Texas Life Insurance License – How to Get

Are you considering getting your Texas Life Insurance License?

If you are searching for information about how to obtain a Texas Life Insurance license, you have come to the right place. As you will see, this page is the #1 resource for everything you need to know about how to pass the Texas Life Insurance Exam. My name is Scott Schultze, and I am the director of insurance licensing content here at PassMasters. For over 20 years, my family has been teaching people in Texas how to get their insurance licenses.

Read on to find answers to the most commonly asked questions related to taking this exam. Do you have a question that isn’t answered below? If so, submit it to us on our Contact Us page and we will get right back to you and add your question to this page. If you have been studying to pass this exam and just aren’t getting it, or have taken the exam and failed, we can help. You can sign up with us here.

Texas Life Insurance License

Who gives the Texas insurance license exam?

Since insurance is regulated by state law, it is the Texas Department of Insurance, or TDI, who decides who administers the insurance licensing exam in Texas. Did you know, in some states the insurance exam is actually given by the Department of Insurance itself? Well, not in Texas. In Texas, the TDI has secured Pearson VUE, which is an IT service management company that has secured many state insurance license exam contracts throughout the nation. Pearson VUE also administers licensing exams for many other professions in Texas.

It is Pearson VUE that comes up with the exam questions you will encounter on your life insurance licensing exam. Essentially, Pearson VUE administers the entire insurance license exam process for Texas, on behalf of the TDI.

Pearson VUE Texas Insurance Licensing Candidate Handbook

What types of insurance can I sell with a Texas Life insurance license?

Once you obtain your license you will be able to sell fixed life insurance products, such as fixed life insurance and annuities.

What is the Texas Life Agent Exam Code?

You will need to know this information when you schedule your test. In Texas, there are two versions of the Life Agent test. One version is delivered in English and one is in Spanish. Here are the exam codes for each version:

English – InsTX-Life01

Spanish – InsTX-Life21

Texas Life Agent Exam Code

How many questions are on the Life Agent insurance exam in Texas?

There are 95 questions total on the Texas Life insurance licensing exam. The exam is made up of two parts as follows:

Part 1 – General Knowledge – 50 scoreable questions plus 10 pretest questions

Part 2 – State-Specific Content (Texas Insurance Regulations) – 30 scoreable questions plus 5 pretest questions

What is a pretest question? Well, before Pearson VUE can consider a test question statistically valid, they must test it out using the test takers (you) as a guinea pig. If everyone gets the answer right, or wrong, the question is deemed invalid and is not used any further.

You WILL NOT know which questions are pretest questions. However, they do not count towards your score. They are usually related to newer laws and concepts, so if you see a question out of left field, just assume it is a pretest question, do your best, answer it, and move on.

View the Texas Life Insurance Exam Outline

What is the time limit for the exam?

The exam has a 120-minute time limit. This breaks down to almost one minute and 30 seconds per question, which should be more than enough time. We have never had a study run out of time. However, it’s not a race. If you go too quickly you are guaranteed to miss a question or two simply because you misread it. Take your time and read the entire question before you look at any answers. There are no scheduled breaks during this exam, however, if you need to use the bathroom, or get a drink, do it!

How much does it cost to take the Texas Life licensing exam?

The exam is $33. Keep in mind that if you fail, you must pay the $33 fee again. The fee is a one-time test-taking fee and must be paid each time the exam is taken.

What is the minimum score required to pass?

The minimum score required to pass is 70%. The passing score for the exam is not based on each part separately but on the exam as a whole.

How long will it take for me to find out if I passed my exam?

Once you have completed your exam, the proctor will inform you shortly thereafter by printing out and presenting you with your official score report. You will NOT be informed which questions you answered correctly, or incorrectly. If you do not pass, make sure to keep this report, as it will give you insight into those areas you will need to focus on as you continue your studies.

Your score report is good for 12 months. If you do not obtain your license within 12 months, you will have to take and pass the licensing exam again.

What will the Texas Life Agent insurance exam questions look like?

All Texas insurance exams are multiple-choice and delivered via computer. The questions you will encounter on the life exam in Texas are pulled for each individual test-taker by Pearson VUE from their databank of thousands of questions. In other words, each exam is different and created for each individual test taker.

This is why it is so important to understand the concepts found in the exam outline to successfully answer any question you encounter on the exam. Below you will find a few sample life agent exam questions pulled directly from our Texas life-only insurance exam prep course, which are similar to those you will encounter on the exam:

Ralph Macchio owns a 30-pay life policy that he purchased at the age of 30. The cash value will equal the face amount of the policy when he reaches the age of:

A. 60
B. 30
C. 70
D. 100

Answer: D
Explanation:  Limited-pay life insurance policies such as life paid up at 65, or 20-pay life are simply variations of whole life policies. The cash value will equal the face amount of the policy (at least) at the maturity of the policy, which is always age 100 on whole life policies. These limited-pay policies are designed so that the insured may pay his or her premiums faster and be paid up at a certain age. However, just because the premiums are paid up doesn’t mean the policy has matured.

