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Insurance Exam Prep

Insurance Exam Prep

By: Ran Chen EA CFP®
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About this listen

 Insurance Exam Prep is a daily podcast designed to help future insurance professionals pass their licensing exams with clarity and confidence. Built and operated by OpenExamPrep, this podcast breaks down insurance licensing exams into focused, easy-to-digest episodes covering Life Insurance, Health Insurance, and Property & Casualty, across both the national portion and state-specific requirements. Each episode targets one key concept, common exam trap, or high-frequency test topic—making it ideal for studying during commutes, workouts, or short study sessions. Created by Ran Chen, EA, CFP®, a financial professional and exam specialist who has personally passed multiple professional licensing exams, Insurance Exam Prep was developed from firsthand experience with how complex—and often poorly taught—insurance exam material can be. The goal is simple: make insurance exam preparation clearer, more accessible, and more effective through structured explanations and modern learning tools. Whether you’re preparing for a Life, Health, or P&C exam, just starting your licensing journey, or reviewing before test day, this podcast is designed to guide you step by step—one concept at a time. Free practice tools, AI-powered explanations, and additional exam prep resources are available at: https://open-exam-prep.com/Copyright 2026 Ran Chen, EA, CFP® Economics Education
Episodes
  • [Health Insurance] 36, LTC Elimination Period Benefit Period and Inflation Protection

    [Health Insurance] 36, LTC Elimination Period Benefit Period and Inflation Protection
    May 2 2026
    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The LTC elimination period is a time-based deductible, and a longer period will lower the policy's premium. - The benefit period is the maximum duration for which the policy pays, and a longer period increases the premium. - Inflation protection is a vital LTC feature to ensure benefits keep pace with the rising cost of care. - Compound inflation protection provides more significant benefit growth and is the most suitable option for younger purchasers. - Exam questions frequently test the inverse relationship between the elimination period and premium, and the direct relationship between the benefit period and premium. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep
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    3 mins
  • [Health Insurance] 35, Benefit Triggers and Activities of Daily Living

    [Health Insurance] 35, Benefit Triggers and Activities of Daily Living
    May 1 2026
    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The two primary triggers for activating benefits in a tax-qualified long-term care policy. - That an insured must be unable to perform exactly two of the six Activities of Daily Living (ADLs). - The six official ADLs are: Bathing, Dressing, Toileting, Transferring, Continence, and Eating. - How to spot common exam traps that use Instrumental Activities of Daily Living (IADLs) like cooking or shopping as incorrect answer choices. - That a severe cognitive impairment is an alternative trigger, and a licensed health care practitioner must certify any qualifying condition. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep
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    4 mins
  • [Health Insurance] 34, Long-Term Care Insurance Fundamentals

    [Health Insurance] 34, Long-Term Care Insurance Fundamentals
    Apr 30 2026
    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - That standard health insurance and Medicare do not cover long-term custodial care, creating the need for LTC insurance. - The distinction between the three levels of care: Skilled (24/7 medical professional), Intermediate (intermittent skilled care), and Custodial (help with ADLs). - Why custodial care, assistance with Activities of Daily Living like bathing and dressing, is the most common type of long-term care. - The different settings where LTC services can be delivered, including nursing homes, assisted living, home health care, and adult day care. - A simple mnemonic, 'S-I-C' (Skilled, Intermediate, Custodial), to remember the levels of care from highest to lowest medical intensity. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep
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    3 mins
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