Texas State Exam Simulator - Life and
Health Insurance (200 Questions
Practice Exam) Questions 2025
An annuity promises that, if the 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 - CORRECT ANSWERS ✔✔An
installment Refund annuity
One becomes eligible for Social Security disability
benefits after having been disabled for
3 months
5 months
6 months
12 months - CORRECT ANSWERS ✔✔5 months
A potential client, age 40, would like to purchase a Whole
Life policy that will accumulate cash value at a faster rate
,Texas State Exam Simulator - Life and
Health Insurance (200 Questions
Practice Exam) Questions 2025
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 - CORRECT ANSWERS ✔✔20-Pay Life
accumulates cash value faster than Straight Life
Who makes the legally enforceable promises in a
unilateral insurance policy?
Beneficiary
Insurance company
Insured
Applicant - CORRECT ANSWERS ✔✔Insurance
company
,Texas State Exam Simulator - Life and
Health Insurance (200 Questions
Practice Exam) Questions 2025
The Consideration clause in a 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 - CORRECT
ANSWERS ✔✔the initial premium
Which parts of a life insurance policy are guaranteed to
be true?
Rating
Representation
Statement
Warranty - CORRECT ANSWERS ✔✔Warranty
A comprehensive major medical health insurance policy
contains an Eligible Expenses provision which identifies
the types of health care services that are covered. All of
, Texas State Exam Simulator - Life and
Health Insurance (200 Questions
Practice Exam) Questions 2025
the following health care services are typically covered
EXCEPT for
hospital charges
physician fees
experimental and investigative services
nursing services - CORRECT ANSWERS
✔✔experimental and investigative services
If a retiree on Medicare required five hospital stays in one
year, which policy would provide the best insurance for
excess hospital expenses?
Long-term care
Indemnity
Medicare Supplement
Medicaid - CORRECT ANSWERS ✔✔Medicare
Supplement
S, while in the process of converting her group life
insurance to an individual policy, dies. What happens to
the claim her beneficiary submits?
Health Insurance (200 Questions
Practice Exam) Questions 2025
An annuity promises that, if the 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 - CORRECT ANSWERS ✔✔An
installment Refund annuity
One becomes eligible for Social Security disability
benefits after having been disabled for
3 months
5 months
6 months
12 months - CORRECT ANSWERS ✔✔5 months
A potential client, age 40, would like to purchase a Whole
Life policy that will accumulate cash value at a faster rate
,Texas State Exam Simulator - Life and
Health Insurance (200 Questions
Practice Exam) Questions 2025
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 - CORRECT ANSWERS ✔✔20-Pay Life
accumulates cash value faster than Straight Life
Who makes the legally enforceable promises in a
unilateral insurance policy?
Beneficiary
Insurance company
Insured
Applicant - CORRECT ANSWERS ✔✔Insurance
company
,Texas State Exam Simulator - Life and
Health Insurance (200 Questions
Practice Exam) Questions 2025
The Consideration clause in a 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 - CORRECT
ANSWERS ✔✔the initial premium
Which parts of a life insurance policy are guaranteed to
be true?
Rating
Representation
Statement
Warranty - CORRECT ANSWERS ✔✔Warranty
A comprehensive major medical health insurance policy
contains an Eligible Expenses provision which identifies
the types of health care services that are covered. All of
, Texas State Exam Simulator - Life and
Health Insurance (200 Questions
Practice Exam) Questions 2025
the following health care services are typically covered
EXCEPT for
hospital charges
physician fees
experimental and investigative services
nursing services - CORRECT ANSWERS
✔✔experimental and investigative services
If a retiree on Medicare required five hospital stays in one
year, which policy would provide the best insurance for
excess hospital expenses?
Long-term care
Indemnity
Medicare Supplement
Medicaid - CORRECT ANSWERS ✔✔Medicare
Supplement
S, while in the process of converting her group life
insurance to an individual policy, dies. What happens to
the claim her beneficiary submits?
