TEXAS LIFE AND HEALTH COMPREHENSIVE EXAMS
2025/2026 QUESTIONS AND SOLUTIONS GRADED A+
✔✔F needs life insurance that provides coverage for only a limited amount of time with
a death benefit that changes regularly according to a schedule. What kind of policy is
needed? - ✔✔Decreasing term policy
✔✔G purchased a Family Income policy at age 40, The policy has a 20-year rider
period. If G were to die at age 50, how long would G's family receive an income? -
✔✔10 years
✔✔The most important factor to consider when determining whether to convert term
insurance at the insured's attained age or the insured's original age is - ✔✔the cost
✔✔When an insurer issues a policy that refuses to cover certain risks, this is referred to
as a(n) - ✔✔exclusions
✔✔Which statement regarding the Misstatement of Age provision is considered to be
true?
-Coverage will be adjusted to reflect the insured's true age if a misstatement of age is
discovered
-Requires that a new policy must be applied for if a misstatement of age is found on the
current policy
-Misstatement of Age provision is valid only during the contestable period
-Insurer may void the policy if a misstatement of age is discovered - ✔✔Coverage will
be adjusted to reflect the insured's true age if a misstatement of age is discovered
✔✔J let her life insurance policy lapse 8 months ago due to nonpayment. She can
reestablish coverage under which of the following provisions? - ✔✔Reinstatement
provision
✔✔T took out a $50,000 life insurance policy with an Accidental Death and
Dismemberment rider. Five years later, T commits suicide. How much will the insurer
pay? - ✔✔50,000
✔✔D was actively serving in the Marines when he was killed in an automobile accident
while on leave. His $100,000 Whole life policy contains a War Exclusion clause. How
much will D's beneficiary's receive? - ✔✔$100,000
✔✔Which of these statements about a Guaranteed Insurability Option rider is NOT
TRUE?
-Coverage can be added at specific events such as marriage or having a child
-Evidence of insurability is not required when the option is exercised
-Evidence of insurability is required when the option is exercised
, -Coverage can be added at specific ages - ✔✔Evidence of insurability is required when
the option is exercised
✔✔An insured is past due on his life insurance premium, but is still within the Grace
Period. What will the beneficiary receive if the insured dies during this Grace Period? -
✔✔Full face amount minus any past due premiums
✔✔Which of these are NOT an example of a Nonforfeiture option?
-Extended Term
-Reduced Paid-up
-Cash Surrender
-Life Income - ✔✔life income
✔✔When can a policyowner change a revocable beneficiary? - ✔✔anytime
✔✔K has a life insurance policy where her husband is beneficiary and her daughter is
contingent beneficiary. Under the Common Disaster clause, if K and her husband are
both killed in an automobile accident, where would the death proceeds be directed? -
✔✔daughter
✔✔M purchased an Accidental Death and Dismemberment (AD&D) policy and named
his son as beneficiary. M has the right to change the beneficiary designation at anytime.
What type of beneficiary is his son? - ✔✔revocable
✔✔K is the insured and P is the sole beneficiary on a life insurance policy. Both are
involved in a fatal accident where K dies before P. Under the Common Disaster
provision, where will the money go? - ✔✔To P's estate
✔✔A policyowner's rights are limited under which beneficiary designation? -
✔✔Irrevocable
✔✔A level premium indicates - ✔✔the premium is fixed for the entire duration of the
contract
✔✔On a life insurance policy, who is qualified to change the beneficiary designation? -
✔✔Policyowner
✔✔J chooses a monthly premium payment mode on his Whole Life insurance policy.
Which of these statements is correct?
-The gross premium is higher on a monthly payment mode as compared to being paid
annually
-The gross premium is lower on a monthly payment mode as compared to being paid
annually
2025/2026 QUESTIONS AND SOLUTIONS GRADED A+
✔✔F needs life insurance that provides coverage for only a limited amount of time with
a death benefit that changes regularly according to a schedule. What kind of policy is
needed? - ✔✔Decreasing term policy
✔✔G purchased a Family Income policy at age 40, The policy has a 20-year rider
period. If G were to die at age 50, how long would G's family receive an income? -
✔✔10 years
✔✔The most important factor to consider when determining whether to convert term
insurance at the insured's attained age or the insured's original age is - ✔✔the cost
✔✔When an insurer issues a policy that refuses to cover certain risks, this is referred to
as a(n) - ✔✔exclusions
✔✔Which statement regarding the Misstatement of Age provision is considered to be
true?
-Coverage will be adjusted to reflect the insured's true age if a misstatement of age is
discovered
-Requires that a new policy must be applied for if a misstatement of age is found on the
current policy
-Misstatement of Age provision is valid only during the contestable period
-Insurer may void the policy if a misstatement of age is discovered - ✔✔Coverage will
be adjusted to reflect the insured's true age if a misstatement of age is discovered
✔✔J let her life insurance policy lapse 8 months ago due to nonpayment. She can
reestablish coverage under which of the following provisions? - ✔✔Reinstatement
provision
✔✔T took out a $50,000 life insurance policy with an Accidental Death and
Dismemberment rider. Five years later, T commits suicide. How much will the insurer
pay? - ✔✔50,000
✔✔D was actively serving in the Marines when he was killed in an automobile accident
while on leave. His $100,000 Whole life policy contains a War Exclusion clause. How
much will D's beneficiary's receive? - ✔✔$100,000
✔✔Which of these statements about a Guaranteed Insurability Option rider is NOT
TRUE?
-Coverage can be added at specific events such as marriage or having a child
-Evidence of insurability is not required when the option is exercised
-Evidence of insurability is required when the option is exercised
, -Coverage can be added at specific ages - ✔✔Evidence of insurability is required when
the option is exercised
✔✔An insured is past due on his life insurance premium, but is still within the Grace
Period. What will the beneficiary receive if the insured dies during this Grace Period? -
✔✔Full face amount minus any past due premiums
✔✔Which of these are NOT an example of a Nonforfeiture option?
-Extended Term
-Reduced Paid-up
-Cash Surrender
-Life Income - ✔✔life income
✔✔When can a policyowner change a revocable beneficiary? - ✔✔anytime
✔✔K has a life insurance policy where her husband is beneficiary and her daughter is
contingent beneficiary. Under the Common Disaster clause, if K and her husband are
both killed in an automobile accident, where would the death proceeds be directed? -
✔✔daughter
✔✔M purchased an Accidental Death and Dismemberment (AD&D) policy and named
his son as beneficiary. M has the right to change the beneficiary designation at anytime.
What type of beneficiary is his son? - ✔✔revocable
✔✔K is the insured and P is the sole beneficiary on a life insurance policy. Both are
involved in a fatal accident where K dies before P. Under the Common Disaster
provision, where will the money go? - ✔✔To P's estate
✔✔A policyowner's rights are limited under which beneficiary designation? -
✔✔Irrevocable
✔✔A level premium indicates - ✔✔the premium is fixed for the entire duration of the
contract
✔✔On a life insurance policy, who is qualified to change the beneficiary designation? -
✔✔Policyowner
✔✔J chooses a monthly premium payment mode on his Whole Life insurance policy.
Which of these statements is correct?
-The gross premium is higher on a monthly payment mode as compared to being paid
annually
-The gross premium is lower on a monthly payment mode as compared to being paid
annually
