Nebraska Insurance Exam Cheat Sheet
Unlock the official Nebraska Life & Health exam cram sheet to master key state regulations, policy definitions, and exam-day metrics. Or, start with our free Nebraska practice questions to test your knowledge.
What's Covered on the Nebraska Life & Health Exam
Key exam lines — know what each one tests
Life Insurance Line
- Term, Whole, Universal & Variable Life policies
- Annuities (fixed, variable, immediate, deferred)
- Beneficiary designations & settlement options
- Policy riders: waiver of premium, AD&D, COLA
- Replacement rules & suitability requirements
- Grace period: 1 Month / 30 Days | Free-look: 10 Days (30 Days)
Health Insurance Line
- Individual & group health, HMO, PPO, EPO, POS plans
- Medicare Parts A, B, C, D & Medigap supplements
- Medicaid & CHIP eligibility rules
- COBRA, HIPAA, ACA & continuation provisions
- Disability income: STD & LTD elimination periods
- Grace periods: 7 / 10 / 31 days by premium mode
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Frequently Asked Questions
Q:How do I pass the Nebraska Life, Accident & Health insurance exam on my first try?
To pass the Nebraska insurance licensing exam on your first attempt, follow this structured approach: First, review the official PSI Nebraska Candidate Information Bulletin and exam content outline. Second, study the core Life and Health insurance concepts systematically, including policy types, provisions, and riders. Third, pay close attention to annuities, replacement disclosures, and suitability rules under Nebraska Title 210 NAC. Fourth, work through extensive practice questions until you are consistently scoring 80% or higher. Finally, take full-length timed mock exams (150 questions in 2 hours and 30 minutes) to build pacing and test-day stamina.
Q:How many questions are on the Nebraska insurance exam and what score do I need to pass?
The combined Nebraska Life, Accident & Health examination consists of 150 scored multiple-choice questions (plus 5 unscored pretest questions) with a time limit of 2 hours and 30 minutes. A passing score of 70% is required, which means answering at least 105 scored questions correctly. Nebraska also offers single-line examinations: the Life & Annuities exam and the Sickness, Accident & Health exam each have 100 scored questions (plus 5 pretest questions) with a 2-hour time limit, also requiring a 70% score to pass.
Q:What topics are covered on the Nebraska insurance licensing exam?
The Nebraska Life, Accident & Health exam covers four major domains: (1) General Insurance Principles, including contracts, insurable interest, and risk management; (2) Life Insurance & Annuities, covering term, whole life, flexible policies, riders, settlement options, and annuity structures; (3) Health & Accident Insurance, including individual and group medical expense, disability income, Medicare supplement plans, and long-term care; and (4) Nebraska Insurance Statutes & Regulations, covering the powers of the Director of Insurance, producer licensing duties, Title 210 NAC replacement and suitability rules, unfair trade practices, and the Nebraska Life and Health Insurance Guaranty Association.
Q:How much does the Nebraska insurance exam cost and where do I take it?
The examination fee administered by PSI is $47 for the combined Life & Health exam and $43 for single-line exams (Life-Only or Health-Only). Nebraska insurance licensing exams are conducted in-person at authorized PSI testing centers located across Nebraska, including Omaha, Lincoln, Grand Island, Kearney, North Platte, and Scottsbluff. You can schedule your examination appointment online through the official PSI portal or by calling PSI candidate services.
Q:What are the pre-licensing education and licensing requirements for Nebraska insurance?
Nebraska does not require mandatory classroom pre-licensing education hours, allowing candidates to register and sit for the licensing exam directly. To qualify for a resident producer license, you must be at least 18 years of age, be a resident of Nebraska, satisfy statutory character and business reputation requirements, and pass the required state licensing examination. Once you pass the exam, you submit your official resident producer license application and the $50 state fee (plus applicable NIPR transaction fee) online through the National Insurance Producer Registry (NIPR).
Q:What happens if I fail the Nebraska insurance exam?
If you do not pass the Nebraska insurance exam, you must wait 24 hours after your test session before you can reschedule your next attempt with PSI. You will be required to pay the applicable exam fee ($47 for combined, $43 for single line) for each retake. PSI provides a diagnostic score report showing your performance by content area. Review this breakdown to identify your specific weak areas and focus your preparation on those topics before retaking the examination.