PEARSON VUE TEXAS LIFE AND HEALTH
INSURANCE STUDY GUIDE 2026 QUESTIONS
WITH COMPLETE SOLUTIONS GRADED A+
◉ An applicant's statements on an application are considered to be
legal:
A. warranties
B representations
c. gaurantees
D. waivers. Answer: representations
◉ A Joint Life policy:
A insures more than one person but only pays on the death of one
B. pays double the face value if death is accidental
C. provides medical as well as life insurance
D. provides a small amount of coverage for the children of the
insured. Answer: insures more than one person but only pays on the
death of one
,◉ A 40-year-old insured who buys a Single Premium Whole Life
Policy and lives to age 85 will have paid a total out-of-pocket cost
that is:
A. equal to the premiums paid for a 5-Year Life policy
B equal to the premiums paid for a Straight Life policy
more than the premiums paid for a Straight Life policy
D less than the premiums paid for a Straight Life policy. Answer: less
than the premiums paid for a Straight Life policy
◉ A payor benefit rider provides which of the following benefits?
A. A disability income benefit payable to the payor if the payor
becomes disabled
B A permanent waiver of premium should the payor die
C. A temporary waiver of premium should the pavor die. until the
insured reaches a predetermined age
D. A double indemnity Death benefit pavable to the beneficiary
upon the death of the pavor. Answer: A temporary waiver of
premium should the pavor die. until the insured reaches a
predetermined age
, ◉ If an insured commits suicide after the Suicide clause in the
insured's life insurance policy has expired, the insurer will take
which of the following actions?
A Refuse to pay the Death benefit or refund any premiums
B Refund only the premiums paid
C Refund the premiums paid plus interest
D Pay the Death benefit. Answer: Pay the Death benefit
◉ A client needs a substantial amount of protection but has limited
financial resources. Which of the following insurance policies would
BEST meet the client's needs?
A. Term Life
B. Adjustable Life
C. Whole Life
D. Limited-Pay Life. Answer: Term Life
◉ A producer takes applications from identical twins who want to
buy the same type of policy in the same amount. The insurer issues
the policies as applied for, but charges a 25 percent higher premium
for one of the policies. The difference in premiums is probably due
to which of the following factors?
INSURANCE STUDY GUIDE 2026 QUESTIONS
WITH COMPLETE SOLUTIONS GRADED A+
◉ An applicant's statements on an application are considered to be
legal:
A. warranties
B representations
c. gaurantees
D. waivers. Answer: representations
◉ A Joint Life policy:
A insures more than one person but only pays on the death of one
B. pays double the face value if death is accidental
C. provides medical as well as life insurance
D. provides a small amount of coverage for the children of the
insured. Answer: insures more than one person but only pays on the
death of one
,◉ A 40-year-old insured who buys a Single Premium Whole Life
Policy and lives to age 85 will have paid a total out-of-pocket cost
that is:
A. equal to the premiums paid for a 5-Year Life policy
B equal to the premiums paid for a Straight Life policy
more than the premiums paid for a Straight Life policy
D less than the premiums paid for a Straight Life policy. Answer: less
than the premiums paid for a Straight Life policy
◉ A payor benefit rider provides which of the following benefits?
A. A disability income benefit payable to the payor if the payor
becomes disabled
B A permanent waiver of premium should the payor die
C. A temporary waiver of premium should the pavor die. until the
insured reaches a predetermined age
D. A double indemnity Death benefit pavable to the beneficiary
upon the death of the pavor. Answer: A temporary waiver of
premium should the pavor die. until the insured reaches a
predetermined age
, ◉ If an insured commits suicide after the Suicide clause in the
insured's life insurance policy has expired, the insurer will take
which of the following actions?
A Refuse to pay the Death benefit or refund any premiums
B Refund only the premiums paid
C Refund the premiums paid plus interest
D Pay the Death benefit. Answer: Pay the Death benefit
◉ A client needs a substantial amount of protection but has limited
financial resources. Which of the following insurance policies would
BEST meet the client's needs?
A. Term Life
B. Adjustable Life
C. Whole Life
D. Limited-Pay Life. Answer: Term Life
◉ A producer takes applications from identical twins who want to
buy the same type of policy in the same amount. The insurer issues
the policies as applied for, but charges a 25 percent higher premium
for one of the policies. The difference in premiums is probably due
to which of the following factors?
