17 Free Missouri Life Insurance Producer Exam Practice Questions (2026)

17 min read|Updated 2026-10-18

How to Use This Life Insurance Producer Question Set

Missouri's Life Insurance Producer exam is one of three paths to a Life line of authority — the other two being the Accident and Health Insurance Producer exam on its own, and the combined Life, Accident and Health Insurance Producer exam that covers both lines in one sitting. Sat on its own, it delivers 90 scored questions plus 10 unscored pretest questions, in 2 hours, for $32 per attempt at a Pearson VUE test center. Passing takes a scaled score of 70 on a 0-100 scale, set by the Missouri Department of Commerce and Insurance together with Pearson VUE.

Pearson VUE's content outline splits the 90 scored items into Types of Policies (15), Life Provisions, Riders, Options, and Exclusions (15), Completing the Application, Underwriting, and Delivering the Policies (12), and Retirement and Other Insurance Concepts (8) — 50 general-knowledge items — plus 40 Missouri-specific items split evenly between law common to all lines (20) and law pertinent to life insurance only (20). Missouri-specific law is nearly half the exam.

These 17 questions come from chapters 1, 2, 3 and 8 of LanePrep's Missouri Life, Accident & Health quiz bank, none of them repeated from the free 25-question sample across all three exam versions: six on life insurance policy types (chapter 1), six on life provisions, riders and the application process (chapters 2 and 3), and five on Missouri law pertinent to life insurance only (chapter 8). Each question shows its chapter, so a miss tells you exactly which audio lesson to replay.

Missouri does not require a pre-licensing course for Life Insurance Producer candidates. The NAIC's compiled pass-rate data puts the first-time Life pass rate at roughly 53-64% across the last two years — meaningfully short of a sure thing, so this is not a set to guess through.

Work them before you read the answer. Every question has the explanation folded underneath it. Guessing and then reading is worth more than reading and then agreeing.

Practice Questions 1-6: Life Insurance Policy Types

Types of Policies is 15 of the Life Insurance Producer exam's 90 scored items. These six move through universal life's flexible premiums and death benefit, a variable whole life policy tied to a separate account, variable universal life's combination of the two, decreasing term built for a shrinking mortgage balance, a convertible term feature, and a joint first-to-die policy covering two insureds.

Question 1 (Chapter 1)

Maria, a 30-year-old in Missouri, is looking for a life insurance policy that offers flexibility in premium payments and the death benefit. She wants the ability to adjust her payments based on her financial situation and potentially increase or decrease her death benefit as her family's needs change. Which policy type offers this level of flexibility?

A) Ordinary Whole Life
B) Limited-Pay Whole Life
C) Level Term
D) Universal Life

Show answer & explanation

Answer: D

Universal Life policies are known for their flexibility, allowing policyholders to adjust both premium payments (within certain limits) and the death benefit amount. Ordinary Whole Life and Limited-Pay Whole Life have fixed, guaranteed premiums. Level Term provides a fixed death benefit for a specific period and no cash value flexibility.

Question 2 (Chapter 1)

A Missouri client, John, is interested in a life insurance policy where the cash value and death benefit can fluctuate based on the performance of a separate account, which consists of various investment funds. He understands the risks involved and is willing to accept them for potentially higher returns. What type of policy is John describing?

A) Universal Life
B) Interest-Sensitive Whole Life
C) Indexed Life
D) Variable Whole Life

Show answer & explanation

Answer: D

Variable Whole Life policies have fixed premiums, but their cash value and death benefit are tied to the performance of a separate account, which invests in various sub-accounts chosen by the policyholder. This involves market risk and requires the producer to hold a securities license. Universal Life and Interest-Sensitive Whole Life are interest-sensitive but not directly tied to separate investment accounts in the same way. Indexed Life ties cash value to an equity index, not direct investment in sub-accounts.

Question 3 (Chapter 1)

Emily, a Missouri resident, wants a life insurance policy that combines the flexibility of universal life with the investment options of variable life. She is comfortable with market risk and understands that she needs a producer with a securities license to explain the product. Which policy type fits her requirements?

A) Traditional Whole Life
B) Indexed Life
C) Interest-Sensitive Whole Life
D) Variable Universal Life

Show answer & explanation

Answer: D

Variable Universal Life (VUL) combines the flexible premiums and adjustable death benefits of Universal Life with the investment choices and market risk of Variable Life, where cash values are invested in a separate account. This product requires a securities license. Traditional Whole Life and Interest-Sensitive Whole Life do not offer direct investment in separate accounts. Indexed Life ties cash value to an equity index, not direct investment in sub-accounts.

Question 4 (Chapter 1)

A Missouri couple, Robert and Lisa, are concerned about covering their outstanding mortgage balance should one of them pass away. They want a life insurance policy where the death benefit decreases over time, mirroring the decreasing balance of their mortgage. Which type of policy is most appropriate for their situation?

