Texas Life Insurance Exam | Questions & Answers Already Passed| Updated 2024

Texas Life Insurance Exam | Questions & Answers Already Passed| Updated 2024 P completes an application for a $10,000 life policy, but does not give the producer the initial premium. P's coverage becomes effective when - Answer P receives the policy and pays the premium 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 carrer? - Answer 20-Pay Life accumulates cash value faster than Straight Life How does an indexed annuity differ from a fixed annuity ? - Answer Indexed annuity owners receive credited interest tied to the fluctuations of the linked index During a sales presentation for a participating life insurance policy, an agent MUST - Answer make a prospect understand that dividends are NOT guaranteed