Texas general lines life - Study guides, Class notes & Summaries

TEXAS GENERAL LINES - LIFE, ACCIDENT AND HEALTH INSURANCE EXAM WITH ACTUAL CORRECT QUESTIONS AND VERIFIED DETAILED ANSWERS |FREQUENTLY TESTED QUESTIONS AND SOLUTIONS |ALREADY GRADED A+|NEWEST|GUARANTEED PASS|LATEST UPDATE

Texas General Lines - Life, accident and health insurance PRACTICE EXAM QUESTIONS WITH SOLUTIONS LIFE SECTION 1 - ANS 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? 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 De...

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...

Texas General Lines - Life, Accident And Health Insurance Practice Exam – Questions & Answers

After an investigation, an insurer denies a false claim. The insurer must: Correct Answer Provide a reasonable explanation Gambling and investing in the stock market are known as what type of risk? Correct Answer Speculative Risk Which would be considered an Unfair Claims Practice under Texas Law? Correct Answer Failing to promptly provide a reasonable explanation for denial of claim payment. When a producer collects money on an application for insurance and puts it into a separate acco...

Texas General Lines - Life, accident and health insurance PRACTICE EXAM-with 100% verified solutions -tutor verified

Texas General Lines - Life, accident and health insurance PRACTICE EXAM

Texas General Lines - Life, accident and health insurance PRACTICE EXAM

TEXAS GENERAL LINES – LIFE, ACCIDENT AND HEALTH INSURANCE ACTUAL EXAM 300+ COMPLETE QUESTIONS AND VERIFIED ANSWERS . A+ GRADE.

Loan-to-Value Ratio (LTV) - correct answer The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage - correct answer Covers more than one piece of property. Wraparound Mortgage - c...