Wisconsin Life and Health Insurance Exam: Complete Guide

Wisconsin's Life and Health insurance exams are PSI-administered tests — each separate (100 questions; 2 hours; $75 each). Wisconsin does NOT offer combined Life & Health exams. The state section covers OCI Commissioner authority, Wisconsin Statutes Chapters 600-655 and 628 (intermediaries), BadgerCare Plus (Wisconsin's distinctive partial Medicaid expansion — covering adults at or below 100% FPL, NOT the full ACA 138% FPL expansion), Healthcare.gov (federal marketplace — Wisconsin has no state exchange), the Annuity Best Interest training requirement (effective April 15, 2022 — 2021 Wisconsin Act), and LTC training with Wisconsin Medicaid-specific content requirements (2 hours WI Medicaid-specific in initial training; 1 hour WI-specific in refresher). There is no mandatory retake waiting period — candidates can immediately reschedule after a failed attempt. Here's the complete guide.

Exam Format and Specs

No combined L&H exam — Life and A&H must be taken as separate PSI exams.

Per-question pacing: 100 questions / 120 minutes = 72 seconds per question — comfortable pacing allowing time for review.

Remote testing (PSI Bridge): Requires Google Chrome; check compatibility at syscheck.bridge.psiexams.com before scheduling.

Retakes: Unlimited; no mandatory waiting period — immediate reschedule allowed. Each retake: $75.

First-time candidates: Select "22-01 Life, General and State Specific" (not "State Specific Series" — that's only for previously licensed producers).

Life Exam Content (100 Questions, Code 22-01)

National/General Section (~75-80 questions):

Types of Policies (~15 questions):

Traditional whole life products (straight life, limited pay, single premium, modified premium)

Interest/market-sensitive/adjustable life products (universal life, indexed UL, variable UL)

Term life (level, decreasing, annually renewable, convertible)

Annuities (fixed, variable, indexed; immediate vs. deferred)

Combination plans

Policy Riders, Provisions, Options, Exclusions (~15 questions):

Grace period; reinstatement; incontestability; misstatement of age; non-forfeiture; settlement options; riders; exclusions

Completing the Application, Underwriting, Delivering Policies (~12 questions):

Application completion; initial premium; policy delivery; contract law; replacement

Taxes, Retirement and Other Insurance Concepts (~15 questions):

Tax treatment; MEC; 1035 exchanges; IRAs; 401(k)/403(b); qualified plans

Other (~18 questions):

Insurable interest; types of insurers; reinsurance; HIPAA; viatical settlements

Wisconsin State Section (~20-25 questions):

Common to all WI exams:

OCI: Office of the Commissioner of Insurance; PO Box 7872, Madison, WI 53707-7872; 608-266-8699; ociagentlicensing@wisconsin.gov; oci.wi.gov; Chapters 600-655

Intermediary (Producer) Individual: Wisconsin's term for insurance producer/agent

Producer licensing (Chapter 628): PLE 20 hrs/line (8 hrs common + 12 hrs line-specific; 12-month sharing); Certificate valid 1 year; bring to PSI exam; no combined exams; PSI $75; PSI Bridge (Chrome); 70%; 180-day apply window; no retake wait; Fieldprint $36; $75/line NIPR; 1-3 business day processing; renewal 2 years/$35; CE 24 hrs/3 Ethics; $1/credit hr reporting; no carryover

Unfair practices under WI law

BadgerCare Plus: Wisconsin Medicaid; partial expansion to ≤100% FPL (NOT 138% FPL); adults 100-138% FPL directed to Healthcare.gov marketplace; specifically Wisconsin approach

Healthcare.gov: Wisconsin's ACA marketplace; NOT state-based exchange

Life-specific state section:

Annuity Best Interest (2021 Wis. Act; effective April 15, 2022): One-time 4-hour course before selling annuities; life/variable annuity licensees; resident and non-resident may complete in any state with substantially similar laws; counts toward 24-hour CE

Wisconsin replacement regulations

Wisconsin free-look period requirements

Wisconsin life insurance policy provisions

Wisconsin variable life/variable annuity requirements (FINRA CRD number required on application for variable lines)

Accident & Health Exam Content (100 Questions, Code 22-03)

National Content (~75-80 questions): Health plan types (HMO, PPO, POS, EPO); disability income; Medicare Parts A/B/C/D; Medicare Supplement; LTC; ACA; COBRA; HIPAA; group health; dental; vision

Wisconsin State Section (~20-25 questions):

Critical WI A&H state law facts:

Healthcare.gov — most tested WI A&H marketplace fact: Wisconsin does NOT have a state-based ACA exchange. Wisconsin residents purchase marketplace coverage through Healthcare.gov. Open Enrollment: November 1 through January 15 (federal calendar). This distinguishes Wisconsin from Minnesota (MNsure), New Jersey (Get Covered NJ), Maryland (Maryland Health Connection), and Colorado (Connect for Health CO).

