TEXAS STATE LIFE AND HEALTH INSURANCE
EXAM SIMULATOR 2024-2025 ACTUAL EXAM 100
QUESTIONS AND CORRECT DETAILED ANSWERS
Terms in this set (200)
A 42-year-old executive Universal Life
wants to purchase life
insurance that will allow for
increases or decreases to
coverage as his/her needs
change. Which of the
following policies will best
meet this need?
Endowment at Age 75
Universal Life
Graded Benefit Whole Life
Modified Whole Life
A 66 year-old is covered Her group health plan
under a group health plan
while employed with a
business that has 40
employees. If she injures
herself while walking in the
park, what coverage would
be considered primary?
Medicaid
Long-term care
Medicare
Her group health plan
,The Accidental Death and is blinded in an accident
Dismemberment (AD&D)
provision in a life insurance
policy would pay additional
benefits if the insured
dies of natural causes
becomes critically ill
becomes chronically ill
is blinded in an accident
An accident policy will most off-the-job accident
likely pay a benefit for a(n)
After the initial enrollment 31
period, an HMO must hold
an open enrollment period
of how many days at LEAST
once in every 12-month
period?
15
31
45
90
,Agent J takes an application Return to the customer, collect a new check made out to
and initial premium from an the insurance company, and send the new check out to
applicant and sends the the insurance company
application and premium
check to the insurance
company. The insurance
company returns the check
back to J because the check
is made out to J instead of
the insurance company.
What action should J take?
Deposit the applicant's
check into his account and
make a personal check out
to the insurance company
from his personal account
Return to the customer,
collect a new check made
out to the insurance
company, and send the new
check out to the insurance
company
Cross off his name on the
"pay to" portion of the
check, write the name of
the insurance company, and
send the check back to the
insurance company
Deposit the check in to his
personal account, use the
funds to purchase a
cashiers check, and send
the new cashiers check
back to the insurance
company
, An agent MUST do which of Include a statement that dividends are NOT guaranteed
the following during a sales
presentation for a
participating life insurance
policy?
Include a statement that
dividends are NOT
guaranteed
Include a statement that
dividends ARE guaranteed
Explain the applicable
Nonforfeiture values
Explain the surrender cost
indexes for 5 and 10 years
An agent MUST give a Medicare Supplement policy
prospective insured an
Outline of Coverage when
taking an application for a
Whole life policy
Variable Annuity
Medicare Supplement
policy
Term Life policy
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