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INSURANCE LICENSE PRACTICE XCEL SOLUTIONS FINAL EXAM #12
- TEXAS LIFE ONLY LATEST 2025/2026 ACTUAL EXAM WITH
COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (100%
VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR
VERIFIED|| ||BRANDNEW!!!||
Question 1
Which settlement option pays a stated amount to an annuitant,
but no residual value to a beneficiary? - ANSWER-Life income
Question 2
A new agent must complete at least _____ hours of continuing
education within 24 months of initial license? - ANSWER-24 hours
Question 3
L takes out a life insurance policy and dies 10 years later. During
the claim process, the insurer discovers that L has understated
range on the application. Under the misstatement of age provision
the insurer will? - ANSWER-Adjust the death benefits to a
reduced amount
Question 4
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An example of false advertising would be? - ANSWER-And
insurer exaggerating in dividends in a magazine advertisement
Question 5
With whom an agent legally share commissions? - ANSWER-
Another agent with the same line of insurance
Question 6
Insurance agent as a fiduciary responsibility to all of the following
EXCEPT? - ANSWER-Other agents
Question 7
Which of these is not an example of doing insurance business? -
ANSWER-Selling shares of stock
Question 8
taking receipt of premiums and holding them for the insurance
company is an example of? - ANSWER-Fiduciary responsibility
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Question 9
How does an indexed annuity differ from a fixed annuity? -
ANSWER-Indexed annuity owners receive crediting interest time
to the fluctuation of the linked index
Question 10
which of the following policies combines investment choices with
a form of Term coverage? - ANSWER-Variable universal life
Question 11
How long does an insurance company appointment remain in
force? - ANSWER-Until terminated
Question 12
in Texas an individual life insurance policy is REQUIRED to have
a grace period of? - ANSWER-31 days
Question 13
Which statement is TRUE regarding a variable whole life policy? -
ANSWER-A minimum guaranteed death benefit is provided
INSURANCE LICENSE PRACTICE XCEL SOLUTIONS FINAL EXAM #12
- TEXAS LIFE ONLY LATEST 2025/2026 ACTUAL EXAM WITH
COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (100%
VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR
VERIFIED|| ||BRANDNEW!!!||
Question 1
Which settlement option pays a stated amount to an annuitant,
but no residual value to a beneficiary? - ANSWER-Life income
Question 2
A new agent must complete at least _____ hours of continuing
education within 24 months of initial license? - ANSWER-24 hours
Question 3
L takes out a life insurance policy and dies 10 years later. During
the claim process, the insurer discovers that L has understated
range on the application. Under the misstatement of age provision
the insurer will? - ANSWER-Adjust the death benefits to a
reduced amount
Question 4
,2|Page
An example of false advertising would be? - ANSWER-And
insurer exaggerating in dividends in a magazine advertisement
Question 5
With whom an agent legally share commissions? - ANSWER-
Another agent with the same line of insurance
Question 6
Insurance agent as a fiduciary responsibility to all of the following
EXCEPT? - ANSWER-Other agents
Question 7
Which of these is not an example of doing insurance business? -
ANSWER-Selling shares of stock
Question 8
taking receipt of premiums and holding them for the insurance
company is an example of? - ANSWER-Fiduciary responsibility
, 3|Page
Question 9
How does an indexed annuity differ from a fixed annuity? -
ANSWER-Indexed annuity owners receive crediting interest time
to the fluctuation of the linked index
Question 10
which of the following policies combines investment choices with
a form of Term coverage? - ANSWER-Variable universal life
Question 11
How long does an insurance company appointment remain in
force? - ANSWER-Until terminated
Question 12
in Texas an individual life insurance policy is REQUIRED to have
a grace period of? - ANSWER-31 days
Question 13
Which statement is TRUE regarding a variable whole life policy? -
ANSWER-A minimum guaranteed death benefit is provided
