TEXAS STATE EXAM SIMULATOR -
LIFE AND HEALTH INSURANCE
UPDATED 2025|ACTUAL EXAM
WITH 100% VERIFIED QUESTIONS
AND CORRECT SOLUTIONS
An annuity promises that, if the annuitant dies before receiving
payments equal to the correct value, the payments will be continued to
a beneficiary until an amount equal to the contract value has been
paid. This type of annuity is called
An installment Refund annuity
A Straight Life annuity
A Cash Refund annuity
A Joint Life annuity - CORRECT-ANSWER-An installment Refund annuity
,The Consideration clause in a life insurance policy indicates that a
policyowner's consideration consists of a completed application and
the initial premium
agreeing to a physical examination
delivery of policy
disclosure of any medical conditions - CORRECT-ANSWER-the initial
premium
Which parts of a life insurance policy are guaranteed to be true?
Rating
Representation
Statement
Warranty - CORRECT-ANSWER-Warranty
A comprehensive major medical health insurance policy contains an
Eligible Expenses provision which identifies the types of health care
,services that are covered. All of the following health care services are
typically covered EXCEPT for
hospital charges
physician fees
experimental and investigative services
nursing services - CORRECT-ANSWER-experimental and investigative
services
If a retiree on Medicare required five hospital stays in one year, which
policy would provide the best insurance for excess hospital expenses?
Long-term care
Indemnity
Medicare Supplement
Medicaid - CORRECT-ANSWER-Medicare Supplement
, S, while in the process of converting her group life insurance to an
individual policy, dies. What happens to the claim her beneficiary
submits?
No benefits are payable under the Master contract
Full benefits are payable under the Master contract
Full benefits are payable under the converted policy
Benefits less required premium are payable under the converted policy
- CORRECT-ANSWER-Full benefits are payable under the Master
contract
All of the following are limited benefit plans EXCEPT
cancer policies
life insurance policies
dental policies
critical illness policies - CORRECT-ANSWER-life insurance policies
LIFE AND HEALTH INSURANCE
UPDATED 2025|ACTUAL EXAM
WITH 100% VERIFIED QUESTIONS
AND CORRECT SOLUTIONS
An annuity promises that, if the annuitant dies before receiving
payments equal to the correct value, the payments will be continued to
a beneficiary until an amount equal to the contract value has been
paid. This type of annuity is called
An installment Refund annuity
A Straight Life annuity
A Cash Refund annuity
A Joint Life annuity - CORRECT-ANSWER-An installment Refund annuity
,The Consideration clause in a life insurance policy indicates that a
policyowner's consideration consists of a completed application and
the initial premium
agreeing to a physical examination
delivery of policy
disclosure of any medical conditions - CORRECT-ANSWER-the initial
premium
Which parts of a life insurance policy are guaranteed to be true?
Rating
Representation
Statement
Warranty - CORRECT-ANSWER-Warranty
A comprehensive major medical health insurance policy contains an
Eligible Expenses provision which identifies the types of health care
,services that are covered. All of the following health care services are
typically covered EXCEPT for
hospital charges
physician fees
experimental and investigative services
nursing services - CORRECT-ANSWER-experimental and investigative
services
If a retiree on Medicare required five hospital stays in one year, which
policy would provide the best insurance for excess hospital expenses?
Long-term care
Indemnity
Medicare Supplement
Medicaid - CORRECT-ANSWER-Medicare Supplement
, S, while in the process of converting her group life insurance to an
individual policy, dies. What happens to the claim her beneficiary
submits?
No benefits are payable under the Master contract
Full benefits are payable under the Master contract
Full benefits are payable under the converted policy
Benefits less required premium are payable under the converted policy
- CORRECT-ANSWER-Full benefits are payable under the Master
contract
All of the following are limited benefit plans EXCEPT
cancer policies
life insurance policies
dental policies
critical illness policies - CORRECT-ANSWER-life insurance policies