A) Level Term
B) Decreasing Term
C) Whole Life
D) Return of Premium Term

Show answer & explanation

Answer: B

Decreasing Term insurance is specifically designed to cover liabilities that decrease over time, such as a mortgage. The death benefit gradually reduces over the term of the policy. Level Term has a constant death benefit. Whole Life has a level death benefit and cash value. Return of Premium Term returns premiums if the insured outlives the term, but the death benefit itself typically remains level or decreases.

Question 5 (Chapter 1)

Patricia, a 28-year-old Missouri resident, is seeking affordable life insurance coverage for the next 15 years while her children are young. She wants a guaranteed death benefit for this period but is open to converting it to permanent coverage later without needing another medical exam. What feature should her term policy include?

A) Annually Renewable
B) Return of Premium
C) Decreasing
D) Convertible

Show answer & explanation

Answer: D

A Convertible Term policy allows the policyholder to convert their term coverage into a permanent policy (like whole life) without providing evidence of insurability, which means no new medical exam is required. Annually Renewable Term allows renewal but not conversion to permanent. Return of Premium Term focuses on returning premiums, not conversion. Decreasing Term has a death benefit that reduces over time.

Question 6 (Chapter 1)

A Missouri couple, Tom and Nancy, are purchasing a life insurance policy that will pay a death benefit only upon the death of the first insured. They want the policy to provide funds for the surviving spouse immediately after the first death. Which type of combination plan should they consider?

A) Survivorship Life
B) Joint Life (First-to-Die)
C) Two separate Whole Life policies
D) Indexed Universal Life

Show answer & explanation

Answer: B

Joint Life (First-to-Die) policies cover two or more lives and pay out the death benefit upon the first death among the insureds. The policy then terminates. Survivorship Life (Second-to-Die) policies pay out only upon the death of the last surviving insured. While two separate policies would work, Joint Life is a specific combination plan designed for this purpose. Indexed Universal Life is a single-life policy type, not a combination plan for multiple insureds.

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Practice Questions 7-12: Life Provisions, Riders and the Application Process

Life Provisions, Riders, Options, and Exclusions and Completing the Application, Underwriting, and Delivering the Policies together make up 27 of the exam's 90 scored items. These six move through an accidental death and dismemberment rider's payout, the reduced paid-up nonforfeiture option, the incontestability clause, what counts as a replacement under Missouri's regulations, when insurable interest must exist, and why a stranger-originated life insurance arrangement is prohibited.

Question 7 (Chapter 2)

An insured has a $200,000 whole life policy with a $50,000 Accidental Death and Dismemberment (AD&D) rider. The insured dies in a high-speed car accident caused by a mechanical failure. How much will the insurer pay?

A) $50,000
B) $200,000
C) $400,000
D) $250,000

Show answer & explanation

Answer: D

The AD&D rider pays an additional sum (the principal sum) if death results from an accident. Here, the base policy ($200,000) plus the rider ($50,000) equals a total payout of $250,000.

Question 8 (Chapter 2)

A policyowner stops paying premiums on a whole life policy that has accumulated $10,000 in cash value. If the owner chooses the 'Reduced Paid-Up' non-forfeiture option, what happens?

A) The insurer provides a term policy for the original face amount for a limited time.
B) The insurer sends a check for $10,000 and cancels the coverage.
C) The insurer uses the cash value to pay the monthly premiums until the money runs out.
D) The cash value is used as a single premium to buy a permanent policy with a lower face amount.

Show answer & explanation

Answer: D

The Reduced Paid-Up option uses the existing cash value to purchase a single-premium permanent policy of the same type as the original, but with a reduced face amount. Option A describes Extended Term, and Option B describes Cash Surrender.

Question 9 (Chapter 2)

Which life insurance policy provision prevents an insurer from denying a claim due to a misstatement on the application after the policy has been in force for a specific period (usually two years)?

A) The Entire Contract Clause
B) The Owner's Rights Provision
C) The Assignment Provision
D) The Incontestability Clause

Show answer & explanation

Answer: D

The Incontestability Clause prevents the insurer from challenging the validity of the policy based on statements in the application after it has been in force for two years during the insured's lifetime, except for nonpayment of premiums or misstatement of age/gender.

Question 10 (Chapter 3)

Under Missouri's replacement regulations, which of the following actions by a producer would be considered a 'Replacement'?

A) Converting a group life certificate to an individual policy upon termination of employment.
B) An insured exercising a term conversion rider within the same company.
C) A policyholder taking a loan against their policy to pay for a vacation.
D) Lapsing an existing policy to purchase a new one with a different insurer.

Show answer & explanation

Answer: D

Replacement occurs when a new policy is purchased and an existing policy is lapsed, forfeited, surrendered, or otherwise terminated. Converting group coverage or exercising internal conversion riders are generally exempt from replacement rules.

