TEXAS LIFE INSURANCE EXAM PAPER
TESTED QUESTIONS RELIABLE ANSWERS
VIEW AHEAD PRACTICE SOLUTION
⩥ An insurance company may NOT reject a prospective insured's life
application on the basis of which of the following factors?
Height
Weight
Gender
Medical history.
Answer: gender
⩥ P completes an application for a $10,000 life policy, but does not give
the producer the initial premium. P's coverage becomes effective when.
Answer: P receives the policy and pays the premium
⩥ What type of group plan involves employees sharing the cost?.
Answer: contributory plan
⩥ A noncontributory group term life plan is characterized by.
Answer: the entire cost of the plan is paid for by the employer
,⩥ Under a trustee group life policy, who would be eligible for a
certificate of coverage?.
Answer: Employee
⩥ Which provision is NOT a requirement in a group life policy?.
Answer: Accidental
⩥ If its employees share in the cost of insurance, what type of group life
insurance plan would a corporation have?.
Answer: Contributory
⩥ W is a 39-year old female who just purchased an annuity to provide
income for life starting at age 60. All of these would be acceptable
annuity choices EXCEPT a(n)
Flexible Premium Deferred annuity
Variable annuity
Immediate annuity
Straight Life annuity.
Answer: Immediate annuity
⩥ T has an annuity that guarantees an income payment for the rest of his
life. The contract also guarantees that if T dies before receiving
payments for 20 years, the remaining payments will be paid to his son
for the balance of the 20 years. What type of annuity is this?.
, Answer: Life Annuity with Period Certain
⩥ Which of these is an element of a Single Premium annuity?.
Answer: Lump-sum payment
⩥ The annuity that represents the largest possible monthly payment to an
individual annuitant is a(n).
Answer: Straight Life annuity
⩥ Which of these statements concerning an Individual Straight Life
annuity is accurate?.
Answer: Payments are made to an annuitant for life
⩥ What is considered to be a characteristic of an immediate annuity?.
Answer: Benefit payments start within one payment period of purchase
⩥ Which type of contract liquidates an estate through recurrent
payments?.
Answer: Annuity
⩥ P, age 50, purchased an annuity that P will fund with $500/ month for
15 years. The annuity will then pay P retirement payments after the 15
years. Which type of annuity did P purchase?.
TESTED QUESTIONS RELIABLE ANSWERS
VIEW AHEAD PRACTICE SOLUTION
⩥ An insurance company may NOT reject a prospective insured's life
application on the basis of which of the following factors?
Height
Weight
Gender
Medical history.
Answer: gender
⩥ P completes an application for a $10,000 life policy, but does not give
the producer the initial premium. P's coverage becomes effective when.
Answer: P receives the policy and pays the premium
⩥ What type of group plan involves employees sharing the cost?.
Answer: contributory plan
⩥ A noncontributory group term life plan is characterized by.
Answer: the entire cost of the plan is paid for by the employer
,⩥ Under a trustee group life policy, who would be eligible for a
certificate of coverage?.
Answer: Employee
⩥ Which provision is NOT a requirement in a group life policy?.
Answer: Accidental
⩥ If its employees share in the cost of insurance, what type of group life
insurance plan would a corporation have?.
Answer: Contributory
⩥ W is a 39-year old female who just purchased an annuity to provide
income for life starting at age 60. All of these would be acceptable
annuity choices EXCEPT a(n)
Flexible Premium Deferred annuity
Variable annuity
Immediate annuity
Straight Life annuity.
Answer: Immediate annuity
⩥ T has an annuity that guarantees an income payment for the rest of his
life. The contract also guarantees that if T dies before receiving
payments for 20 years, the remaining payments will be paid to his son
for the balance of the 20 years. What type of annuity is this?.
, Answer: Life Annuity with Period Certain
⩥ Which of these is an element of a Single Premium annuity?.
Answer: Lump-sum payment
⩥ The annuity that represents the largest possible monthly payment to an
individual annuitant is a(n).
Answer: Straight Life annuity
⩥ Which of these statements concerning an Individual Straight Life
annuity is accurate?.
Answer: Payments are made to an annuitant for life
⩥ What is considered to be a characteristic of an immediate annuity?.
Answer: Benefit payments start within one payment period of purchase
⩥ Which type of contract liquidates an estate through recurrent
payments?.
Answer: Annuity
⩥ P, age 50, purchased an annuity that P will fund with $500/ month for
15 years. The annuity will then pay P retirement payments after the 15
years. Which type of annuity did P purchase?.
