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TEXAS GENERAL LINES LIFE ACCIDENT AND HEALTH INSURANCE EXAM 2024 VERSION A AND B ACTUAL EXAM COMPLETE QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+ GET IT 100% CORRECT!! €17,68
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TEXAS GENERAL LINES LIFE ACCIDENT AND HEALTH INSURANCE EXAM 2024 VERSION A AND B ACTUAL EXAM COMPLETE QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+ GET IT 100% CORRECT!!
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TEXAS GENERAL LINES LIFE ACCIDENT AND HEALTH INSURANCE EXAM 2024 VERSION A AND B ACTUAL EXAM COMPLETE QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+ GET IT 100% CORRECT!!

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10/5/24, 7:36 AM TEXAS GENERAL LINES LIFE ACCIDENT AND HEALTH INSURANCE EXAM 2024 VERSION A AND B ACTUAL EXAM CO…




TEXAS GENERAL LINES LIFE ACCIDENT AND
HEALTH INSURANCE EXAM 2024 VERSION A
AND B ACTUAL EXAM COMPLETE QUESTIONS
WITH DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS) /ALREADY GRADED A+
GET IT 100% CORRECT!!


Terms in this set (342)


LIFE SECTION 1 LIFE SECTION 1

1) Sandra Timms, age 27, D—A $50,000 Decreasing Term policy for 20 years
is advised by her
producer to purchase Explanation: The key here is "minimum premium".
Life insurance to cover a Term is the most inexpensive type of coverage.
20-year-amortized Since Sandra's $50,000 loan will be paid off over 20
$50,000 business- years and the loan balance will decrease each year,
improvement loan. Which Decreasing Term makes sense. Decreasing Term is
of the following plans not renewable.
would adequately
protect Ms. Timms at the
minimum premium
outlay?


A- $50,000 Whole Life
policy
B- $50,000 Level Term
policy for 20 years
C- $50,000 20 Pay Life
policy
D- $50,000 Decreasing
Term policy for 20 years



https://quizlet.com/952599933/texas-general-lines-life-accident-and-health-insurance-exam-2024-version-a-and-b-actual-exam-complete-questio… 1/31

,10/5/24, 7:36 AM TEXAS GENERAL LINES LIFE ACCIDENT AND HEALTH INSURANCE EXAM 2024 VERSION A AND B ACTUAL EXAM CO…

2) A 45-year old B- Equity Indexed Annuity
customer who is seeking
to supplement his
retirement income at age
65 would not buy a:


A- Deferred Annuity
B- Equity Indexed
Annuity
C- Variable Annuity
D- Immediate Annuity

C- 100
3) John Livingston owns a
30-Pay Life policy that he
Explanation: Limited Pay Life insurance policies such
purchased at the age of
as Life Paid Up at 65 or 20-Pay Life are simply
30. The cash value will
variations of Whole Life policies. The cash value will
equal the face amount of
equal face amount of the policy (at least) at the
the policy when he
maturity of the policy, which is always age 100 on
reaches the age of:
Whole Life policies. These limited-pay policies are
A- 60
designed so that the insured may pay his or her
B- 70
premiums faster and be "paid up" at a certain age.
C- 100
However, just because the premiums are paid up
D- 30
doesn't mean the policy has matured.

4) Which of the following C- Life Paid-Up at Age 65
is an example of a
Limited-Pay Life policy?
A- Universal life
B- Whole Life
C- Life Paid-Up at Age 65
D- Renewable Term to
Age 70




https://quizlet.com/952599933/texas-general-lines-life-accident-and-health-insurance-exam-2024-version-a-and-b-actual-exam-complete-questio… 2/31

,10/5/24, 7:36 AM TEXAS GENERAL LINES LIFE ACCIDENT AND HEALTH INSURANCE EXAM 2024 VERSION A AND B ACTUAL EXAM CO…

B- Whole Life
5) Which of the following
policies provides the If we had not mentioned cash accumulation, the
greatest amount of answer would have been Term. However, Term has
protection for an no cash value, so the answer is Whole Life, which is
insured's premium dollar the most inexpensive type of permanent insurance
as well as some cash and is required to have a cash value after the third
accumulation? policy year. Although Limited Pay Life is a type of
A- Annuity Whole Life, it is incorrect since it is usually quite
B- Whole Life expensive due to the shortened pay-in period.
C- Term Annuities have no cash value except the money the
D- Limited-Pay Life annuitant paid in. Since there is no death benefit, no
protection is offered.

6) Which of the following C- Conversion from a Term policy to a Whole Life
individual policy policy
conversions is usually
permitted without any
evidence of insurability?

7) Which of the following D- Ordinary Whole Life is a type of permanent
is NOT correct regarding insurance
Ordinary Whole Life
policies?
A- The premiums
payments are owed
annually until you die or
reach age 100
B- The cash value grows
more quickly in the
beginning years of the
policy
C- Coverage lasts for
your own life
D- Ordinary Whole Life is
a type of permanent
insurance




https://quizlet.com/952599933/texas-general-lines-life-accident-and-health-insurance-exam-2024-version-a-and-b-actual-exam-complete-questio… 3/31

, 10/5/24, 7:36 AM TEXAS GENERAL LINES LIFE ACCIDENT AND HEALTH INSURANCE EXAM 2024 VERSION A AND B ACTUAL EXAM CO…

8) Which of the following D- Premiums are payable throughout the insured's
statements is true about lifetime, and coverage continues until the insured's
the premium payment death
schedule for a Whole Life
policy?
A- Premiums are payable
for a designated period
of time only, after which
coverage is no longer
provided


B- Premiums are payable
until the insured's
retirement only, after
which coverage is
continued automatically
until the insured's death


C- One premium, in the
amount of the insured's
choice, is payable at the
time of application, and
the balance of the
premiums is deducted
from the face amount of
the policy at the time of
the insured's death


D- Premiums are payable
throughout the insured's
lifetime, and coverage
continues until the
insured's death




https://quizlet.com/952599933/texas-general-lines-life-accident-and-health-insurance-exam-2024-version-a-and-b-actual-exam-complete-questio… 4/31

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