Question 11 (Chapter 3)

In Missouri, for a life insurance contract to be valid, when must insurable interest exist?

A) At the time of the insured's death.
B) Continuously from the application until the death of the insured.
C) Only when the first claim is filed.
D) At the time of the application.

Show answer & explanation

Answer: D

In life insurance, insurable interest must exist only at the inception of the policy (the time of application). It does not need to exist at the time of death, unlike property insurance.

Question 12 (Chapter 3)

A Missouri producer is helping a client who has been offered a 'Stranger-Originated Life Insurance' (STOLI) arrangement. The producer should inform the client that STOLI is generally prohibited because it violates:

A) The Fair Credit Reporting Act.
B) The USA PATRIOT Act's anti-money laundering provisions.
C) The Gramm-Leach-Bliley Act.
D) The principle of insurable interest.

Show answer & explanation

Answer: D

STOLI (or IOLI) involves investors persuading individuals to take out life insurance policies with the intent of selling them to the investors. This violates the principle of insurable interest because the purchaser (the investor) has no interest in the insured's continued life.

Practice Questions 13-17: Missouri Life Law

Missouri law pertinent to life insurance only is 20 of the exam's 90 scored items. These five move through the statutory cap on a suicide exclusion period, when a war exclusion is actually enforceable, why an aviation exclusion targets pilots rather than passengers, the dual insurance-and-securities regulation of variable life insurance, and the bona fide classification rule for excluding a group of employees from a group life plan.

Question 13 (Chapter 8)

Under Missouri law, which of the following is true regarding the suicide exclusion period that a life insurer may include in a life insurance policy?

A) The suicide exclusion period is set at the insurer's sole discretion and is not subject to any statutory maximum.
B) The suicide exclusion period is prohibited in Missouri.
C) The suicide exclusion applies for the entire life of the policy, with no time limit.
D) Missouri law caps the suicide exclusion period at a maximum length stated in the policy, after which the full death benefit is payable even if death is by suicide.

Show answer & explanation

Answer: D

Under RSMo Chapter 376, insurers may include a suicide exclusion in a life insurance policy, but the length of that exclusion period is capped by Missouri law; once the period stated in the policy has elapsed, the full death benefit is payable even if death is by suicide. Option A is incorrect because the length is capped by law, not left to the insurer's discretion. Option B is incorrect because suicide exclusions are permitted, subject to the statutory cap. Option C is incorrect because the exclusion does not run for the life of the policy; it is limited to an initial period.

Question 14 (Chapter 8)

A Missouri life insurance policy includes a war exclusion clause. According to Missouri law and standard policy provisions, under which condition is this war exclusion most likely to be enforceable?

A) If the insured dies as a result of any act of war, whether declared or undeclared.
B) Only if the insured is a civilian who dies in a declared war involving the United States.
C) War exclusions are prohibited in Missouri life insurance policies.
D) If the insured dies while serving in the military of any country during a time of war.

Show answer & explanation

Answer: D

Standard life insurance policies in Missouri, consistent with RSMo Chapter 376's general provisions, typically include a war exclusion that is enforceable if the insured dies while serving in the military of any country during a time of war. This exclusion is generally not applied to civilians. Option A is too broad, as it would apply to civilians in undeclared conflicts, which is not standard. Option B is too narrow, limiting it to declared wars involving the U.S. only. Option C is incorrect because war exclusions are not prohibited in Missouri; they are a standard, permissible provision.

Question 15 (Chapter 8)

An aviation exclusion in a Missouri life insurance policy would most likely exclude coverage for death resulting from which of the following scenarios?

A) Death while flying as a passenger on a regularly scheduled commercial airline flight.
B) Death while flying as a passenger on a chartered flight for a business trip.
C) Death while flying as a passenger on a military transport flight.
D) Death while piloting a private aircraft for personal recreation.

Show answer & explanation

Answer: D

Standard aviation exclusions in life insurance policies, permissible under Missouri law (RSMo Chapter 376), typically exclude coverage for death resulting from flying as a pilot or crew member of a non-commercial aircraft. Death while flying as a passenger is almost always covered, whether the flight is commercial, chartered, or military. Options A, B, and C describe passenger scenarios, which are generally not excluded. Only option D describes piloting a private aircraft for personal use, which is the classic scenario an aviation exclusion is written to exclude.

Question 16 (Chapter 8)

A Missouri resident purchases a variable life insurance policy. Which statement is true regarding the regulation of this product under Missouri law?

A) Variable life insurance is regulated solely as a security under Missouri law, and the producer needs only a securities license to sell it.
B) Variable life insurance products are not permitted for sale in Missouri.
C) The cash value of a variable life insurance policy in Missouri is guaranteed by the Missouri Insurance Guaranty Association.
D) Variable life insurance is regulated as both insurance and a security, requiring the producer to hold both a life insurance license and be registered with FINRA.

