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2024 TEXAS STATE EXAM SIMULATOR LIFE AND HEALTH INSURANCE COMPLETE 200 APPROVED PRACTICE QUESTIONS AND CORRECT VERIFIED ANSWERS (FULL REVISED EXAM) A NEW UPDATED VERSION |ALREADY GRADED A+ (BRAND NEW!!)$20.49
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2024 TEXAS STATE EXAM SIMULATOR LIFE AND HEALTH INSURANCE COMPLETE 200 APPROVED PRACTICE QUESTIONS AND CORRECT VERIFIED ANSWERS (FULL REVISED EXAM) A NEW UPDATED VERSION |ALREADY GRADED A+ (BRAND NEW!!)
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TEXAS STATE SIMULATOR
Institution
TEXAS STATE SIMULATOR
2024 TEXAS STATE EXAM SIMULATOR LIFE AND HEALTH INSURANCE COMPLETE 200 APPROVED PRACTICE QUESTIONS AND CORRECT VERIFIED ANSWERS (FULL REVISED EXAM) A NEW UPDATED VERSION |ALREADY GRADED A+ (BRAND NEW!!)
2024 TEXAS STATE EXAM SIMULATOR LIFE AND HEALTH
INSURANCE COMPLETE 200 APPROVED PRACTICE
QUESTIONS AND CORRECT VERIFIED ANSWERS (FULL
REVISED EXAM) A NEW UPDATED VERSION |ALREADY
GRADED A+ (BRAND NEW!!)
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
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?
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
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
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
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
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