TEXAS STATE LIFE AND HEALTH INSURANCE
EXAM SIMULATOR 2024-2025 ACTUAL EXAM 100
QUESTIONS AND CORRECT DETAILED ANSWERS
Terms in this set (200)
An annuity promises that, if An installment Refund annuity
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
One becomes eligible for 5 months
Social Security disability
benefits after having been
disabled for
3 months
5 months
6 months
12 months
,A potential client, age 40, 20-Pay Life accumulates cash value faster than Straight
would like to purchase a Life
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
correct?
Straight life accumulates
faster than Limited-pay Life
20-Pay Life accumulates
cash value faster than
Straight Life
Cash value accumulation of
both 20-Pay Life and
Straight Life depend on the
insurer's financial rating
20-Pay Life and Straight Life
accumulate cash value at
the same rate
Who makes the legally Insurance company
enforceable promises in a
unilateral insurance policy?
Beneficiary
Insurance company
Insured
Applicant
,The Consideration clause in the initial premium
a life insurance policy
indicates that a
policyowner's consideration
consists of a completed
application and
the initial premium
agreeing to a physical
examination
delivery of policy
disclosure of any medical
conditions
Which parts of a life Warranty
insurance policy are
guaranteed to be true?
Rating
Representation
Statement
Warranty
, A comprehensive major experimental and investigative services
medical health insurance
policy contains an Eligible
Expenses provision which
identifies the types of
health care services that are
covered. All of the
following health care
services are typically
covered EXCEPT for
hospital charges
physician fees
experimental and
investigative services
nursing services
If a retiree on Medicare Medicare Supplement
required five hospital stays
in one year, which policy
would provide the best
insurance for excess
hospital expenses?
Long-term care
Indemnity
Medicare Supplement
Medicaid
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