TX PRENEED FUNERAL EVALUATION EXAM 2026
QUESTIONS AND ANSWERS RATED A+
✔✔Hypothetical illustration - ✔✔it is permisible to show a Client an illustration of the
policy results
✔✔misleading title - ✔✔can not be used in an advertisement
✔✔TX DOB - ✔✔Approves prepaid funeral benefits contracts
✔✔Same life expectancy individuals - ✔✔must be charged the same insurance rates
✔✔Rebating - ✔✔giving an individual a premium reduction or some other financial
advantage not stated in the policy as an inducement to purchase the policy. It is illegal.
✔✔whole life insurance - ✔✔Insurance that is kept in force for a person's entire life and
pays a benefit upon the person's death, whenever that may be Up to 100 years
✔✔continuos premium whole life - ✔✔premium payable to age 100
✔✔Reduced Paid-Up Insurance - ✔✔- the policyowner may request the cash value of
the policy to be used to pay for itself.
- It's the same type of insurance as the original policy except all riders, including those
for disability and accidental death
✔✔Reduced Paid-Up - ✔✔policyowner May surrender whole life policy for léase amt of
permanent insurance coverage on which no more premiums are due
✔✔beneficiary - ✔✔one who benefits from a will, trust or insurance policy
✔✔contingent/secondary beneficiary - ✔✔Receives the policy proceeds if the primary
beneficiary is deceased,
✔✔Irrevocable Beneficiary - ✔✔one that cannot be changed without the beneficiary's
consent
✔✔Rider - ✔✔attached or add on
✔✔types of riders - ✔✔-accidental death- auto accident
-waiver of premium- total disability
-suicide clause- in 1st 2 hrs of policy, refund of total premiums pd inm
✔✔Free Look Provision - ✔✔Generally 10 days after policy delivery to cancel policy w/
full refund, except 30 days for seniors or for replacement policies.
QUESTIONS AND ANSWERS RATED A+
✔✔Hypothetical illustration - ✔✔it is permisible to show a Client an illustration of the
policy results
✔✔misleading title - ✔✔can not be used in an advertisement
✔✔TX DOB - ✔✔Approves prepaid funeral benefits contracts
✔✔Same life expectancy individuals - ✔✔must be charged the same insurance rates
✔✔Rebating - ✔✔giving an individual a premium reduction or some other financial
advantage not stated in the policy as an inducement to purchase the policy. It is illegal.
✔✔whole life insurance - ✔✔Insurance that is kept in force for a person's entire life and
pays a benefit upon the person's death, whenever that may be Up to 100 years
✔✔continuos premium whole life - ✔✔premium payable to age 100
✔✔Reduced Paid-Up Insurance - ✔✔- the policyowner may request the cash value of
the policy to be used to pay for itself.
- It's the same type of insurance as the original policy except all riders, including those
for disability and accidental death
✔✔Reduced Paid-Up - ✔✔policyowner May surrender whole life policy for léase amt of
permanent insurance coverage on which no more premiums are due
✔✔beneficiary - ✔✔one who benefits from a will, trust or insurance policy
✔✔contingent/secondary beneficiary - ✔✔Receives the policy proceeds if the primary
beneficiary is deceased,
✔✔Irrevocable Beneficiary - ✔✔one that cannot be changed without the beneficiary's
consent
✔✔Rider - ✔✔attached or add on
✔✔types of riders - ✔✔-accidental death- auto accident
-waiver of premium- total disability
-suicide clause- in 1st 2 hrs of policy, refund of total premiums pd inm
✔✔Free Look Provision - ✔✔Generally 10 days after policy delivery to cancel policy w/
full refund, except 30 days for seniors or for replacement policies.