Dividend projections may be included in a proposal for life insurance when which of the following is true?

A. The applicant has requested that they are included
B. There is a clear statement that payment of future dividends is not guaranteed
C. The projected amounts are calculated based on the Commissioners Standard Ordinary Mortality Tables
D. The projected amounts do not exceed the dividends previously paid by the same insurance company

Answer:  B
Explanation:  Dividends MAY be paid to policyholders of a mutual insurance company, such as Mutual of New York. Dividends are considered to be a return of an overpayment by the IRS and, therefore, are not taxable. Although a company may state its past dividend history in a proposal, it is illegal to guarantee future dividends, since they might not occur.

How do I study to PASS my Texas Life Agent test?

It’s a pretty straightforward process really. Over the past 20 years, we have helped thousands of people do it. In our life-only exam prep course, you will find a 7-day study plan which will have you ready to pass your exam in only seven days.

The formula you will follow is to read a pdf section of our study manual, watch an instructor teach you the content in the section, watch a key fact video review and then complete a section review exam. You will complete each section in the course in this manner until you reach the course’s final exam. Pass the final exam with a 90% or better and you are ready to go!

Are you ready to pass? Find out really quickly by taking one of our free exams here and checkout feedback from a real-life person just like you who found success with our Texas Life-Only Insurance exam prep video course:

“Thank you, you really made studying a lot easier than sitting in a classroom all day. I was able to work around my schedule. I was done in less than the allotted time and was surprised at my score, as the questions are worded so differently, so what you say is true, you definitely have to know the material and not just memorize the questions. Thanks again!”

Jeanne

TX Life-Only student

How do I schedule my Life insurance exam in Texas?

You can schedule your exam with Pearson VUE online at https://home.pearsonvue.com/tx/insurance or by calling them at 1-888-754-7667. You must be at least 18 years of age before sitting for the exam and have a valid Social Security number.

Pro tip: Make sure to schedule your exam well in advance of completing our course so you can make sure to get the date and time you want at the test center of your choice. Pearson VUE encourages candidates to make their exam reservation at least twenty-four (24) hours in advance. We recommend even further in advance. Keep in mind exam testing fees are not accepted at the test center.

Where is the Texas life agent insurance licensing exam given?

Pearson VUE has many testing locations throughout Texas. Regardless of which one you choose to take your exam at, Pearson VUE recommends you arrive at the testing center at least 30 minutes before your scheduled exam so you can check-in. You should also be aware the testing center is a very serious place. They may make you empty your pockets and put all your personal belonging in a locker in the waiting room before you enter the testing room.

What happens if I fail my insurance exam?

Nothing. Keep in mind, that neither your score on your life insurance exam nor how many times it takes you to pass is an indication of how great you are going to be at this job.

If you do fail, you can schedule a new exam within one day. There is no limit to the number of times a candidate can take an exam. However, a new testing fee must be paid for each exam retake ($33).

It is also important for you to know the next time you take the exam you may not see any of the same questions you encountered before. Pearson VUE has thousands of questions in their databank, so it is unlikely you will see many of the same questions upon a second attempt at the exam. This is why it is so important to understand the concepts vs. memorizing questions and answers. Do you need help passing this exam? We have an excellent course where your success is guaranteed. You can view our Texas Insurance Exam Prep courses here.

Once I pass, how do I go about getting my Texas Life Agent insurance license?

The TDI will issue an insurance license to individuals who:

• Are at least eighteen (18) years old
• Have passed the proper licensing examination (if required) and submit a completed application within twelve (12) months after the exam is passed
• Submit a completed application with fee, and fingerprint receipt
• Met all applicable license requirements
• Have not committed an act for which a license may be denied, as defined under §4005.101 of the Texas Insurance Code and §1.502 of 28 Texas Administrative Code

You can apply electronically for your license as directed at www.sircon.com/texas after you have passed the exam. As mentioned above, your exam score report is only valid for 12 months from the date of issuance. If you don’t apply for your license within 12 months, the licensing exam must be taken again.

Sample Life insurance exam prep course videos:

Our course was created for someone who has NO insurance background at all! Using our 7-day study plan, you will start building an insurance definition-based foundation that will have you ready to answer all your exam questions correctly by the end of the course. Our course is highly video-based. Come on insurance is boring enough, but our instructor Scott makes it easy to understand. Sample course videos below:

Additional FREE Insurance Exam Prep Videos:

We also post insurance exam prep videos on our YouTube page to help those people that may need some additional help while studying for their Texas Life Agent license. You can find our page here and see some sample below: