Insurance License Exam Math: Premiums, Coinsurance, Deductibles & Annuities
Hands-on practice for the math on US-style property & casualty and life & health insurance license exams: premiums from rates per unit, pro-rata and short-rate refunds, the coinsurance clause, deductibles and aggregate limits, auto split limits, life insurance needs, annuity payouts and health plan cost sharing, every cell checked as you go. Independent practice, not affiliated with any state department of insurance or exam provider; check your state's rules.
The first lesson is free — no account needed.
About this course
Insurance license exam math practice for candidates preparing for US-style property and casualty or life and health licensing exams, with every answer checked in a spreadsheet. You price policies from rates per USD 100 and per USD 1,000 and see what a monthly life premium really costs, refund cancelled policies with the pro-rata and short-rate methods, apply the coinsurance clause with did ÷ should × loss − deductible and the limit cap, run liability claims through a per-occurrence deductible, the occurrence limit and the annual aggregate, settle an accident under 100/300/50 auto split limits, estimate life insurance needs with human life value and the needs approach, value annuity payouts with PMT, PV and FV and split health bills into member and plan shares. Independent practice, not affiliated with any state department of insurance or exam provider. Check your state's rules. The first lab is free.
Lessons
- Premium Calculation: Rates per USD 100 and per USD 1,000Free
- Cancellation Refunds: Pro-Rata vs Short-Rate Pro
- The Coinsurance Clause: Did ÷ Should × Loss − Deductible Pro
- Deductibles & Limits: Per Occurrence vs Aggregate Pro
- Auto Liability Split Limits: Who Gets Paid Under 100/300/50 Pro
- Life Insurance Needs: Human Life Value & the Needs Approach Pro
- Annuity Basics: Payouts with PMT, Lump Sums with PV, Growth with FV Pro
- Health Plan Cost Sharing: Exam Quick Checks (Chart) Pro