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TEXAS STATE LIFE AND HEALTH INSURANCE EXAM|| SIMULATOR EXAM LATEST AND FULLY COVERED WITH ALL QUESTIONS AND CORRECT ANSWERS ALREADY GRADED A+|| ASSURED PASS!!!$28.99
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TEXAS STATE LIFE AND HEALTH INSURANCE EXAM|| SIMULATOR EXAM LATEST AND FULLY COVERED WITH ALL QUESTIONS AND CORRECT ANSWERS ALREADY GRADED A+|| ASSURED PASS!!!
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TEXAS STATE LIFE AND HEALTH INSURANCE E
Institution
TEXAS STATE LIFE AND HEALTH INSURANCE E
TEXAS STATE LIFE AND HEALTH INSURANCE
EXAM|| SIMULATOR EXAM LATEST AND FULLY
COVERED WITH ALL QUESTIONS AND
CORRECT ANSWERS ALREADY GRADED A+||
ASSURED PASS!!!
TEXAS STATE LIFE AND HEALTH INSURANCE
EXAM|| SIMULATOR EXAM LATEST AND FULLY
COVERED 2024-2025 WITH ALL QUESTIONS AND
CORRECT ANSWERS ALREADY GRADED A+||
ASSURED PASS!!!
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
A Cash Refund annuity
A Joint Life annuity - ANSWER: An installment Refund annuity
One becomes eligible for Social Security disability benefits after having been
disabled for
A potential client, age 40, would like to purchase a Whole Life policy that will
accumulate cash value at a faster rate in the early years of the policy. Which of
these statements made by the producer would be correct?
Straight life accumulates faster than Limited-pay Life
,2|Pag e
20-Pay Life accumulates cash value faster than Straight Life
Cash value accumulation of both 20-Pay Life and Straight Life depend on the
insurer's financial rating
20-Pay Life and Straight Life accumulate cash value at the same rate - ANSWER:
20-Pay Life accumulates cash value faster than Straight Life
Who makes the legally enforceable promises in a unilateral insurance policy?
Beneficiary
Insurance company
Insured
Applicant - ANSWER: Insurance company
The Consideration clause in a life insurance policy indicates that a policyowner's
consideration consists of a completed application and
the initial premium
agreeing to a physical examination
delivery of policy
disclosure of any medical conditions - ANSWER: the initial premium
Which parts of a life insurance policy are guaranteed to be true?
Rating
Representation
Statement
,3|Pag e
Warranty - ANSWER: Warranty
A comprehensive major medical health insurance policy contains an Eligible
Expenses provision which identifies the types of health care services that are
covered. All of the following health care services are typically covered EXCEPT
for
hospital charges
physician fees
experimental and investigative services
nursing services - ANSWER: experimental and investigative services
If a retiree on Medicare required five hospital stays in one year, which policy
would provide the best insurance for excess hospital expenses?
Long-term care
Indemnity
Medicare Supplement
Medicaid - ANSWER: Medicare Supplement
S, while in the process of converting her group life insurance to an individual
policy, dies. What happens to the claim her beneficiary submits?
No benefits are payable under the Master contract
Full benefits are payable under the Master contract
Full benefits are payable under the converted policy
, 4|Pag e
Benefits less required premium are payable under the converted policy -
ANSWER: Full benefits are payable under the Master contract
All of the following are limited benefit plans EXCEPT
cancer policies
life insurance policies
dental policies
critical illness policies - ANSWER: life insurance policies
A physician opens up a new practice and qualifies for a $7,000/month Disability
Income policy. What rider would the physician add if he wants the ability to
increase his policy benefit as his practice and income grow?
Extended Term rider
Cost of Living Adjustment rider
Guaranteed Insurability Option rider
Waiver of Premium rider - ANSWER: Guaranteed Insurability Option rider
An agent whose license has been revoked is required to
wait at least five years before applying for a new license
submit all previously written policies to the Commissioner of Insurance's office
for servicing of the accounts
cancel all policies currently in effect and advise the insureds to place them
elsewhere
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