Texas Life and Health Insurance Exam Latest Updated

Texas Life and Health Insurance Exam Latest Updated An applicant who receives a preferred risk classification qualifies for - ANSWERLower premiums than a person who receives a standard risk The full premium was submitted with the application for life insurance, and the policy was issued two weeks later as requested. When does the policy coverage become effective? - ANSWERAs of the application date When an insured makes truthful statements on the application for insurance and pays the required premium, it is known as which of the following? - ANSWERConsideration If a policy includes a free-look period of at least 10 days, the Buyer's Guide may be delivered to the applicant - ANSWERWith the policy Which of the following is NOT the consideration in a policy? - ANSWERThe application given to a prospective insured A man decided to purchase a $100,000 Annually renewable term life policy to provide additional protection until his children finished college. He discovered that his policy - ANSWERRequired a premium increase each renewal Which of the following is NOT true regarding the annuitant? - ANSWERThe annuitant cannot be the same person as the annuity o