Minnesota Online Insurance School

The TESTivity Virtual Learning Experience is a web based pre-license course that includes all the study material you could possibly need to prepare for (and pass) your Minnesota Life, Accident & Health, Property & Casualty and Investment License exams.

--Matt Williams CLU, ChFC, CFP®

 




Simply because it is the best way to prepare for the Minnesota insurance exam, at our insurance school we strongly suggest you enroll in the full test prep course--Virtual Learning Experience. To accommodate those Minnesota insurance license candidates who only need part of the course, you may purchase prelicense study material/learning tools separately below.

The full course includes ALL of these learning tools.



What our students have to say...

I can't say enough good things about Latitude Online Insurance School.

The training is comprehensive, easy to understand and was the main reason for my success in the state exam.

Obviously, you get as much out of any training as the energy you put into it, but I enjoyed every minute of the online courses and tutorials. I was able to spend as much time as needed on each individual lesson, since the way the information is presented makes it easy for even a relative novice to understand.

This is by far the best program I've ever worked with and highly recommend it.

--Raymond, Life & Health Course



Wouldn’t change a thing!

It seems like they have this course perfected. I love the package deal you get for the price you pay.

--Lauren, Property & Casualty Course



Minnesota Insurance School Study Material for the Licensing Exam--Product Samples

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Minnesota Insurance Exam PreLicense Video Course

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Minnesota Insurance Exam Virtual Text Book

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Minnesota Insurance License Exam Audio Course

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Learning Games for the Minnesota Insurance Exam

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Mind Mapping Graphics--Minnesota Insurance Test Prep

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Online Minnesota Insurance Exam Flash Cards 

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Minnesota Insurance Test Practice Questions & Exam Simulator 

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Glossary of Insurance License Exam Terms

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Personal Coach--Minnesota Insurance Exam Expert

EVERYTHING is included in our online Minnesota insurance license course, the TESTivity Virtual Learning Experience.


Everything you need to know about how to get an insurance license in Minnesota...



What are the questions on the Minnesota insurance exam like? Do you have any sample insurance test questions?

    The questions in our insurance exam simulator are VERY representative of the questions on the Minnesota state licensing exam. Here are a couple examples of what you can expect:
Minnesota Insurance School Sample Practice Questions from the Licensing Exam

Minnesota Property & Casualty Exam Questions

What does the transfer of risk from one party to another through a legal contract best describe?

  1. Risk management
  2. Insurance
  3. Indemnification
  4. Subrogation

Minnesota Life & Health Exam Questions

All of the following represent tax-free exchanges under IRC 1035 EXCEPT:

  1. Life insurance policy for annuity of the same company
  2. Life insurance Policy for life insurance policy of the same company
  3. Bond fund to income fund within the same family of funds
  4. Annuity contract for annuity contract of another company

Minnesota Insurance Regulations

In Minnesota, a lapsed policy may be reinstated:

  1. within 1 year of policy lapse
  2. up to 90 days after the grace period expires
  3. never
  4. within 3 years of policy lapse

Answer: B

One method of managing risk is to transfer the risk to another party. For many risks, the best way to transfer them is through insurance. Risk transfer, simply put, is to place the burden of possible economic loss on someone else. When insurance is purchased, a large, uncertain loss is exchanged for a small, certain loss, the premium.

Answer: C

When you sell one fund and use the proceeds to buy another fund of the same fund family you may avoid paying a sales charge, but you can't avoid the IRS. If you sell, you recognize a capital gain or loss. The IRS accommodates for portability of funds in life insurance and annuity contracts. Internal Revenue Code 1035, allows the transfer of funds from one product to another or from one company to another. Under 1035 exchange rules, tax on accumulated earnings will be deferred for the following transfers:

  • Insurance Policy into another Life Insurance Policy
  • Life Insurance Policy into an Annuity
  • Annuity into another Annuity
  • Answer: D 

    If a policy lapses, Minnesota insurance law allows the policy owner may apply to have the policy reinstated. The insured must provide evidence of insurability; and pay past-due premiums, any outstanding policy loans, and interest on the outstanding loan and past-due premiums. Reinstatement must be applied for within 3 years.

    Insurance exam practice questions and the exam simulator are included in our online Minnesota insurance license course, the TESTivity Virtual Learning Experience.

    You can get more free insurance exam sample questions and and lots of other cool stuff on our Insurance Licensing Test Tips page (near the bottom under FREE insurance exam practice tests).

     

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    Where is your Minnesota insurance school located?

      The best way to prepare for your Minnesota insurance exam is through the TESTivity Virtual Learning Experience, which is entirely online. Occasionally we are asked to provide a live insurance test prep class for a large group. When we teach class in the Minneapolis area we use the Union Plaza Executive Suites conference room located at:

      333 Washington Avenue North Minneapolis, MN 55401

     

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    The Minnesota Insurance Licensing Exam Virtual Learning Experience is AMAZING! This package includes EVERYTHING you need to pass the Minnesota insurance licensing exam!

    • Interactive Video Course
    • Virtual Textbook
    • Audio Reinforcement
    • Virtual Flash Cards
    • TESTivity Mind Maps
    • Interactive Crossword Puzzles
    • Quizzes and Exam Simulator
    Virtual Learning Experience--Minnesota
    $134.00



    Minnesota Insurance School


     
    Please take a minute to experience the learning tool samples through the menu above...You will agree, The TESTivity Virtual Learning Experience is the absolute best way to prepare for your Minnesota state insurance licensing exam.


    Thank you for visiting LATITUDE Insurance & Securities Test Prep's Minnesota insurance school online licensing course. Before you leave, be sure to check out our Minnesota insurance exam Test Tips page. Every question counts, spending just 5 minutes with our test tips is guaranteed to increase your score!
     
    You may know others who will be taking the Minnesota Life & Health Insurance Exam or the Minnesota Property & Casualty Exam... 
    Please share our Online Minnesota Insurance School with them.
     
    Good luck with your exam!

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