How to prepare for the test : 1. Print out the three Universal Life illustrations so you will be able to refer to them in your preparation and while answering the test questions . Each illustration is attached and is just one page in length . 2. Be sure you understand how Universal life works and its key components (death benefit options , cost of insurance options , NAAR , fund values /account values , cash surrender values ) 3. Select two or three ages (for example ages 50, 65, 85 ) and compare the values in all three illustrations . Be able to explain why some are higher or lower . 4. Review the trends in the changes in the Fund Values (Account Values ) and Death Benefits for the entire duration of the various plans and be able to explain the reasons for the differences 5. Be prepared to recommend the most appropriate option for your client based on her objectives and priorities