TEXAS LIFE AND HEALTH INSURANCE EXAM. QUESTIONS AND ANSWERS.

91. 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? 92. Which of these is an element of a Single Premium annuity? 93. The annuity that represents the largest possible monthly payment to an individual annuitant is a(n) 94. Which of these statements concerning an Individual Straight Life annuity is accurate? 95. What is considered to be a characteristic of an immediate annuity? 96. Which type of contract liquidates an estate through recurrent payments? 97. 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? 98. Which of the following annuities pays benefits based on units rather than specific dollar amounts? 99. P is a forty year old woman and would like to purchase an annuity that will provide a lifetime income stream beginning at age sixty. Which of the following did she NOT buy? 100. One becomes eligible for Social Security disability benefits after having been disabled for