TEXAS LIFE AND HEALTH STATE
EXAM SIMULATOR EXAM
QUESTIONS AND ANSWERS 100%
SOLVED.
, The Universal Life Policy is called an unbundled Life Policy because the policyholder
can see the expense charges, the interest earned, and the - ANSWERCost of insurance
The investment gains from a Universal Life Policy usually go toward - ANSWERthe
cash value
What is the MINIMUM benefit period that must be offered by a Long-Term Care policy?
- ANSWER12 months
What type of life insurance gives the greatest amount of coverage for a limited period of
time? - ANSWERTerm life
An Evidence of Coverage form may be issued by a Health Maintenance Organization
(HMO) after being approved by the - ANSWERCommissioner
The reason for a business having a Business Overhead Expense Disability Plan is to
cover - ANSWERfixed business expenses
B the insurance agent tells his clients that their rights may be impaired if they fail to
complete a release form within a given period of time. B may be found guilty of -
ANSWERcoercion
Which requirement must be met for an association to be eligible for a group life plan? -
ANSWERGroup was formed for a purpose other than acquiring insurance
T owns an Accident & Health policy and notifies her insurance company that she has
chosen a less hazardous occupation. Under the Change of Occupation provision, which
of the following actions may her insurance company take? - ANSWERIncrease her
policy's coverage amount
P is the insured on a participating life policy. Which statement is true if P's premiums are
waived due to a disability? - ANSWERP will still receive declared dividends
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? - ANSWER20-Pay LIfe
accumulates cash value faster than Straight Life
M has an insurance policy that also has an outstanding policy loan at the time of M's
death. The insurer will deduct the outstanding loan balance from the - ANSWERpolicy
proceeds
EXAM SIMULATOR EXAM
QUESTIONS AND ANSWERS 100%
SOLVED.
, The Universal Life Policy is called an unbundled Life Policy because the policyholder
can see the expense charges, the interest earned, and the - ANSWERCost of insurance
The investment gains from a Universal Life Policy usually go toward - ANSWERthe
cash value
What is the MINIMUM benefit period that must be offered by a Long-Term Care policy?
- ANSWER12 months
What type of life insurance gives the greatest amount of coverage for a limited period of
time? - ANSWERTerm life
An Evidence of Coverage form may be issued by a Health Maintenance Organization
(HMO) after being approved by the - ANSWERCommissioner
The reason for a business having a Business Overhead Expense Disability Plan is to
cover - ANSWERfixed business expenses
B the insurance agent tells his clients that their rights may be impaired if they fail to
complete a release form within a given period of time. B may be found guilty of -
ANSWERcoercion
Which requirement must be met for an association to be eligible for a group life plan? -
ANSWERGroup was formed for a purpose other than acquiring insurance
T owns an Accident & Health policy and notifies her insurance company that she has
chosen a less hazardous occupation. Under the Change of Occupation provision, which
of the following actions may her insurance company take? - ANSWERIncrease her
policy's coverage amount
P is the insured on a participating life policy. Which statement is true if P's premiums are
waived due to a disability? - ANSWERP will still receive declared dividends
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? - ANSWER20-Pay LIfe
accumulates cash value faster than Straight Life
M has an insurance policy that also has an outstanding policy loan at the time of M's
death. The insurer will deduct the outstanding loan balance from the - ANSWERpolicy
proceeds
