policies

115 practice questions · Term insurance, Whole life, Decreasing term, Universal life, …

Life Policy Provisions Options and Riders

158 practice questions · Free look, Grace period, Incontestability, Reinstatement, …

Annuities

93 practice questions · Annuity purpose, Accumulation phase, Fixed annuity, Variable annuity, …

Federal Tax Considerations

79 practice questions · Death benefit taxation, Cash value growth, Annuity taxation, Premium deductibility, …

Practice Test: Life

Answer choices are shuffled every time, and every question comes with an explanation.

Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.