TEXAS STATE EXAM SIMULATOR - LIFE AND HEALTH INSURANCE (PRACTICE EXAM) 2025 LATEST UPDATE EXPERT VERIFIED 200+ QUESTIONS AND ANSWERS REAL EXAM

TEXAS STATE EXAM SIMULATOR - LIFE AND
HEALTH INSURANCE (PRACTICE EXAM) 2025
LATEST UPDATE EXPERT VERIFIED 200+ QUESTIONS
AND ANSWERS REAL EXAM

AnRannuityRpromisesRthat,RifRtheRannuitantRdiesRbeforeRreceivingRpaymentsRequalRtoRt
heRcorrectRvalue,RtheRpaymentsRwillRbeRcontinuedRtoRaRbeneficiaryRuntilRanRamountRe
qualRtoRtheRcontractRvalueRhasRbeenRpaid.RThisRtypeRofRannuityRisRcalled


RAnRinstallmentRRefundRannuity
RARStraightRLifeRannuity
RARCashRRefundRannuity
RARJointRLifeRannuityR-RcorrectRanswer-AnRinstallmentRRefundRannuity


OneRbecomesReligibleRforRSocialRSecurityRdisabilityRbenefitsRafterRhavingRbeenRdisable
dRfor


R3Rmonths
R5Rmonths
R6Rmonths
R12RmonthsR-RcorrectRanswer-5Rmonths


ARpotentialRclient,RageR40,RwouldRlikeRtoRpurchaseRaRWholeRLifeRpolicyRthatRwillRac
cumulateRcashRvalueRatRaRfasterRrateRinRtheRearlyRyearsRofRtheRpolicy.RWhichRofRthe
seRstatementsRmadeRbyRtheRproducerRwouldRbeRcorrect?


RStraightRlifeRaccumulatesRfasterRthanRLimited-payRLife
R20-PayRLifeRaccumulatesRcashRvalueRfasterRthanRStraightRLife
RCashRvalueRaccumulationRofRbothR20-
PayRLifeRandRStraightRLifeRdependRonRtheRinsurer'sRfinancialRrating

,R20-PayRLifeRandRStraightRLifeRaccumulateRcashRvalueRatRtheRsameRrateR-
RcorrectRanswer-20-PayRLifeRaccumulatesRcashRvalueRfasterRthanRStraightRLife


WhoRmakesRtheRlegallyRenforceableRpromisesRinRaRunilateralRinsuranceRpolicy?


RBeneficiary
RInsuranceRcompany
RInsured
RApplicantR-RcorrectRanswer-InsuranceRcompany


TheRConsiderationRclauseRinRaRlifeRinsuranceRpolicyRindicatesRthatRaRpolicyowner'sRco
nsiderationRconsistsRofRaRcompletedRapplicationRand


RtheRinitialRpremium
RagreeingRtoRaRphysicalRexamination
RdeliveryRofRpolicy
RdisclosureRofRanyRmedicalRconditionsR-RcorrectRanswer-theRinitialRpremium


WhichRpartsRofRaRlifeRinsuranceRpolicyRareRguaranteedRtoRbeRtrue?


RRating
RRepresentation
RStatement
RWarrantyR-RcorrectRanswer-Warranty


ARcomprehensiveRmajorRmedicalRhealthRinsuranceRpolicyRcontainsRanREligibleRExpenses
RprovisionRwhichRidentifiesRtheRtypesRofRhealthRcareRservicesRthatRareRcovered.RAllRo
fRtheRfollowingRhealthRcareRservicesRareRtypicallyRcoveredREXCEPTRfor


RhospitalRcharges

,RphysicianRfees
RexperimentalRandRinvestigativeRservices
RnursingRservicesR-RcorrectRanswer-experimentalRandRinvestigativeRservices


IfRaRretireeRonRMedicareRrequiredRfiveRhospitalRstaysRinRoneRyear,RwhichRpolicyRwoul
dRprovideRtheRbestRinsuranceRforRexcessRhospitalRexpenses?


RLong-termRcare
RIndemnity
RMedicareRSupplement
RMedicaidR-RcorrectRanswer-MedicareRSupplement


S,RwhileRinRtheRprocessRofRconvertingRherRgroupRlifeRinsuranceRtoRanRindividualRpoli
cy,Rdies.RWhatRhappensRtoRtheRclaimRherRbeneficiaryRsubmits?


RNoRbenefitsRareRpayableRunderRtheRMasterRcontract
RFullRbenefitsRareRpayableRunderRtheRMasterRcontract
RFullRbenefitsRareRpayableRunderRtheRconvertedRpolicy
RBenefitsRlessRrequiredRpremiumRareRpayableRunderRtheRconvertedRpolicyR-
RcorrectRanswer-FullRbenefitsRareRpayableRunderRtheRMasterRcontract


AllRofRtheRfollowingRareRlimitedRbenefitRplansREXCEPTR


RcancerRpolicies
RlifeRinsuranceRpolicies
RdentalRpolicies
RcriticalRillnessRpoliciesR-RcorrectRanswer-lifeRinsuranceRpolicies

, ARphysicianRopensRupRaRnewRpracticeRandRqualifiesRforRaR$7,000/monthRDisabilityRIn
comeRpolicy.RWhatRriderRwouldRtheRphysicianRaddRifRheRwantsRtheRabilityRtoRincrease
RhisRpolicyRbenefitRasRhisRpracticeRandRincomeRgrow?


RExtendedRTermRrider
RCostRofRLivingRAdjustmentRrider
RGuaranteedRInsurabilityROptionRrider
RWaiverRofRPremiumRriderR-RcorrectRanswer-GuaranteedRInsurabilityROptionRrider


AnRagentRwhoseRlicenseRhasRbeenRrevokedRisRrequiredRto


RwaitRatRleastRfiveRyearsRbeforeRapplyingRforRaRnewRlicense
RsubmitRallRpreviouslyRwrittenRpoliciesRtoRtheRCommissionerRofRInsurance'sRofficeRfor
RservicingRofRtheRaccounts
RcancelRallRpoliciesRcurrentlyRinReffectRandRadviseRtheRinsuredsRtoRplaceRthemRelsewh
ere
RcontinueRtoRserviceRtheRexistingRaccountsRbutRnotRsolicitRnewRbusinessR-
RcorrectRanswer-waitRatRleastRfiveRyearsRbeforeRapplyingRforRaRnewRlicense


TheRbenefitsRunderRaRDisabilityRBuy-OutRpolicyRare


RnormallyRpaidRinRinstallments
RtaxableRtoRtheRbeneficiary
RpayableRtoRtheRcompanyRorRanotherRshareholder
RnormallyRpaidRafterRaRshortReliminationRperiodR-RcorrectRanswer-
payableRtoRtheRcompanyRorRanotherRshareholder


heRHealthRInsuranceRPortabilityRandRAccountabilityRActR(HIPAA)RgivesRprivacyRprotect
ionRfor


Rinsolvency