TEXAS STATE EXAM SIMULATOR - LIFE AND HEALTH INSURANCE (200 QUESTIONS
PRACTICE EXAM) NEWEST EXAM 2025 WITH MULTIPLE CHOICE OF QUESTIONS
AND DETAILED SOLVED SOLUTIONS ALREADY GRADED A+ AND 100%
GUARANTEE PASS (BRAND NEW!!!!!)
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 ANSWERS-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 ANSWERS-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
ANSWERS-20-Pay Life accumulates cash value faster than Straight Life
Who makes the legally enforceable promises in a unilateral insurance policy?
Beneficiary
Insurance company
Insured
Applicant - CORRECT ANSWERS-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 ANSWERS-the initial premium
Which parts of a life insurance policy are guaranteed to be true?
Rating
Representation
Statement
Warranty - CORRECT ANSWERS-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 ANSWERS-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 ANSWERS-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
Full benefits are payable under the converted policy
Benefits less required premium are payable under the converted policy - CORRECT
ANSWERS-Full benefits are payable under the Master contract
All of the following are limited benefit plans EXCEPT
cancer policies
life insurance policies
dental policies
, critical illness policies - CORRECT ANSWERS-life insurance policies
A physician opens up a new practice and qualifies for a $7,000/month Disability Income
policy. What rider would the physician add if he wants the ability to increase his policy benefit
as his practice and income grow?
Extended Term rider
Cost of Living Adjustment rider
Guaranteed Insurability Option rider
Waiver of Premium rider - CORRECT ANSWERS-Guaranteed Insurability Option rider
An agent whose license has been revoked is required to
wait at least five years before applying for a new license
submit all previously written policies to the Commissioner of Insurance's office for servicing
of the accounts
cancel all policies currently in effect and advise the insureds to place them elsewhere
continue to service the existing accounts but not solicit new business - CORRECT
ANSWERS-wait at least five years before applying for a new license
The benefits under a Disability Buy-Out policy are
normally paid in installments
taxable to the beneficiary
payable to the company or another shareholder
normally paid after a short elimination period - CORRECT ANSWERS-payable to the
company or another shareholder
he Health Insurance Portability and Accountability Act (HIPAA) gives privacy protection for
PRACTICE EXAM) NEWEST EXAM 2025 WITH MULTIPLE CHOICE OF QUESTIONS
AND DETAILED SOLVED SOLUTIONS ALREADY GRADED A+ AND 100%
GUARANTEE PASS (BRAND NEW!!!!!)
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 ANSWERS-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 ANSWERS-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
ANSWERS-20-Pay Life accumulates cash value faster than Straight Life
Who makes the legally enforceable promises in a unilateral insurance policy?
Beneficiary
Insurance company
Insured
Applicant - CORRECT ANSWERS-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 ANSWERS-the initial premium
Which parts of a life insurance policy are guaranteed to be true?
Rating
Representation
Statement
Warranty - CORRECT ANSWERS-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 ANSWERS-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 ANSWERS-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
Full benefits are payable under the converted policy
Benefits less required premium are payable under the converted policy - CORRECT
ANSWERS-Full benefits are payable under the Master contract
All of the following are limited benefit plans EXCEPT
cancer policies
life insurance policies
dental policies
, critical illness policies - CORRECT ANSWERS-life insurance policies
A physician opens up a new practice and qualifies for a $7,000/month Disability Income
policy. What rider would the physician add if he wants the ability to increase his policy benefit
as his practice and income grow?
Extended Term rider
Cost of Living Adjustment rider
Guaranteed Insurability Option rider
Waiver of Premium rider - CORRECT ANSWERS-Guaranteed Insurability Option rider
An agent whose license has been revoked is required to
wait at least five years before applying for a new license
submit all previously written policies to the Commissioner of Insurance's office for servicing
of the accounts
cancel all policies currently in effect and advise the insureds to place them elsewhere
continue to service the existing accounts but not solicit new business - CORRECT
ANSWERS-wait at least five years before applying for a new license
The benefits under a Disability Buy-Out policy are
normally paid in installments
taxable to the beneficiary
payable to the company or another shareholder
normally paid after a short elimination period - CORRECT ANSWERS-payable to the
company or another shareholder
he Health Insurance Portability and Accountability Act (HIPAA) gives privacy protection for
