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Oregon Life Insurance Practice Exam Free - 2026

The Oregon Division of Financial Regulation oversees producer licensing statewide. Practice the national exam content free here - no registration, unlimited attempts, every answer explained. Access 240+ free Life Insurance questions with detailed explanations.

240+ Questions
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Oregon Specific

How the Oregon Life Insurance exam compares

The Oregon Life exam is 100 questions, 120 minutes, a 70% cut score. The examination fee is $45.

Oregon requires 20 hours of prelicensing education before you can take the exam.

Life Insurance questions reviewed by Michael Bennett — Life Insurance, 17 years' experience, Tampa, FL.

Figures above are taken from PSI State of Oregon Candidate Information Bulletin (hosted by Oregon Division of Financial Regulation) and were verified in July 2026. Requirements change - confirm current details with your state insurance department before you book.

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Oregon Life Exam Info
  • Vendor: PSI
  • Questions: Life (Includes Law), Series 12-01: 100 questions; 5-10 unscored experimental questions may be added
  • Time limit: 120 minutes
  • Passing: 70% correct to pass
  • Exam fee: $45
  • Prelicensing: Required: 20 hours per line - Life 20, Health 20, Property 20, Casualty 20 (waivers for CLU applying for Life/Health and CPCU applying for P&C).

Verified July 2026 from the PSI State of Oregon Candidate Information Bulletin (hosted by Oregon Division of Financial Regulation). Always confirm with the current official candidate handbook.

Oregon Division of Financial Regulation

Study Tip

Study the explanation, not the answer. The real exam words questions differently than any practice bank, so understanding why an answer is correct matters far more than memorizing which letter it was.

Oregon Life Insurance Exam Topics

Advanced Policy Types
Advanced Taxation (1035, MEC, Annuities)
Annuities
Annuity Payouts & Suitability
Beneficiaries & Settlements
Business Uses of Life Insurance
Ethics & Regulations
General Principles & Contract Law
Group Life Insurance
Life Insurance Basics
Life Settlements & Viaticals
Policy Dividends
Policy Provisions & Options
Policy Riders
Qualified & Retirement Plans
Social Security Benefits
Taxation of Life Insurance
Types of Life Policies
Underwriting & Risk
Universal Life Insurance
Whole Life Insurance
State Insurance Law

Free Oregon Life Practice Questions with Answers

12 sample questions from the 240-question Life bank behind the interactive tests. Expand a question to check the answer and the reasoning behind it.

Want to study offline? Download the free Life questions & answers PDF.

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