100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached 4.2 TrustPilot
logo-home
Previously searched by you
Previously searched by you
logo
  • TEXAS HEALTH AND LIFE INSURANCE
  • TEXAS HEALTH AND LIFE INSURANCE
To add items to your wishlist, you must be logged in
Exam (elaborations)

EXAMFX- LIFE INSURANCE 2025 LATEST UPDATE EXPERT VERIFIED QUESTIONS AND ANSWERS REAL EXAM

Rating
-
Sold
-
Pages
12
Grade
A+
Uploaded on
10-12-2024
Written in
2024/2025

EXAMFX- LIFE INSURANCE 2025 LATEST UPDATE EXPERT VERIFIED QUESTIONS AND ANSWERS REAL EXAM

Institution
TEXAS HEALTH AND LIFE INSURANCE
Course
TEXAS HEALTH AND LIFE INSURANCE









Whoops! We can’t load your doc right now. Try again or contact support.
Report Copyright Violation

Written for

Institution
TEXAS HEALTH AND LIFE INSURANCE
Course
TEXAS HEALTH AND LIFE INSURANCE

Document information

Uploaded on
December 10, 2024
Number of pages
12
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

  • examfx life insurance 2025 latest update expert v

Content preview

EXAMFX: LIFE INSURANCE 2025 LATEST UPDATE
EXPERT VERIFIED QUESTIONS AND ANSWERS REAL
EXAM

LifeTInsuranceT-TcorrectTanswer-
anTinsuredTpaysTaTpremiumTtoTanTinsuranceTcompany,TandTinTreturn,TtheTinsuranceTcompanyTassumesTtheTr
iskTofTthatTpersonTdyingTprematurely


LifeTInsuranceTValueT-TcorrectTanswer--
itTcanTbeTaTvaluableTpartTofTanTindividual'sTestate,TprovidingTimmediateTcashTtoTpayTdebtsTandTprovidingTfi
nancialTsecurityTtoTtheTinsured'sTsurvivors
-likeTlandTorTbuildings,TtheTcashTvalueTofTaTlifeTinsuranceTpolicyTcanTbeTusedTasTcollateralTtoTsecureTaTloan
-lifeTinsuranceTmayTbeTpaidTforTinTmanageableTinstallmentsTcalledTpremiums


WhatTareTtheTthreeTincomeTperiodsTthatTmostTinsuredsTareTexposedTto?T-TcorrectTanswer-
FamilyTDependencyTPeriod,TPreretirementTPeriod,TRetirementTPeriod


FamilyTDependencyTPeriodT-TcorrectTanswer-
thisTisTtheTperiodTwhen,TshouldTtheTinsuredTdieTprematurely,TtheTsurvivingTspouseTwillThaveTdependentTchi
ldrenTtoTsupport;TtheTfamily'sTincomeTneedTwillTbeTgreatestTduringTthisTperiod


PreretirementTPeriodT-TcorrectTanswer-
thisTisTtheTperiodTafterTtheTchildrenTareTnoTlongerTdependentTuponTtheTsurvivingTspouseTforTsupport,TbutTbe
foreTtheTsurvivingTspouseTqualifiesTforTSocialTSecurityTsurvivorTbenefitsT(blackoutTperiod);TtheTincomeTne
edsTofTtheTsurvivingTspouseTlessenTduringTthisTperiodT-
TuntilTtheTsurvivingTsouseTreachesTageT60,TsocialTsecurityTbenefitsTareTnotTavailable




RetirementTPeriodT-TcorrectTanswer-
survivingTspouse'sTworkingTincomeTceasesTandThis/hersTsocialTsecurityTbenefitsTbegin;TsinceTtheTsurviving
Tspouse'sTstandardTofTlivingTdoesTnotTlessen,TheTorTsheTwillTrequireTanTincomeTcomparableTtoTtheTpreretire

mentTperiod


DataTthatTmustTbeTgatheredTforTplanningTprocess:T-TcorrectTanswer-debt,Tincome,Tmortgage,Texpenses

