Texas Life and Health Insurance Exam 2025/2026 Actual
Complete Real Exam Questions & CorrectAnswers | 100%
Verified solutions | 2025 latest Exam Version!!
A young, married teacher has two children and owns a Whole
Life policy. If the teacher wants an increasing Death Benefit to
protect against inflation, the teacher should select which of the
following Dividend Options? – ANSWER-Paid-Up Additional
Insurance
Which of the following statements is CORRECT about
accumulated interest
earned on dividends from an insurance policy? -
ANSWER-It is taxed as
ordinary
income
When can a policyowner change a revocable beneficiary? -
ANSWER-anytime
K has a life insurance policy where her husband is beneficiary
and her daughter
,is contingent beneficiary. Under the Common Disasterr
clause, if K and he
husband are both killed in an automobile accident, where
would the death
proceeds be directed? - ANSWER-
daughter
M purchased an Accidental Death and Dismemberment (AD&D)
policy and named his son as beneficiary. M has the right to
change the beneficiary designation at anytime. What type of
beneficiary is his son? – ANSWER-revocable
K is the insured and P is the sole beneficiary on a life insurance
policy. Both are involved in a fatal accident where K dies before
P. Under the Common Disaster provision, which of these
statements is true? - ANSWER-Proceeds will be paid to P's
estate
Which statement regarding the Change of Beneficiary
provision is true? -
ANSWER-The policyowner can change the
beneficiary
A policyowner's rights are limited under which beneficiary
designation? -
,ANSWER-
Irrevocable
What determines the full amount of Social Security retirement
benefits a qualified individual is entitled to receive? - ANSWER-
Primary Insurance Amount (PIA)
Which of these retirement plans can be started by an employee,
even if another
plan is in existence? - ANSWER-Individual Retirement
Account (IRA)
Which plan is intended to be used by a sole proprietor and
the employees of
that business? - ANSWER-
Keogh Plan
Which product would best serve a retired individual looking
to invest a lump-
sum of money through an insurance company? -
ANSWER-Annuity
An IRA owner can start making withdrawals and NOT be
subjected to a tax
, penalty beginning at what age? -
ANSWER-59 1/2
Which of the following is TRUE about a qualified retirement that
is "top heavy"?
- ANSWER-More than 60% of plan assets are in key
employee accounts
What type of employee welfare plans are not subject to ERISA
regulations? -
ANSWER-church
plans
A Key Employee policy is taken out by Company X on its vice
president. Ten years later, this employee leaves Company X
and begins working for Company Y. If this individual were to
die and the policy is still in force and unchanged, where would
the death proceeds be directed? - ANSWER-Company X
Which statement regarding third-party ownership of a life
insurance policy is true? - ANSWER-It is used extensively in
estate-planning as well as business circumstances
Company Z has a Cross Purchase Buy-Sell Agreement in place
among its three
Complete Real Exam Questions & CorrectAnswers | 100%
Verified solutions | 2025 latest Exam Version!!
A young, married teacher has two children and owns a Whole
Life policy. If the teacher wants an increasing Death Benefit to
protect against inflation, the teacher should select which of the
following Dividend Options? – ANSWER-Paid-Up Additional
Insurance
Which of the following statements is CORRECT about
accumulated interest
earned on dividends from an insurance policy? -
ANSWER-It is taxed as
ordinary
income
When can a policyowner change a revocable beneficiary? -
ANSWER-anytime
K has a life insurance policy where her husband is beneficiary
and her daughter
,is contingent beneficiary. Under the Common Disasterr
clause, if K and he
husband are both killed in an automobile accident, where
would the death
proceeds be directed? - ANSWER-
daughter
M purchased an Accidental Death and Dismemberment (AD&D)
policy and named his son as beneficiary. M has the right to
change the beneficiary designation at anytime. What type of
beneficiary is his son? – ANSWER-revocable
K is the insured and P is the sole beneficiary on a life insurance
policy. Both are involved in a fatal accident where K dies before
P. Under the Common Disaster provision, which of these
statements is true? - ANSWER-Proceeds will be paid to P's
estate
Which statement regarding the Change of Beneficiary
provision is true? -
ANSWER-The policyowner can change the
beneficiary
A policyowner's rights are limited under which beneficiary
designation? -
,ANSWER-
Irrevocable
What determines the full amount of Social Security retirement
benefits a qualified individual is entitled to receive? - ANSWER-
Primary Insurance Amount (PIA)
Which of these retirement plans can be started by an employee,
even if another
plan is in existence? - ANSWER-Individual Retirement
Account (IRA)
Which plan is intended to be used by a sole proprietor and
the employees of
that business? - ANSWER-
Keogh Plan
Which product would best serve a retired individual looking
to invest a lump-
sum of money through an insurance company? -
ANSWER-Annuity
An IRA owner can start making withdrawals and NOT be
subjected to a tax
, penalty beginning at what age? -
ANSWER-59 1/2
Which of the following is TRUE about a qualified retirement that
is "top heavy"?
- ANSWER-More than 60% of plan assets are in key
employee accounts
What type of employee welfare plans are not subject to ERISA
regulations? -
ANSWER-church
plans
A Key Employee policy is taken out by Company X on its vice
president. Ten years later, this employee leaves Company X
and begins working for Company Y. If this individual were to
die and the policy is still in force and unchanged, where would
the death proceeds be directed? - ANSWER-Company X
Which statement regarding third-party ownership of a life
insurance policy is true? - ANSWER-It is used extensively in
estate-planning as well as business circumstances
Company Z has a Cross Purchase Buy-Sell Agreement in place
among its three
