Texas Life and Health Exam 2025/2026
Exam Questions and Verified Answers |
Already Graded A+
Which of the following statements about Equity Indexed Life Insurance is
INCORRECT? - 🧠 ANSWER ✔✔If the actual investment differs from what
was expected, the premiums will be either lowered or raised
All of the following groups of people are eligible for Medicare EXCEPT - 🧠
ANSWER ✔✔full-time college students
Under an Accidental Death and Dismemberment policy, the contingent
beneficiary will receive - 🧠 ANSWER ✔✔the policy proceeds if the primary
beneficiary dies before the insured's death
A beneficiary who must consent to a change in the beneficiary designation
in a life insurance policy is referred to as - 🧠 ANSWER ✔✔an irrevocable
beneficiary
,The Old Age and Survivors Disability Health Insurance (OASDHI) system is
COMMONLY referred to as - 🧠 ANSWER ✔✔Social Security
The policy provision that prevents an insurance company from altering its
agreement with a policyowner by referring to documents or other items not
contained in the policy is called the - 🧠 ANSWER ✔✔Entire Contract
provision
Which of the following provisions states to whom claims will be paid? - 🧠
ANSWER ✔✔Payment of Claims
Which of the following clauses of an insurance contract states that a
specified amount of money will be paid to a designated person on the
death of an insured? - 🧠 ANSWER ✔✔Insuring Agreement
Which of the following statements is CORRECT about third-party
ownership of a life insurance policy? - 🧠 ANSWER ✔✔It is widely used in
business insurance and estate-planning situations
A policy that is overfunded, according to IRS tables, is classified as which
of the following types of policies? - 🧠 ANSWER ✔✔Modified Endowment
Contract
, Which of the following policy provisions gives an insurance company the
right to set requirements that an insured must meet while a claim is
pending? - 🧠 ANSWER ✔✔Time Limit on Certain Defenses
In a life insurance policy, the Consideration clause states that the
policyowner's consideration consists of completing the application and - 🧠
ANSWER ✔✔paying the initial premium
The Time Payment of Claims provision requires that an insurance company
pay Disability Income benefits no less frequently than - 🧠 ANSWER
✔✔monthly
A producer takes an application for individual insurance and accepts a
check from the client. The producer mails the check and application to the
insurance company. A member of the company's underwriting department
notices that the application is signed but the check is not. In this situation, if
the applicant is approved by the insurance company, coverage will be
effective as of which of the following dates? - 🧠 ANSWER ✔✔The date the
producer delivered the policy collected the initial premium and obtained a
statement indicating that there is no change in the insured's health
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
Exam Questions and Verified Answers |
Already Graded A+
Which of the following statements about Equity Indexed Life Insurance is
INCORRECT? - 🧠 ANSWER ✔✔If the actual investment differs from what
was expected, the premiums will be either lowered or raised
All of the following groups of people are eligible for Medicare EXCEPT - 🧠
ANSWER ✔✔full-time college students
Under an Accidental Death and Dismemberment policy, the contingent
beneficiary will receive - 🧠 ANSWER ✔✔the policy proceeds if the primary
beneficiary dies before the insured's death
A beneficiary who must consent to a change in the beneficiary designation
in a life insurance policy is referred to as - 🧠 ANSWER ✔✔an irrevocable
beneficiary
,The Old Age and Survivors Disability Health Insurance (OASDHI) system is
COMMONLY referred to as - 🧠 ANSWER ✔✔Social Security
The policy provision that prevents an insurance company from altering its
agreement with a policyowner by referring to documents or other items not
contained in the policy is called the - 🧠 ANSWER ✔✔Entire Contract
provision
Which of the following provisions states to whom claims will be paid? - 🧠
ANSWER ✔✔Payment of Claims
Which of the following clauses of an insurance contract states that a
specified amount of money will be paid to a designated person on the
death of an insured? - 🧠 ANSWER ✔✔Insuring Agreement
Which of the following statements is CORRECT about third-party
ownership of a life insurance policy? - 🧠 ANSWER ✔✔It is widely used in
business insurance and estate-planning situations
A policy that is overfunded, according to IRS tables, is classified as which
of the following types of policies? - 🧠 ANSWER ✔✔Modified Endowment
Contract
, Which of the following policy provisions gives an insurance company the
right to set requirements that an insured must meet while a claim is
pending? - 🧠 ANSWER ✔✔Time Limit on Certain Defenses
In a life insurance policy, the Consideration clause states that the
policyowner's consideration consists of completing the application and - 🧠
ANSWER ✔✔paying the initial premium
The Time Payment of Claims provision requires that an insurance company
pay Disability Income benefits no less frequently than - 🧠 ANSWER
✔✔monthly
A producer takes an application for individual insurance and accepts a
check from the client. The producer mails the check and application to the
insurance company. A member of the company's underwriting department
notices that the application is signed but the check is not. In this situation, if
the applicant is approved by the insurance company, coverage will be
effective as of which of the following dates? - 🧠 ANSWER ✔✔The date the
producer delivered the policy collected the initial premium and obtained a
statement indicating that there is no change in the insured's health
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
