Texas Life and Health Insurance Exam Texas Life and Health Insurance Texas State Exam Simulator Texas General Lines - Life, accident and health insurance Texas life and health- Final Exam Review Texas Life Insurance Exam
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At what point must a life insurance applicant be informed of their rights that fall under the Fair Credit Reporting Act? - ANSWER Upon completion of the application Who elects the governing body of a mutual insurance company? - ANSWER policyholders An insurance applicant MUST be informed of an...
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Add to cartAt what point must a life insurance applicant be informed of their rights that fall under the Fair Credit Reporting Act? - ANSWER Upon completion of the application Who elects the governing body of a mutual insurance company? - ANSWER policyholders An insurance applicant MUST be informed of an...
Which of these characteristics is consistent with a Straight Life Policy? - ANSWER Premiums are payable for as long as there is insurance coverage in force Which of the following are Equity Indexed annuities typically invested in? - ANSWER S&P 500 Which of the following does Social Security NO...
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Add to cartWhich of these characteristics is consistent with a Straight Life Policy? - ANSWER Premiums are payable for as long as there is insurance coverage in force Which of the following are Equity Indexed annuities typically invested in? - ANSWER S&P 500 Which of the following does Social Security NO...
If, at the time of an insured's death, the insurance company discovers that the insured's age was misstated on the application for life insurance, the company will most likely - ANSWER pay the policy proceeds in the amount the premiums would have purchased at the insured's actual age The provi...
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Add to cartIf, at the time of an insured's death, the insurance company discovers that the insured's age was misstated on the application for life insurance, the company will most likely - ANSWER pay the policy proceeds in the amount the premiums would have purchased at the insured's actual age The provi...
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An annuity promises that, if the annuitant dies before receiving payments equal to the correct value, the payments will be continued to a beneficiary until an amount equal to the contract value has been paid. This type of annuity is called An installment Refund annuity A Straight Life annuity ...
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Add to cartAn annuity promises that, if the annuitant dies before receiving payments equal to the correct value, the payments will be continued to a beneficiary until an amount equal to the contract value has been paid. This type of annuity is called An installment Refund annuity A Straight Life annuity ...
LIFE SECTION 1 - ANSWER LIFE SECTION 1 1) Sandra Timms, age 27, is advised by her producer to purchase Life insurance to cover a 20-year-amortized $50,000 business-improvement loan. Which of the following plans would adequately protect Ms. Timms at the minimum premium outlay? - ANSWER A- $50,000 ...
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Add to cartLIFE SECTION 1 - ANSWER LIFE SECTION 1 1) Sandra Timms, age 27, is advised by her producer to purchase Life insurance to cover a 20-year-amortized $50,000 business-improvement loan. Which of the following plans would adequately protect Ms. Timms at the minimum premium outlay? - ANSWER A- $50,000 ...
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Insurance (General concept) - ANSWER - transfers the risk of loss from an individual to an insurer - based on the principle of indemnity - based on the principle of risk (risk pooling) insurable interest (General Concept) - ANSWER - must exist at the time of the application - insuring o...
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Add to cartInsurance (General concept) - ANSWER - transfers the risk of loss from an individual to an insurer - based on the principle of indemnity - based on the principle of risk (risk pooling) insurable interest (General Concept) - ANSWER - must exist at the time of the application - insuring o...
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