BadgerCare Plus — Wisconsin's MOST DISTINCTIVE health law item: BadgerCare Plus is Wisconsin's Medicaid program. Wisconsin's Medicaid approach is uniquely distinctive:

Wisconsin used a Section 1115 waiver to extend Medicaid to adults at or below 100% FPL (NOT the ACA's 138% FPL threshold)

Adults from 100-138% FPL are directed to the Healthcare.gov marketplace, where they receive federal premium tax credits

Wisconsin is NOT a full ACA Medicaid expansion state — it is a "partial expansion" state with this specific structure

This approach is specifically Wisconsin and specifically testable — unlike Indiana (HIP 2.0 to 138% FPL), Missouri (MO HealthNet to 138% FPL), and Minnesota (Medical Assistance to 138% FPL), Wisconsin's coverage stops at 100% FPL for Medicaid

LTC training requirements — WI Medicaid-specific content: Wisconsin's LTC training is specifically distinctive:

8-hour initial certification including 2 hours specific to Wisconsin Medicaid (BadgerCare Plus) and LTC

4-hour refresher per renewal cycle including 1 hour specific to Wisconsin Medicaid (BadgerCare Plus) and LTC

The BadgerCare Plus-specific content requirement is uniquely Wisconsin — no other comparison state mandates state Medicaid-specific content in LTC training

No Wisconsin individual health insurance mandate.

5 Frequently Asked Questions

• What is BadgerCare Plus and why is Wisconsin's Medicaid approach specifically testable? BadgerCare Plus is Wisconsin's Medicaid program name. Wisconsin's distinctive approach extends Medicaid to adults at or below 100% FPL (not the ACA's 138% FPL), directing adults from 100-138% FPL to the Healthcare.gov marketplace with federal subsidies. This "partial expansion" structure — approved through a Section 1115 waiver — is specifically Wisconsin. On the exam, understanding that BadgerCare Plus covers adults at ≤100% FPL (not ≤138% FPL) is the key distinguishing fact.
• Why is Wisconsin's LTC training requirement distinctive with the BadgerCare-specific content? Wisconsin requires LTC initial training to include 2 hours specifically covering Wisconsin Medicaid (BadgerCare Plus) and LTC — and the ongoing refresher to include 1 hour of WI Medicaid-specific content. This means Wisconsin LTC producers must understand how BadgerCare Plus intersects with long-term care funding — specifically, the asset spend-down rules, Wisconsin's LTC Partnership program protections, and how BadgerCare eligibility affects LTC planning for Wisconsin residents. No other comparison state has this exact state-Medicaid-specific LTC training requirement.
• Why does Wisconsin use PSI instead of Pearson VUE for insurance exams? Wisconsin contracts with PSI Services LLC for its insurance licensing exam administration — the same administrator used by Minnesota and New Jersey. The choice is a state contract decision made by OCI. PSI and Pearson VUE both provide similar exam quality and test center networks — the main differences for candidates are the scheduling website (test-takers.psiexams.com/wiins for Wisconsin), the remote testing platform (PSI Bridge with Chrome requirement), and the PSI-specific diagnostic report format.
• What is the Annuity Best Interest training requirement (2021 Wis. Act; April 15, 2022)? Wisconsin's Annuity Best Interest rule (2021 Wisconsin Act, effective April 15, 2022) requires life/variable annuity licensees to complete a one-time 4-hour training course before selling, soliciting, or negotiating annuity products. Resident and non-resident agents may complete this training in any state with substantially similar laws. The training counts toward the 24-hour CE requirement. This is specifically testable as a recent Wisconsin regulatory development.
• What is Wisconsin's "first-time vs. previously licensed" exam distinction? Wisconsin's PSI system offers two exam series for each line: "General and State Specific" (covering both national content and Wisconsin laws — required for first-time candidates) and "State Specific Series" (covering only Wisconsin-specific laws — only for candidates previously licensed in the same line). First-time candidates who accidentally register for the State Specific Series will not be testing the full required content — always select "General and State Specific" for initial licensure.

Prepare for the Wisconsin Life & Health Exam

Wisconsin's state section — BadgerCare Plus partial expansion, Healthcare.gov, Annuity Best Interest training, LTC WI Medicaid-specific content, and OCI structure — rewards candidates who prepare specifically. JustInsurance's OCI-approved Wisconsin courses cover the full PSI content outline.

Enroll today and prepare for the Wisconsin exam with confidence.