Texas State Exam Simulator - Life and Health
Insurance (200 Questions Practice Exam)/
Questions with Certified Solutions.
An annuity promises that, if An installment Refund annuity
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
One becomes eligible for 5 months
Social Security disability
benefits after having been
disabled for
3 months
5 months
6 months
12 months
Terms in this set (200)
,A potential client, age 40, 20-Pay Life accumulates cash value faster than
would like to purchase a Straight Life
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?
Straight life accumulates
faster than Limited-pay
Life
20-Pay Life accumulates cash
value faster than
Straight Life
Cash value accumulation of
both 20-Pay Life and Straight
Life depend on the insurer's
financial rating
20-Pay Life and Straight Life
accumulate cash value at the
same rate
Insurance company
Who makes the legally
enforceable promises in a
unilateral insurance policy?
Beneficiary
Insurance company
Insured
Applicant
,The Consideration clause in a the initial premium
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
Which parts of a life Warranty
insurance policy are
guaranteed to be true?
Rating
Representation
Statement
Warranty
, A comprehensive major experimental and investigative services
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
Medicare Supplement
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
Insurance (200 Questions Practice Exam)/
Questions with Certified Solutions.
An annuity promises that, if An installment Refund annuity
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
One becomes eligible for 5 months
Social Security disability
benefits after having been
disabled for
3 months
5 months
6 months
12 months
Terms in this set (200)
,A potential client, age 40, 20-Pay Life accumulates cash value faster than
would like to purchase a Straight Life
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?
Straight life accumulates
faster than Limited-pay
Life
20-Pay Life accumulates cash
value faster than
Straight Life
Cash value accumulation of
both 20-Pay Life and Straight
Life depend on the insurer's
financial rating
20-Pay Life and Straight Life
accumulate cash value at the
same rate
Insurance company
Who makes the legally
enforceable promises in a
unilateral insurance policy?
Beneficiary
Insurance company
Insured
Applicant
,The Consideration clause in a the initial premium
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
Which parts of a life Warranty
insurance policy are
guaranteed to be true?
Rating
Representation
Statement
Warranty
, A comprehensive major experimental and investigative services
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
Medicare Supplement
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
