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PEARSON VUE TEXAS LIFE INSURANCE EXAM 2 2024 (VERSION A & B) WITH ACTUAL CORRECT QUESTIONS AND VERIFIED DETAILED ANSWERS |FREQUENTLY TESTED QUESTIONS AND SOLUTIONS |ALREADY GRADED A+ |LATEST UPDATE | GUARANTEED PASS $17.99   Add to cart
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PEARSON VUE TEXAS LIFE INSURANCE EXAM 2 2024 (VERSION A & B) WITH ACTUAL CORRECT QUESTIONS AND VERIFIED DETAILED ANSWERS |FREQUENTLY TESTED QUESTIONS AND SOLUTIONS |ALREADY GRADED A+ |LATEST UPDATE | GUARANTEED PASS

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PEARSON VUE TEXAS LIFE INSURANCE EXAM 2 2024 (VERSION A & B) WITH ACTUAL CORRECT QUESTIONS AND VERIFIED DETAILED ANSWERS |FREQUENTLY TESTED QUESTIONS AND SOLUTIONS |ALREADY GRADED A+ |LATEST UPDATE | GUARANTEED PASS

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  • April 4, 2024
  • 49
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

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  • guaranteed pass
  • pearson vue texas life insurance exam 2 2024 ver
  • pearson vue texas life insurance exam 2
  • pearson vue texas life insurance
  • already graded a latest update

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  • PEARSON VUE TEXAS LIFE INSURANCE
  • PEARSON VUE TEXAS LIFE INSURANCE

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1 | P a g e PEARSON VUE TEXAS LIFE INSURANCE EXAM 2 2024 (VERSION A & B ) WITH ACTUAL CORRECT QUESTIONS AND VERIFIED DETAILED ANSWERS |FREQUENTLY TESTED QUESTIONS AND SOLUTIONS |ALREADY GRADED A+ |LATEST UPDATE | GUARANTEED PASS Which of the following best describes annually renewable term insurance? A. Neither the premium nor the death benefit is affected by the insured's age B. It provides an annually increasing death benefit C. It is level insurance D. It requires proof of insurability at each renewable It is leve l insurance When a reduced paid -up nonforfeiture option is chosen, what happens to the face amount of the policy? A. It is increased when extra premiums are paid B. It decreases over the term of the policy C. It remains the same as the original policy, re gardless of any differences in value D. It is reduced to the amount of what the cash value would buy as a single premium It is reduced to the amount of what the cash value would buy as a single premium When is the earliest a policy may go into effect? A. W hen the insurer approves the application B. After the underwriter reviews the policy C. When the application is signed and a check is given to the agent D. When the first premium is paid and the policy has been delivered When the application is signed and a check is given to the agent Under the uniform required provisions, proof of loss under a health insurance policy normally should be filed within A. 60 days of a loss B. 90 days of a loss C. 20 days of a loss D. 3o days of a loss 2 | P a g e 90 days of a loss Social Security disability definition includes all of the following EXCEPT A. A physical impairment expected to result in death B. Disability expected to last for at least 6 months C. The inability to engage in any gainful work D. Disability resulting from a medi cally determinable mental impairment Disability expected to last for at least 6 months An agent makes a mistake on the application and then corrects his mistakes by physically entering the necessary information. Who must then initial that charge? A. Execut ive officer of the company B. Insured C. Agent D. Applicant Applicant The form of life annuity which pays benefits throughout the lifetime of the annuitant and also guarantees payment for a minimum number of years is called A. Life income with period certa in B. Life income with refund C. Joint and survivorship D. Joint life annuity Life income with period certain All of the following long -term care coverages would allow an insured to receive care at home EXCEPT A. Skilled care B. Custodial care in insured's house C. Respite care D. Home health care Skilled care An applicant is discussing his options for Medicare supplement coverage with his agent. The applicant is 65 years old and has just enrolled in Medicare Part A and Part B. What is the insurance company obligated to do? A. Send the applicant to a doctor for a physical. Nothing can happen until they get the results B. Offer the supplement policy on a guaranteed issue basis C. Exclude pre -existing conditions from coverage under the supplement policies D. Look at the applicant's medical history to decide what premium to charge Offer the supplement policy on a guaranteed issue basis A provision found in insurance which prevents the insured from collecting twice for the same loss is called A. Consent to settle loss 3 | P a g e B. Right of salvage C. Appraisal D. Subrogation Subrogation All of the following statement concerning Accidental Death and Dismemberment coverage are correct EXCEPT A. Accidental death and dismemberment insurance is considered to be limited coverage B. Death benefits are paid only if death occurs within 24 hours of an accident C. Accidental death benefits are paid only if death results from accidental bodily injury as defined in the policy D. Dismemberment benefits are paid for certain disabilities th at are presumed to be total and permanent Death benefits are paid only if death occurs within 24 hours of an accident Which of the following is an example of liquidity in a life insurance contract? A. The flexible premium B. The money in a saving account B. The cash value available to the policyowner C. The death benefit paid to the beneficiary The cash value available to the policyowner In a survivorship life policy, when does the insurer pay the death benefit? A. Half at the first death, and half at the s econd death B. If the insured survives to age 100 C. Upon the last death D. Upon the first death Upon the last death The coverage provided by a disability income policy that does not pay benefits for losses occurring as the result of the insured's employme nt is called A. Occupational B. Workers compensation C. Nonoccupational coverage D. Unemployment coverage Nonoccupational coverage Which of the following terms describes the specified dollar amount beyond which the insured no longer participates in the sha ring of expenses? A. First -dollar coverage B. Corridor deductible C. Stop -loss limit D. Probationary limit 4 | P a g e Stop -loss limit Which of the following would qualify as a competent party in an insurance contract? A. The applicant is under the influence of a mind -impairing medication at the time of application B. The applicant has a prior felony conviction C. The applicant is intoxicated at the time of application D. The applicant is a 12 -year -old student The applicant has a prior felony conviction A father owns a life insurance policy on his 15 -year -old daughter. The policy contains the optional Payor Benefit rider. If the father becomes disabled, what will happen to the life insurance premiums? A. The premiums will become tax deductible until the insured's 18th b irthday B. Since it is the policyowner, and not the insured, who has become disabled, the life insurance policy will not be affected C. The insured will have to pay premiums for 6 months. If at the end of this period the father is still disabled, the insur ed will be refunded the premiums D. The insured's premiums will be waived until she is 21 The insured's premiums will be waived until she is 21 An individual applied for an insurance policy and paid the initial premium. The insurer issued a conditional rec eipt. Five days later the applicant had to submit to a medical exam. If the policy is issued, what would be the policy's effective date? A. The date of application B. The date of medical exam C. The date of policy delivery D. The date of issue The date of medical exam Which of the following is an example of a limited -pay life policy? A. Level Term Life B. Straight life C. Life Paid -up at age 65 D. Renewable term to age 70 Life Paid -up at age 65 The policyowner wants to make sure that upon his death, the lif e policy will pay a portion of the proceeds annually to his spouse, but that the principle will be paid to their children when they reach a certain age. Which settlement option should the policyowner choose? A. Interest only option B. Life income with peri od certain C. Joint and survivor D. Fixed amount option Interest only option

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