Texas Life and Health Insurance Guías de estudio, Notas de estudios & Resúmenes

Texas Life And Health Insurance Exam Questions With Correct Answers | Latest 2023/2024 (Graded A+). Which of the following actions is NOT possible with a Universal Life policy? - Correct Answer-Premiums may be applied as a credit against income tax Which of the following will a Long Term Care plan typically provide benefits for? - Correct Answer-home health care Which health policy clause stipulates that an insurance company must attach a copy of the application to the policy to ensure that...

Texas Life Insurance Exam | Questions & Answers Already Passed| Updated 2024 P completes an application for a $10,000 life policy, but does not give the producer the initial premium. P's coverage becomes effective when - Answer P receives the policy and pays the premium A potential client, age 40, would 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 carrer? - A...

Life Insurance and Health Insurance Exam Questions and Answers 100% Pass Section 529 Plans - Answer- - state provided - can be funded by after tax dollars - can pay prepaid tuition - All earnings exempt from federal taxes - If withdrawn for unqualified withdrawl, 10% penalty Roth IRA - Answer- private retirement plan that taxes income before it is saved, but which does not tax interest on that income when funds are used upon retirement Distributions don't have to start before 70.5 401...

Texas State Exam Simulator - Life and Health Insurance (200 Questions Practice Exam) Questions and Answers 100% Pass 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 - Answer- An installment Refund annui...

Texas Life and Health Insurance Exam Questions and Answers 100% Pass At what point must a life insurance applicant be informed of their rights that fall under the Fair Credit Reporting Act? - Answer- Upon completion of the application Who elects the governing body of a mutual insurance company? - Answer- policyholders An insurance applicant MUST be informed of an investigation regarding his/her reputation and character according to the - Answer- Fair Credit Reporting Act What type of rei...

FINAL EXAM REVIEW - Texas life and health Questions and Answers 100% Pass If, at the time of an insured's death, the insurance company discovers that the insured's age was misstated on the application for life insurance, the company will most likely - Answer- pay the policy proceeds in the amount the premiums would have purchased at the insured's actual age The provision in a health insurance policy that suspends premiums being paid to the insurer while the insured is disabled is calle...

Life & Health Insurance Exam Prep Questions and Answers 100% Pass Basic Medical Expense policies - Answer- Provide coverage for Hospital, Surgical and Physicians Medical Expense. -Purchased as a individual or group policy. -provide first dollar coverage (no deductibles). -limited benefit periods and low coverage limits. Major Medical Expense Policy - Answer- -A supplement (in addition) to Basic Medical or as a stand-alone policy. -individual or group policy. -Take over when the Basic P...

Texas Life and Health Insurance Exam-with 100% verified solutions-

TEXAS LIFE AND HEALTH INSURANCE EXAM 2024| ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS| GRADED A+

2024 Texas Life and Health Insurance Exam Fx with Correct Solutions In coinsurance, the larger the percentage that is paid by the insured... - Answer -the lower the required premium will be. What entity can legally bind coverage? - Answer -Insurer The provision which states that both the policy and a copy of the application form the contract between the policyowner and the insurer is called the - Answer -Entire contract In an individual LTC insurance plan, the insured is able to deduct th...

Texas Life and Health Insurance Exam Fx 2024 with Verified Solutions What is the purpose of the buyer's guide? A.To Allow the consumer to compare the costs of different policies B. To provide the name and address of the agent. C. to list all policy riders. D. To provide information about the policy. - Answer -A.To Allow the consumer to compare the costs of different policies Which of the following best describes the concept that the insured pays a small amount of premium for a large am...