Texas State Exam Simulator - Life
and Health Insurance (200
Questions Practice Exam)
Questions and Answers 100%
PASS
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
One becomes eligible for Social Security disability benefits after having been
disabled for
3 months
,5 months
6 months
12 months - CORRECT ANSWER-5 months
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?
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 - CORRECT
ANSWER-20-Pay Life accumulates cash value faster than Straight Life
Who makes the legally enforceable promises in a unilateral insurance policy?
Beneficiary
Insurance company
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
,Insured
Applicant - CORRECT ANSWER-Insurance company
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
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
and Health Insurance (200
Questions Practice Exam)
Questions and Answers 100%
PASS
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
One becomes eligible for Social Security disability benefits after having been
disabled for
3 months
,5 months
6 months
12 months - CORRECT ANSWER-5 months
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?
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 - CORRECT
ANSWER-20-Pay Life accumulates cash value faster than Straight Life
Who makes the legally enforceable promises in a unilateral insurance policy?
Beneficiary
Insurance company
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
,Insured
Applicant - CORRECT ANSWER-Insurance company
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
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