Show answer & explanation

Answer: D

Variable life insurance is considered a hybrid product, regulated as both insurance (under state insurance law) and a security (under federal securities law). Therefore, to sell variable life insurance in Missouri, a producer must hold a valid life insurance license issued by the Missouri DCI and be registered with FINRA (typically holding a Series 6 or 7 license). Option A is incorrect because it is not regulated solely as a security. Option B is incorrect because variable life insurance is permitted for sale. Option C is incorrect because the Missouri Insurance Guaranty Association does not guarantee the cash value of variable life policies, as the investment risk is borne by the policyholder.

Question 17 (Chapter 8)

An employer in Missouri offers a group life insurance plan to its employees. Which of the following statements is true regarding Missouri law on group life insurance?

A) Missouri law requires that group life insurance plans must be contributory, meaning employees must pay at least part of the premium.
B) Group life insurance policies in Missouri are not subject to any state laws regarding conversion or portability options.
C) The employer owns the group life insurance policy and can name any beneficiary, regardless of the employee's wishes.
D) An employer can exclude a specific class of employees (e.g., part-time workers) from the group life plan only if the exclusion is based on bona fide employment-related classifications.

Show answer & explanation

Answer: D

RSMo Chapter 376 governs group life insurance and permits exclusions of certain classes of employees (e.g., part-time, temporary) only if the classification is based on bona fide employment-related factors that are consistent with the employer's usual business practices. Option A is incorrect because group life insurance can be either contributory or non-contributory; Missouri law does not require it to be contributory. Option B is incorrect because group life policies must include conversion and portability options as specified in the statute. Option C is incorrect because while the employer owns the master contract, certificates are issued to employees, and employees typically name their own beneficiaries; the employer cannot arbitrarily name beneficiaries for employees.

The Life Insurance Producer Mistakes That Cost Marks

Confusing decreasing term with level term, and conversion with a refund. Decreasing term is built to match a shrinking liability like a mortgage balance; level term keeps a constant death benefit throughout. Separately, a convertible term rider is about converting to permanent coverage without a new medical exam, not about returning any premiums paid.

Treating the Reduced Paid-Up nonforfeiture option as if it ends the policy. It uses the existing cash value as a single premium to buy a smaller permanent policy that stays in force for life. A policy that instead issues a term policy for the original face amount, but only for a limited time, is using the extended term option, not reduced paid-up.

Reading the Incontestability Clause as if it settles every later question about the policy. Once its window has passed, the insurer can no longer contest the policy over application misstatements, but that is a separate rule from insurable interest, which only has to exist when the application is made, not at the time of death.

Treating a group life conversion, or a term conversion exercised within the same company, as a "replacement." Missouri's replacement rules are triggered by lapsing, surrendering or otherwise terminating an existing policy to buy a new one with a different insurer — not by routine conversions that stay within the same coverage or the same company.

Assuming every policy exclusion works the same way. A suicide exclusion is capped at a stated length, after which the full benefit is payable even for suicide; a war exclusion generally applies only to someone serving in a military during wartime, not to civilians; and an aviation exclusion targets piloting a private aircraft, not riding as a passenger on any kind of flight.

Chapters 1, 2, 3 and 8 of the LanePrep Missouri course cover exactly this material as audio lessons, each with its own chapter quiz; chapters 1 and 9 preview free, no signup. For a 25-question sample across all three exam versions, see the free practice set; for the Accident and Health Insurance Producer exam, see the Accident & Health question set.

Your Next Step

How did you score?

14 or more correct (82%+): You are comfortably in range for Missouri's scaled score of 70. Book the Life Insurance Producer exam (or the combined exam, if you are also sitting Accident and Health), then read how to pass the Missouri Life & Health exam on the first try for the full study plan.

11-13 correct: You are in range but close to the line. Note which chapter your misses fell in and re-listen to that chapter's audio lesson before retesting.

Under 11 correct: The Life Insurance Producer exam's first-time pass rate has run 53-64% over the last two years. Start with chapter 1 of the course and work forward rather than guessing through another set.

Chapters 1 and 9 of the LanePrep Missouri course are free at /mo/l-and-h/preview — full audio and the chapter quiz, no signup. For the full cost picture, see how much a Missouri L&H license costs.

Exam structure, fees and passing score from Pearson VUE's Missouri Insurance Licensing Candidate Handbook (Stock #1226-00, 03/2026). Content outline weights from Pearson VUE's Missouri Insurance Content Outlines #122601 (effective February 1, 2026) for the Life Insurance Producer exam. Pass rates from the NAIC 2024 and 2025 compiled pass-rate reports. Read October 2026.

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