100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
TEXAS GENERAL LINES LIFE,ACCIDENT AND HEALTH INSURANCE 2 EXAM LATEST 2024 WITH ACTUAL QUESTIONS AND CORRECT VERIFIED ANSWERS/ALREADY GRADED A+ 100% GUARANTEED TO PASS CONCEPTS(ALL WHAT YOU NEED) LATEST EDITION 2024 $25.99
Add to cart
TEXAS GENERAL LINES LIFE,ACCIDENT AND HEALTH INSUR
TEXAS GENERAL LINES LIFE,ACCIDENT AND HEALTH INSUR
Exam (elaborations)
TEXAS GENERAL LINES LIFE,ACCIDENT AND HEALTH INSURANCE 2 EXAM LATEST 2024 WITH ACTUAL QUESTIONS AND CORRECT VERIFIED ANSWERS/ALREADY GRADED A+ 100% GUARANTEED TO PASS CONCEPTS(ALL WHAT YOU NEED) LATEST EDITION 2024
1 view 0 purchase
Course
TEXAS GENERAL LINES LIFE,ACCIDENT AND HEALTH INSUR
Institution
TEXAS GENERAL LINES LIFE,ACCIDENT AND HEALTH INSUR
TEXAS GENERAL LINES LIFE,ACCIDENT AND HEALTH INSURANCE 2
EXAM LATEST 2024 WITH ACTUAL QUESTIONS AND CORRECT
VERIFIED ANSWERS/ALREADY GRADED A+ 100% GUARANTEED TO
PASS CONCEPTS(ALL WHAT YOU NEED) LATEST EDITION 2024
TEXAS GENERAL LINES LIFE,ACCIDENT AND HEALTH INSURANCE 2
EXAM LATEST 2024 WITH ACTUAL QUESTIONS AND CORRECT
VERIFIED ANSWERS/ALREADY GRADED A+ 100% GUARANTEED TO
PASS CONCEPTS(ALL WHAT YOU NEED) LATEST EDITION 2024
LIFE SECTION 1 - ANSWER-LIFE SECTION 1
1) Sandra Timms, age 27, is advised by her producer to purchase Life insurance
to cover a 20-year-amortized $50,000 business-improvement loan. Which of
the following plans would adequately protect Ms. Timms at the minimum
premium outlay? - ANSWER-A- $50,000 Whole Life policy
B- $50,000 Level Term policy for 20 years
C- $50,000 20 Pay Life policy
D- $50,000 Decreasing Term policy for 20 years
2) A 45-year old customer who is seeking to supplement his retirement income
at age 65 would not buy a: - ANSWER-A- Deferred Annuity
B- Equity Indexed Annuity
C- Variable Annuity
D- Immediate Annuity
,3) John Livingston owns a 30-Pay Life policy that he purchased at the age of 30.
The cash value will equal the face amount of the policy when he reaches the
age of: - ANSWER-A- 60
B- 70
C- 100
D- 30
4) Which of the following is an example of a Limited-Pay Life policy? - ANSWER-
A- Universal life
B- Whole Life
C- Life Paid-Up at Age 65
D- Renewable Term to Age 70
5) Which of the following policies provides the greatest amount of protection
for an insured's premium dollar as well as some cash accumulation? - ANSWER-
A- Annuity
B- Whole Life
C- Term
D- Limited-Pay Life
6) Which of the following individual policy conversions is usually permitted
without any evidence of insurability? - ANSWER-A- Conversion to a lower-
premium plan
B- Conversion from a Whole Life policy to a Term policy
C- Conversion from a Term policy to a Whole Life policy
D- Conversion to a larger amount of insurance
,7) Which of the following is NOT correct regarding Ordinary Whole Life
policies? - ANSWER-A- The premiums payments are owed annually until you
die or reach age 100
B- The cash value grows more quickly in the beginning years of the policy
C- Coverage lasts for your own life
D- Ordinary Whole Life is a type of permanent insurance
8) Which of the following statements is true about the premium payment
schedule for a Whole Life policy? - ANSWER-A- Premiums are payable for a
designated period of time only, after which coverage is no longer provided
B- Premiums are payable until the insured's retirement only, after which
coverage is continued automatically until the insured's death
C- One premium, in the amount of the insured's choice, is payable at the time
of application, and the balance of the premiums is deducted from the face
amount of the policy at the time of the insured's death
D- Premiums are payable throughout the insured's lifetime, and coverage
continues until the insured's death
9) A life insurance policy that covers two parties, but only pays when the last
party dies is known as: - ANSWER-A- Joint Life
B- Contingent Life
C- Other insured Life
D- Survivorship Life
10) Which of the following contracts requires that a series of benefit payments
be made at specified intervals? - ANSWER-A- 20-Pay Life
, B- Modified Whole Life
C- Annuity
D- Ordinary Whole Life
11) If a client wants cash value life insurance with a flexible premium and an
adjustable death benefit that will allow the policy owner a choice of various
cash value investment options, he should buy: - ANSWER-A- Variable Life
B- Universal Life
C- Adjustable Life
D- Variable/Universal Life
12) If a person wants to invest a lump sum in an annuity that may appreciate
along with market and economic conditions, they should buy a: - ANSWER-A-
Flexible premium Annuity
B- Fixed Annuity
C- Deferred Annuity
D- Variable Annuity
13) You have a client that is a real estate agent. Which of the following types of
permanent protection is best for this type of client? - ANSWER-A- Variable life
B- Universal life
C- Survivorship life
D- Adjustable life
14) In order to sell variable life insurance you must be registered with which of
the following? - ANSWER-A- The SEC
B- The State
C- The NYSE
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller trustednurse. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $25.99. You're not tied to anything after your purchase.
