TEXAS LIFE INSURANCE COMPREHENSIVE
CERTIFICATION EXAMINATION 2026 FULL
QUESTIONS AND VERIFIED SOLUTIONS
◉ T has an annuity that guarantees an income payment for the rest
of his life. The contract also guarantees that if T dies before receiving
payments for 20 years, the remaining payments will be paid to his
son for the balance of the 20 years. What type of annuity is this?
Answer: Life Annuity with Period Certain
◉ Which of these is an element of a Single Premium annuity?
Answer: Lump-sum payment
◉ The annuity that represents the largest possible monthly payment
to an individual annuitant is a(n)
Answer: Straight Life annuity
◉ Which of these statements concerning an Individual Straight Life
annuity is accurate?
Answer: Payments are made to an annuitant for life
,◉ What is considered to be a characteristic of an immediate
annuity?
Answer: Benefit payments start within one payment period of
purchase
◉ Which type of contract liquidates an estate through recurrent
payments?
Answer: Annuity
◉ P, age 50, purchased an annuity that P will fund with $500/ month
for 15 years. The annuity will then pay P retirement payments after
the 15 years. Which type of annuity did P purchase?
Answer: Deferred
◉ Which of the following annuities pays benefits based on units
rather than specific dollar amounts?
Answer: A Variable annuity
◉ P is a forty year old woman and would like to purchase an annuity
that will provide a lifetime income stream beginning at age sixty.
Which of the following did she NOT buy?
Answer: An immediate annuity
, ◉ One becomes eligible for Social Security disability benefits after
having been disabled for
Answer: 5 months
◉ What is Old Age and Survivors Health Insurance (OASDHI) also
known as?
Answer: Social Security
◉ All of these are considered to be a benefit under Social Security
EXCEPT for
Answer: unemployment
◉ Q is severely injured in an automobile accident and becomes
totally disabled. How many months must Q be disabled before being
able to apply for Social Security disability benefits?
Answer: 5
◉ What determines the full amount of Social Security retirement
benefits a qualified individual is entitled to receive?
Answer: Primary Insurance Amount (PIA)
◉ Which of these retirement plans can be started by an employee,
even if another plan is in existence?
Answer: Individual Retirement Account (IRA)
CERTIFICATION EXAMINATION 2026 FULL
QUESTIONS AND VERIFIED SOLUTIONS
◉ T has an annuity that guarantees an income payment for the rest
of his life. The contract also guarantees that if T dies before receiving
payments for 20 years, the remaining payments will be paid to his
son for the balance of the 20 years. What type of annuity is this?
Answer: Life Annuity with Period Certain
◉ Which of these is an element of a Single Premium annuity?
Answer: Lump-sum payment
◉ The annuity that represents the largest possible monthly payment
to an individual annuitant is a(n)
Answer: Straight Life annuity
◉ Which of these statements concerning an Individual Straight Life
annuity is accurate?
Answer: Payments are made to an annuitant for life
,◉ What is considered to be a characteristic of an immediate
annuity?
Answer: Benefit payments start within one payment period of
purchase
◉ Which type of contract liquidates an estate through recurrent
payments?
Answer: Annuity
◉ P, age 50, purchased an annuity that P will fund with $500/ month
for 15 years. The annuity will then pay P retirement payments after
the 15 years. Which type of annuity did P purchase?
Answer: Deferred
◉ Which of the following annuities pays benefits based on units
rather than specific dollar amounts?
Answer: A Variable annuity
◉ P is a forty year old woman and would like to purchase an annuity
that will provide a lifetime income stream beginning at age sixty.
Which of the following did she NOT buy?
Answer: An immediate annuity
, ◉ One becomes eligible for Social Security disability benefits after
having been disabled for
Answer: 5 months
◉ What is Old Age and Survivors Health Insurance (OASDHI) also
known as?
Answer: Social Security
◉ All of these are considered to be a benefit under Social Security
EXCEPT for
Answer: unemployment
◉ Q is severely injured in an automobile accident and becomes
totally disabled. How many months must Q be disabled before being
able to apply for Social Security disability benefits?
Answer: 5
◉ What determines the full amount of Social Security retirement
benefits a qualified individual is entitled to receive?
Answer: Primary Insurance Amount (PIA)
◉ Which of these retirement plans can be started by an employee,
even if another plan is in existence?
Answer: Individual Retirement Account (IRA)
