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PEARSON VUE TEXAS LIFE INSURANCE EXAM LATEST 2026-2027 ACTUAL
EXAM WITH COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS
(100% VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR VERIFIED||
||BRANDNEW!!!||
A partnership buy-sell agreement in which each partner
purchases insurance on the life of each of the other partners is
called a
A. split-dollar plan
B. Stock reduction plan
C. Cross-purchase plan
D. Key person plan - ANSWER-Cross-purchase plan
An insured purchase a 15-year level term life insurance policy
with a face amount of $100,000. The policy contained an
accidental death rider, offering a double indemnity benefits. The
insured was severely injured in an auto accident, and after 10
weeks of hospitalization, died from the injuries. What amount
would his beneficiary receives as a settlement?
A. 0
B. $100,000
C. $200,000
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D. $100,000 plus the total of paid premiums - ANSWER-$200,000
The premium charged for exercising the guaranteed insurability
Rider is based upon the insured's
A. Average age
B. Issue age
C. Attained age
D. Assumed age - ANSWER-Attained age
all of the following statements concerning Medicaid are correct
EXCEPT
A. Individual states design and administer the Medicaid program
under broad guidelines established by the federal government
B. Individuals claiming benefits must prove they do not have the
ability or means to pay for their own medical care
C. Persons, at least 65 years of age, who are blind or disabled
and financially unable to pay, may qualify for Medicaid Nursing
Home benefits
D. Medicaid is a state funded program that provides health care
to persons over age 65, only - ANSWER-Medicaid is a state
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funded program that provides health care to persons over age 65,
only
When an insured makes truthful statements on the application for
insurance and pays the required premium, it is known as which of
the following?
A. consideration
B. Legal purpose
C. Contract of adhesion
D. Acceptance - ANSWER-Consideration
An individual is purchasing a permanent life insurance policy with
a face value of $25,000. While this is all the insurance that he can
afford at this time, he wants to be sure that additional coverage
will be available in the future. Which of the following options
should be included in the policy?
A. Guaranteed insurability option
B. Dividend options
C. Guaranteed renewable option
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D. Nonforfeiture options - ANSWER-Guaranteed insurability
option
An individual purchased a $100,000 Joint life policy on himself
and his wife. Eight years later, he died in an automobile accident.
How much will his wife receive from the policy?
A. nothing
B. $50,000
C. $100,000
D. $200,000 - ANSWER-$100,000
Most policies will pay the accidental death benefits as long as the
death is caused by the caused by the accident and occurs within
A. 30 days
B. 60 days
C. 90 days
D. 120 days - ANSWER-90 days
PEARSON VUE TEXAS LIFE INSURANCE EXAM LATEST 2026-2027 ACTUAL
EXAM WITH COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS
(100% VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR VERIFIED||
||BRANDNEW!!!||
A partnership buy-sell agreement in which each partner
purchases insurance on the life of each of the other partners is
called a
A. split-dollar plan
B. Stock reduction plan
C. Cross-purchase plan
D. Key person plan - ANSWER-Cross-purchase plan
An insured purchase a 15-year level term life insurance policy
with a face amount of $100,000. The policy contained an
accidental death rider, offering a double indemnity benefits. The
insured was severely injured in an auto accident, and after 10
weeks of hospitalization, died from the injuries. What amount
would his beneficiary receives as a settlement?
A. 0
B. $100,000
C. $200,000
,2|Page
D. $100,000 plus the total of paid premiums - ANSWER-$200,000
The premium charged for exercising the guaranteed insurability
Rider is based upon the insured's
A. Average age
B. Issue age
C. Attained age
D. Assumed age - ANSWER-Attained age
all of the following statements concerning Medicaid are correct
EXCEPT
A. Individual states design and administer the Medicaid program
under broad guidelines established by the federal government
B. Individuals claiming benefits must prove they do not have the
ability or means to pay for their own medical care
C. Persons, at least 65 years of age, who are blind or disabled
and financially unable to pay, may qualify for Medicaid Nursing
Home benefits
D. Medicaid is a state funded program that provides health care
to persons over age 65, only - ANSWER-Medicaid is a state
,3|Page
funded program that provides health care to persons over age 65,
only
When an insured makes truthful statements on the application for
insurance and pays the required premium, it is known as which of
the following?
A. consideration
B. Legal purpose
C. Contract of adhesion
D. Acceptance - ANSWER-Consideration
An individual is purchasing a permanent life insurance policy with
a face value of $25,000. While this is all the insurance that he can
afford at this time, he wants to be sure that additional coverage
will be available in the future. Which of the following options
should be included in the policy?
A. Guaranteed insurability option
B. Dividend options
C. Guaranteed renewable option
, 4|Page
D. Nonforfeiture options - ANSWER-Guaranteed insurability
option
An individual purchased a $100,000 Joint life policy on himself
and his wife. Eight years later, he died in an automobile accident.
How much will his wife receive from the policy?
A. nothing
B. $50,000
C. $100,000
D. $200,000 - ANSWER-$100,000
Most policies will pay the accidental death benefits as long as the
death is caused by the caused by the accident and occurs within
A. 30 days
B. 60 days
C. 90 days
D. 120 days - ANSWER-90 days
