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TX Life Agent Pearson VUE questions and answers $8.00   Add to cart

Exam (elaborations)

TX Life Agent Pearson VUE questions and answers

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TX Life Agent Pearson VUE

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  • October 20, 2024
  • 83
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Pearson Vue
  • Pearson Vue
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94 Multiple choice questions

Definition 1 of 94
Which provision of a life insurance policy states that a copy of the application along with any
riders and amendments is part of the contract?

Annuity


Insuring

Irrevocable

Entire Contract clause

Definition 2 of 94
The MIB is all of the following EXCEPT

An independent investigating firm

A nonprofit trade organization

Underwriting applications

An aid to help insurers evaluate risk

Definition 3 of 94
A contact that can provide income for life and protect against outliving your money is an

Credit Life

Annuity


Perpetuity

Whole Life Insurance

,Definition 4 of 94
The Process of taking financial proceeds from illegal activites and placing them into financial
systems to disguise their origins is known as

Money Laundering

Annually


Insider Trading

Fraud

Definition 5 of 94
All the following are true about long term care riders EXCEPT

LTC will only pay benefits if the insured is under age 65

Ltc will pay benefits only for hospital stays


Ltc benefits are limited to nursing home care

Ltc benefits are available regardless of age

Definition 6 of 94
The policy that covers 2 or more lives and pays on the death of the last insured is

Credit Life


Ordinay Whole Life

Survivorship Life

Term Life

,Definition 7 of 94
If a buyer's guide and disclosure document are not provided to the applicant at or before the
time of application, the applicant must be allowed a free-look period of at least

15 calendar days


15 business days

5 business days

10 business days

Definition 8 of 94
Which of the following would NOT constitute replacement when a new policy is issued

Converting term insurance within the same company

Cancelling an existing policy to start a new one

Transferring a policy to a family member


Issuing a new policy with a different insurer

Definition 9 of 94
The time limit to convert from a group life policy to an individual permanent is

30 days


6 months

15 calendar days

31 days

, Definition 10 of 94
Which type of insurance would be most appropriate to use to pay off a mortgage in case the
insured dies prematurely

Variable Universal Life

Decreasing Term

Credit Life

Term Life

Definition 11 of 94
A group life insurance progrem in which the employer pays all the permium would be all the
following EXCEPT

Representations

Rebating

Consideration

Contributory

Definition 12 of 94
Which of the following is the least expensice method of paying life insurance

Monthly

30 Days

Annually

6 Months

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