Texas State Exam Simulator - Life and Health
Insurance (200 Questions Practice Exam)
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An annuity promises that, if the An installment Refund annuity
annuitant dies before receiving
payments equal to the correct
value, the payments will be
continued to a beneficiary until
an amount equal to the contract
value has been paid. This type of
annuity is called
An installment Refund annuity
A Straight Life annuity
A Cash Refund annuity
A Joint Life annuity
One becomes eligible for Social 5 months
Security disability benefits after
having been disabled for
3 months
5 months
6 months
12 months
,A potential client, age 40, would 20-Pay Life accumulates cash value faster than Straight Life
like to purchase a Whole Life
policy that will accumulate cash
value at a faster rate in the early
years of the policy. Which of
these statements made by the
producer would be correct?
Straight life accumulates faster
than Limited-pay Life
20-Pay Life accumulates cash
value faster than Straight Life
Cash value accumulation of
both 20-Pay Life and Straight
Life depend on the insurer's
financial rating
20-Pay Life and Straight Life
accumulate cash value at the
same rate
Who makes the legally Insurance company
enforceable promises in a
unilateral insurance policy?
Beneficiary
Insurance company
Insured
Applicant
The Consideration clause in a the initial premium
life insurance policy indicates
that a policyowner's
consideration consists of a
completed application and
the initial premium
agreeing to a physical
examination
delivery of policy
disclosure of any medical
conditions
Which parts of a life insurance Warranty
policy are guaranteed to be
true?
Rating
Representation
Statement
Warranty
, A comprehensive major medical experimental and investigative services
health insurance policy contains
an Eligible Expenses provision
which identifies the types of
health care services that are
covered. All of the following
health care services are typically
covered EXCEPT for
hospital charges
physician fees
experimental and investigative
services
nursing services
If a retiree on Medicare required Medicare Supplement
five hospital stays in one year,
which policy would provide the
best insurance for excess
hospital expenses?
Long-term care
Indemnity
Medicare Supplement
Medicaid
S, while in the process of Full benefits are payable under the Master contract
converting her group life
insurance to an individual policy,
dies. What happens to the claim
her beneficiary submits?
No benefits are payable under
the Master contract
Full benefits are payable under
the Master contract
Full benefits are payable under
the converted policy
Benefits less required premium
are payable under the
converted policy
All of the following are limited life insurance policies
benefit plans EXCEPT
cancer policies
life insurance policies
dental policies
critical illness policies
Insurance (200 Questions Practice Exam)
Save
Students also studied
NCLEX Practice Exam Prep U NBCE Part 2 example questions NREMT Practice Exa
200 terms Teacher 485 terms Teacher 59 terms
Belac_Carpsey Preview Georgebabu Preview Evelyn_Mbugua
An annuity promises that, if the An installment Refund annuity
annuitant dies before receiving
payments equal to the correct
value, the payments will be
continued to a beneficiary until
an amount equal to the contract
value has been paid. This type of
annuity is called
An installment Refund annuity
A Straight Life annuity
A Cash Refund annuity
A Joint Life annuity
One becomes eligible for Social 5 months
Security disability benefits after
having been disabled for
3 months
5 months
6 months
12 months
,A potential client, age 40, would 20-Pay Life accumulates cash value faster than Straight Life
like to purchase a Whole Life
policy that will accumulate cash
value at a faster rate in the early
years of the policy. Which of
these statements made by the
producer would be correct?
Straight life accumulates faster
than Limited-pay Life
20-Pay Life accumulates cash
value faster than Straight Life
Cash value accumulation of
both 20-Pay Life and Straight
Life depend on the insurer's
financial rating
20-Pay Life and Straight Life
accumulate cash value at the
same rate
Who makes the legally Insurance company
enforceable promises in a
unilateral insurance policy?
Beneficiary
Insurance company
Insured
Applicant
The Consideration clause in a the initial premium
life insurance policy indicates
that a policyowner's
consideration consists of a
completed application and
the initial premium
agreeing to a physical
examination
delivery of policy
disclosure of any medical
conditions
Which parts of a life insurance Warranty
policy are guaranteed to be
true?
Rating
Representation
Statement
Warranty
, A comprehensive major medical experimental and investigative services
health insurance policy contains
an Eligible Expenses provision
which identifies the types of
health care services that are
covered. All of the following
health care services are typically
covered EXCEPT for
hospital charges
physician fees
experimental and investigative
services
nursing services
If a retiree on Medicare required Medicare Supplement
five hospital stays in one year,
which policy would provide the
best insurance for excess
hospital expenses?
Long-term care
Indemnity
Medicare Supplement
Medicaid
S, while in the process of Full benefits are payable under the Master contract
converting her group life
insurance to an individual policy,
dies. What happens to the claim
her beneficiary submits?
No benefits are payable under
the Master contract
Full benefits are payable under
the Master contract
Full benefits are payable under
the converted policy
Benefits less required premium
are payable under the
converted policy
All of the following are limited life insurance policies
benefit plans EXCEPT
cancer policies
life insurance policies
dental policies
critical illness policies
