Boost Your Brilliance: Document Spot

Life Insurance Practice Exam Questions and Answers | Latest Version | 2025/2026 | Correct & Verified What is the suicide clause in life insurance? A provision that limits or denies benefits if the insured dies by suicide within the first two years of the policy. What is a waiver of premium rider? A rider that waives future premiums if the insured becomes totally disabled. What is an accidental death benefit rider? A rider that pays an additional death benefit if the insured dies a...

Life & Health License Test Texas Exam FX Questions and Answers | Latest Version | 2025/2026 | Correct & Verified What is a universal life insurance policy? A flexible permanent life insurance policy that allows adjustments to premiums and death benefits. What is the beneficiary in a life insurance policy? The person or entity designated to receive the death benefit. What is the policyowner’s consideration? Payment of premiums in exchange for the insurer’s promise to pay the de...

Life Insurance Exam Questions and Answers | Latest Version | 2025/2026 | Correct & Verified What is a policy loan? A loan taken by the policyowner using the cash value of a permanent life insurance policy as collateral. What is an accelerated death benefit rider? A provision that allows the insured to receive a portion of the death benefit if diagnosed with a terminal illness. What is a waiver of premium rider? A rider that waives premiums if the insured becomes disabled and un...

Life & Health - TX State Laws Questions and Answers | Latest Version | 2025/2026 | Correct & Verified Who must be licensed to sell life or health insurance in Texas? Any individual who solicits, negotiates, or sells insurance policies. What is the minimum age to obtain a life and health insurance license in Texas? 18 years old. What is required before applying for a Texas life and health license? Completion of required pre-licensing education. How long must Texas insurance recor...

Texas Life Insurance Exam Questions and Answers | Latest Version | 2025/2026 | Correct & Verified What is underwriting? The process of evaluating risk. What factors are considered in underwriting? Age, health, lifestyle, and occupation. What is a medical exam used for? Assessing insurability. What is the free-look period in Texas? A time allowing policy cancellation for a refund. What happens if a policy is returned during free-look? Premiums are refunded. What is repl...

Life Insurance Exam Question (Texas) Questions and Answers | Latest Version | 2025/2026 | Correct & Verified What happens if premiums are not paid on time? The policy may lapse after the grace period. What is the grace period in Texas life insurance policies? A period allowing late premium payment without policy lapse. What is term life insurance? Coverage for a specified period with no cash value. What happens if a term policy expires? Coverage ends with no payout unless renew...

Texas Life and Health State Exam Simulator Questions and Answers | Latest Version | 2025/2026 | Correct & Verified What determines the premium amount in a life insurance policy? Age, health, and risk classification. What is the face amount of a life insurance policy? The death benefit payable to beneficiaries. Who owns the life insurance policy? The policyowner. Who receives the death benefit? The beneficiary. What is an irrevocable beneficiary? A beneficiary whose desig...

Study Guide Ins TX - LAH05 - General Lines - Life, Accident, and Health Questions and Answers | Latest Version | 2025/2026 | Correct & Verified What does “general lines” mean in Texas insurance licensing? Authority to sell multiple types of insurance within a defined category such as life, accident, and health. What state agency regulates life, accident, and health insurance in Texas? The Texas Department of Insurance. What is the primary purpose of life insurance? To provi...

Texas Insurance Regulations Test Questions and Answers | Latest Version | 2025/2026 | Correct & Verified What is a policy endorsement? An amendment modifying coverage. What is unfair claims settlement practice? Failing to handle claims promptly and fairly. What must insurers do upon receiving a claim? Acknowledge and investigate within required timeframes. What is bad faith in insurance? Unreasonable denial or delay of benefits. What is a proof of loss? A formal statement s...

Texas All Lines Adjuster Test Questions and Answers | Latest Version | 2025/2026 | Correct & Verified What is an all lines adjuster license? A license allowing adjustment of multiple types of insurance claims. What must an adjuster do before handling a claim? Confirm they are properly licensed and appointed if required. What is a claim file? The complete record of documents and notes related to a claim. Why is documentation critical for adjusters? It provides legal and factual ...