Texas life insurance exam with correct solutions

Which type of life policy contains a monthly mortality charge as well as self-directed investment choices? Variable Universal Life Insurance contracts are known as because certain future conditions or acts must occur before any claims can be paid. conditional Question Benefits for drug and alcohol treatment under a group health policy must include all of the following EXCEPT transportation to and from an outpatient facility Credit life insurance is typically issued with which of the following types of coverage? Decreasing Term In a Life insurance contract, an insurance company's promise to pay stated benefits is called the? Insuring clause A policy that becomes a Modified Endowment Contract (MEC) will lose many of its tax advantages Which of the following features of a group Term Life policy enables an individual to leave the group and continue his or her insurance without providing evidence of insurability? Conversion privilege Insurance company agent appointments remain in force for which of the following maximum periods of time, if any? Until terminated or withdrawn An insured covered by Accidental Death and Dismemberment (AD&D) insurance has just died. What will happen if the primary beneficiary had already died before the insured and contingent beneficiary? Proceeds will go to the contingent beneficiary An insurance agent does NOT have fiduciary responsibilities to.. other agents Which of these statements is INCORRECT regarding a Preferred Provider Organization (PPO)? PPO's are NOT a type of managed care systems