TEXAS INSURANCE LICENSE EXAM 2024
COMPLETE 500 QUESTIONS WITH 100%
DETAILED VERIFIED AND CORRECT
ANSWERS ACTUAL BRAND-NEW EXAM
ALREADY GRADED A+
J is issued a Life Insurance policy with a death benefit
of $100,000. She pays $600 per year in premium for the
first 5 years. The premium then increases to $900 per
year in the sixth year, and remains level thereafter. The
policy's death benefit also remains at $100,000. Which
type of Life
Insurance policy is this? - ....ANSWER...Modified
Premium Life
varable Whole Life Insurance can be described as. -
....ANSWER...both an insurance and securities product
This type of deductible provision waives the deductible
for all family members after some of them have
satisfied individual deductibles within the same year. -
....ANSWER...Family maximum deductible
How long does an insurance company appointment
1
,remain in force? - ....ANSWER...Until terminated
___ of continuing education must be completed in the
classroom or classroom equivalent -
....ANSWER...50%
A 15-year mortgage is best protected by what kind of
life policy? - ....ANSWER...15-year decreasing term
A pilot applies for Life insurance. The insurer approves
the application with a $10 additional monthly premium
modification due to the risk involved. The pilot declines
the additional premium modification.
The insurer will then likely issue the coverage with a(n)
- ....ANSWER...Aviation exclusion
If an insured's age was misstated on a life insurance
contract, the Misstatement of Age provision requires that
any death benefit payable would be -
....ANSWER...an amount that the premiums paid
would have purchased at the current age
2
,A Nonforfeiture clause gives the policyowner -
....ANSWER...guaranteed values even if the policy has
lapsed
One becomes eligible for Social Security disability
benefits after having been disabled for: -
....ANSWER...5 months
Insurance policies are considered aleatory contracts
because - ....ANSWER...performance is conditioned upon
a future occurrence
What type of rider would be added to an Accident and
Health policy if the policyowner wants to ensure the
policy will continue it he/she ever becomes totally
disabled? - ....ANSWER...Waiver of Premium rider
A new general property and casualty licensing must
complete at least __ hours of continuing education
with 24 months of initial licensure. - ....ANSWER...24
A non-forfeiture clause gives the policy owner -
....ANSWER...guaranteed values even if the policy has
lapsed
3
, A pilot applies for Life insurance. The insurer approves
the application with a $10 additional monthly premium
modification due to the risk involved. The pilot declines
the additional premium modification. The insurer will
then likely issue the coverage with a(n) -
....ANSWER...Aviation exclusion
A primary beneficiary has died before the insured in a
life insurance policy. A contingent beneficiary is also
named in the policy. Which of the following will occur
when the insured dies? -
....ANSWER...Proceeds will go to the contingent
beneficiary
A promotional advertising item is not considered a
rebate unless it has a value equal to or less than what
amount? - ....ANSWER...$25
4
COMPLETE 500 QUESTIONS WITH 100%
DETAILED VERIFIED AND CORRECT
ANSWERS ACTUAL BRAND-NEW EXAM
ALREADY GRADED A+
J is issued a Life Insurance policy with a death benefit
of $100,000. She pays $600 per year in premium for the
first 5 years. The premium then increases to $900 per
year in the sixth year, and remains level thereafter. The
policy's death benefit also remains at $100,000. Which
type of Life
Insurance policy is this? - ....ANSWER...Modified
Premium Life
varable Whole Life Insurance can be described as. -
....ANSWER...both an insurance and securities product
This type of deductible provision waives the deductible
for all family members after some of them have
satisfied individual deductibles within the same year. -
....ANSWER...Family maximum deductible
How long does an insurance company appointment
1
,remain in force? - ....ANSWER...Until terminated
___ of continuing education must be completed in the
classroom or classroom equivalent -
....ANSWER...50%
A 15-year mortgage is best protected by what kind of
life policy? - ....ANSWER...15-year decreasing term
A pilot applies for Life insurance. The insurer approves
the application with a $10 additional monthly premium
modification due to the risk involved. The pilot declines
the additional premium modification.
The insurer will then likely issue the coverage with a(n)
- ....ANSWER...Aviation exclusion
If an insured's age was misstated on a life insurance
contract, the Misstatement of Age provision requires that
any death benefit payable would be -
....ANSWER...an amount that the premiums paid
would have purchased at the current age
2
,A Nonforfeiture clause gives the policyowner -
....ANSWER...guaranteed values even if the policy has
lapsed
One becomes eligible for Social Security disability
benefits after having been disabled for: -
....ANSWER...5 months
Insurance policies are considered aleatory contracts
because - ....ANSWER...performance is conditioned upon
a future occurrence
What type of rider would be added to an Accident and
Health policy if the policyowner wants to ensure the
policy will continue it he/she ever becomes totally
disabled? - ....ANSWER...Waiver of Premium rider
A new general property and casualty licensing must
complete at least __ hours of continuing education
with 24 months of initial licensure. - ....ANSWER...24
A non-forfeiture clause gives the policy owner -
....ANSWER...guaranteed values even if the policy has
lapsed
3
, A pilot applies for Life insurance. The insurer approves
the application with a $10 additional monthly premium
modification due to the risk involved. The pilot declines
the additional premium modification. The insurer will
then likely issue the coverage with a(n) -
....ANSWER...Aviation exclusion
A primary beneficiary has died before the insured in a
life insurance policy. A contingent beneficiary is also
named in the policy. Which of the following will occur
when the insured dies? -
....ANSWER...Proceeds will go to the contingent
beneficiary
A promotional advertising item is not considered a
rebate unless it has a value equal to or less than what
amount? - ....ANSWER...$25
4
