Pearson Vue Texas life and health
insurance test (Latest
Updates) Questions & Answers 100%
Correct {Grade A}
Which of the following best describes annually renewable term insurance?
A. Neither the premium nor the death benefit is affected by the insured's age
B. It provides an annually increasing death benefit
C. It is level insurance
D. It requires proof of insurability at each renewable - correct answer It is level
insurance
When a reduced paid -up nonforfeiture option is chosen, what happens to the face
amount of the policy?
A. It is increased when extra premiums are paid
B. It decreases over the term of the policy
C. It remains the same as the original policy, regardless of any differences in value
,D. It is reduced to the amount of what the cash value would buy as a single premium -
correct answer It is reduced to the amount of what the cash value would buy as a
single premium
When is the earliest a policy may go into effect?
A. When the insurer approves the application
B. After the underwriter reviews the policy
C. When the application is signed and a check is given to the agent
D. When the first premium is paid and the policy has been delivered - correct answer
When the application is signed and a check is given to the agent
Under the uniform required provisions, proof of loss under a health insurance policy
normally should be filed within
A. 60 days of a loss
B. 90 days of a loss
C. 20 days of a loss
D. 3o days of a loss - correct answer 90 days of a loss
,Social Security disability definition includes all of the following EXCEPT
A. A physical impairment expected to result in death
B. Disability expected to last for at least 6 months
C. The inability to engage in any gainful work
D. Disability resulting from a medically determinable mental impairment - correct
answer Disability expected to last for at least 6 months
An agent makes a mistake on the application and then corrects his mistakes by
physically entering the necessary information. Who must then initial that charge?
A. Executive officer of the company
B. Insured
C. Agent
D. Applicant - correct answer Applicant
The form of life annuity which pays benefits throughout the lifetime of the annuitant
and also guarantees payment for a minimum number of years is called
A. Life income with period certain
B. Life income with refund
, C. Joint and survivorship
D. Joint life annuity - correct answer Life income with period certain
All of the following long-term care coverages would allow an insured to receive care
at home EXCEPT
A. Skilled care
B. Custodial care in insured's house
C. Respite care
D. Home health care - correct answer Skilled care
An applicant is discussing his options for Medicare supplement coverage with his
agent. The applicant is 65 years old and has just enrolled in Medicare Part A and Part
B. What is the insurance company obligated to do?
A. Send the applicant to a doctor for a physical. Nothing can happen until they get the
results
B. Offer the supplement policy on a guaranteed issue basis
C. Exclude pre-existing conditions from coverage under the supplement policies
insurance test (Latest
Updates) Questions & Answers 100%
Correct {Grade A}
Which of the following best describes annually renewable term insurance?
A. Neither the premium nor the death benefit is affected by the insured's age
B. It provides an annually increasing death benefit
C. It is level insurance
D. It requires proof of insurability at each renewable - correct answer It is level
insurance
When a reduced paid -up nonforfeiture option is chosen, what happens to the face
amount of the policy?
A. It is increased when extra premiums are paid
B. It decreases over the term of the policy
C. It remains the same as the original policy, regardless of any differences in value
,D. It is reduced to the amount of what the cash value would buy as a single premium -
correct answer It is reduced to the amount of what the cash value would buy as a
single premium
When is the earliest a policy may go into effect?
A. When the insurer approves the application
B. After the underwriter reviews the policy
C. When the application is signed and a check is given to the agent
D. When the first premium is paid and the policy has been delivered - correct answer
When the application is signed and a check is given to the agent
Under the uniform required provisions, proof of loss under a health insurance policy
normally should be filed within
A. 60 days of a loss
B. 90 days of a loss
C. 20 days of a loss
D. 3o days of a loss - correct answer 90 days of a loss
,Social Security disability definition includes all of the following EXCEPT
A. A physical impairment expected to result in death
B. Disability expected to last for at least 6 months
C. The inability to engage in any gainful work
D. Disability resulting from a medically determinable mental impairment - correct
answer Disability expected to last for at least 6 months
An agent makes a mistake on the application and then corrects his mistakes by
physically entering the necessary information. Who must then initial that charge?
A. Executive officer of the company
B. Insured
C. Agent
D. Applicant - correct answer Applicant
The form of life annuity which pays benefits throughout the lifetime of the annuitant
and also guarantees payment for a minimum number of years is called
A. Life income with period certain
B. Life income with refund
, C. Joint and survivorship
D. Joint life annuity - correct answer Life income with period certain
All of the following long-term care coverages would allow an insured to receive care
at home EXCEPT
A. Skilled care
B. Custodial care in insured's house
C. Respite care
D. Home health care - correct answer Skilled care
An applicant is discussing his options for Medicare supplement coverage with his
agent. The applicant is 65 years old and has just enrolled in Medicare Part A and Part
B. What is the insurance company obligated to do?
A. Send the applicant to a doctor for a physical. Nothing can happen until they get the
results
B. Offer the supplement policy on a guaranteed issue basis
C. Exclude pre-existing conditions from coverage under the supplement policies