, DebtTCancellationT-TcorrectTanswer-
insuranceTmayTbeTusedTtoTcreateTaTfundTtoTpayToffTdebtsTofTtheTinsuredTsuchTaThomeTmortgage'sTorTautoTlo
ans


EmergencyTReserveTFundsT-TcorrectTanswer-
insuranceTproceedsTmayTbeTusedTtoTassistTinTpayingTforTsuddenTexpensesTfollowingTtheTdeathTofTtheTinsure
d,TsuchTasTtravelTexpensesT&TlodgingTforTfamilyTmembersTcomingTfromTaTdistance


EducationTFundsT-TcorrectTanswer-
insuranceTproceedsTmayTbeTusedTtoTpayTforTchildren'sTeducationTexpensesTsoTtheyTcanTremainTinTschoolTor
TsometimesTaTsurvivingTspouseTwhoThasTworkedTinTtheThomeTcaringTforTchildrenTwillTneedTtoTreceiveTeduc

ationTorTtrainingTinTorderTtoTreenterTtheTjobTmarket


RetirementTFundT-TcorrectTanswer-insuranceTproceedsTmayTbeTusedTasTaTsourceTofTretirementTincome


BequestsT-TcorrectTanswer-
AnTinsuredTmayTwishTtoTleaveTfundsTtoTtheirTchurch,Tschool,TorTotherTorganizationTatTtheTtimeTofTtheirTdeat
h


LifeTinsuranceTcreatesTanTimmediateTestateT-TcorrectTanswer-
whenTanTinsuredTpurchasesTaTlifeTinsuranceTpolicy,The/sheTwillThaveTanTestateTofTatTleastTthatTamountTtheT
momentTtheTfirstTpremiumTisTpaid;TthereTisTnoTotherTlegalTmethodTbyTwhichTanTimmediateTestateTcanTbeTcr
eatedTatTsuchTaTsmallTcost


LiquidityT-TcorrectTanswer-
policy'sTcashTvaluesTcanTbeTborrowedTagainstTatTanyTtieTandTusedTforTimmediateTneeds


WhatTareTtheTtwoTapproachesTtoTdetermineTlifeTinsuranceTamounts?T-TcorrectTanswer-
HumanTlifeTvalueTapproachT&TNeedsTapproach


HumanTLifeTValueTApproachT-TcorrectTanswer-
givesTinsuredTanTestimateTofTwhatTwouldTbeTlostTtoTtheTfamilyTinTtheTeventTofTaTprematureTdeathTofTtheTins
ured;TcalculatesTindividual'sTlifeTbyTlookingTatTtheTinsuredTwages,Tinflation,TtheTnumberTofTyearsTtoTretire
mentTandTtimeTvalueTofTmoney
$9.99
Get access to the full document:
100% satisfaction guarantee
Immediately available after payment
Both online and in PDF
No strings attached
Get to know the seller
Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
AcademicACHIEVER
3.2
(57)

Also available in package deal

Thumbnail
Package deal
TEXAS LIFE AND HEALTH INSURANCE QUESTIONS AND ANSWERS WITH VERIFIED SOLUTIONS UPDATED 2025
-
13 2024
$ 129.87 More info

Get to know the seller

Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
AcademicACHIEVER oxford university
View profile
Follow You need to be logged in order to follow users or courses
Sold
260
Member since
1 year
Number of followers
15
Documents
8643
Last sold
1 day ago
A+ Academic achiever

On this page, you find all documents, package deals, and flashcards offered by seller Academic achiever

3.2

57 reviews

5
20
4
7
3
11
2
3
1
16

Recently viewed by you

Thumbnail
Exam (elaborations)
HEALTH INSURANCE EXAMFX 2025 LATEST UPDATE EXPERT VERIFIED QUESTIONS AND ANSWERS REAL EXAM
-
2024
$ 9.99 More info

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Frequently asked questions