Exam (elaborations)

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

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

Institution

TEXAS HEALTH AND LIFE INSURANCE

Course

TEXAS HEALTH AND LIFE INSURANCE

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

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Uploaded on: December 10, 2024
Number of pages: 7
Written in: 2024/2025
Type: Exam (elaborations)
Contains: Questions & answers

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examfx life insurance final exam 2025 latest updat

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

ARbuyer'sRguideR-RcorrectRanswer-TheRentireRcontractRincludesRallRofRtheRfollowingREXCEPT...

TheRdeathRbenefitRisRnotRincreasedR-RcorrectRanswer-
AllRofRtheRfollowingRstatementsRaboutRindexedRwholeRlifeRinsuranceREXCEPT...

ARWarrantyR-RcorrectRanswer-
WhatRguaranteesRthatRtheRinformationRexplainedRinRtheRinsuranceRcontractRisRtrue?

(1)RtheRpolicy,R(2)RaRcopyRofRtheRapplication,RandR(3)RanyRridersRorRamendments.R-RcorrectRanswer-
TheRentireRcontractRincludes:

guaranteedR-RcorrectRanswer-
UnderRanRindexedRwholeRlifeRpolicy,RtheRpremiumRisRfixed,RbutRtheRdeathRbenefitRis...

WarrantiesR-RcorrectRanswer-...RareRconsideredRstatementsRofRfactRorRsomethingRguaranteedRtoRbeRtrue.

voidingR-RcorrectRanswer-
ARbreachRofRwarrantyRcanRbeRconsideredRgroundsRforR________________RtheRpolicy.

WholeRlifeR-RcorrectRanswer-ARgradedRpremiumRlifeRinsuranceRpolicyRisRaRmodifiedRformRof...

GradedRPremiumR-RcorrectRanswer-
...RaRwholeRlifeRpolicyRwithRpremiumsRthatRincreaseRannuallyRoverRtheRfirstR5RtoR10Ryears.

GraceRperiodR-RcorrectRanswer-
AnRinsuredRboughtRanRinsuranceRpolicyRthatRrequiresRhimRtoRpayR$150RinRpremiumsRonRtheR15thRofReachR
month.RHeRthenRtakesRanRextendedRvacationRandRforgetsRtoRpayRtheRpremium.RTenRdaysRlater,RhisRpolicyRis
RstillRinReffectRandRhasRnotRlapsed.RWhatRpolicyRprovisionRallowedRforRthis?

, premiumR-RcorrectRanswer-
GraceRperiodRisRaRmandatoryRprovisionRfoundRinRallRlifeRinsuranceRpoliciesRthatRprovidesRcoverageRforRaRp
eriodRofRtimeRafterRtheR_____________________RbecomesRpastRdue.

TheRAnnuitantR-RcorrectRanswer-
WhichRofRtheRfollowingRindicatesRtheRpersonRuponRwhoseRlifeRtheRannuityRincomeRamountRisRdetermined?

annuityRincomeR-RcorrectRanswer-
TheRannuitantRisRtheRpersonRwhoseRlifeRtheR______________R__________________RamountRisRdetermine
d.

TheRpremiumRisRbasedRonRtheRageRofReachRinsuredR-RcorrectRanswer-TrueRofRSurvivorshipRLifeRpolicy

TheRfaceRamountRisRpaidRtoRtheRinsured.R-RcorrectRanswer-
WhatRhappensRtoRtheRfaceRamountRofRaRwholeRlifeRpolicyRifRtheRinsuredRreachesRtheRageRofR100?

ARpolicyRisRreissuedRwithRaRreductionRinRcashRvalueR-RcorrectRanswer-
AccordingRtoRtheRlifeRinsuranceRreplaceRmeantRregulations,RwhichRofRtheRfollowingRwouldRbeRanRexampleR
ofRpolicyRreplacement?

TheRCommissionerRmayRholdRhearingsRimmediatelyRafterRdeterminingRthatRaRviolationRhasRoccurred.R-
RcorrectRanswer-

trueRregardingRtheRinsuranceRcommissioner'sRpowersRrelatedRtoRhearingsRandRinvestigations

ApplicantsRwhoRmayRrequireRaRlargerRdeathRbenefitRinRtheRfutureRshouldRbuyRconvertibleRtermRinsuranceR-
RcorrectRanswer-IncorrectRregardingRtheRtypeRofRtermRinsuranceRthatRfitsRbestRwithRtheRapplicant'sRneeds

jointRlifeR-RcorrectRanswer-
WhatRisRtheRmostRcommonRnameRforRaRsingleRpolicyRthatRisRdesignedRtoRinsureRtwoRorRmoreRlivesRwithRaRs
tandardRpremium,RandRthatRpaysRtheRdeathRbenefitRuponRtheRfirstRdeath?

AnRaccidentalRdeathRriderR-RcorrectRanswer-
WhichRofRtheRfollowingRridersRpaysRaRbeneficiaryRaRdeathRbenefitRthatRisRdoubleRorRtripleRtheRfaceRamountR
ifRtheRinsured'sRdeathRwasRcausedRbyRanRaccidentRasRdefinedRinRtheRpolicy?

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