Texas health and life insurance
Exam Questions and Answers
100% PASS
An employee is covered under a company group life plan with a $50,000
death benefit. What is the MAXIMUM amount a spouse may be insured for
under this program?
A. $40,000
B $10,000
C $50,000
D. $25,000 - CORRECT ANSWER-D. $25,000
An insured may assign up to of policy ownership under an individual life
insurance policy.
,A. 100%
B. 25%
C. 75%
D. 50%An insured may assign up to of policy ownership under an individual
life insurance policy.
A. 100%
B. 25%
C. 75%
D. 50% - CORRECT ANSWER-A. 100%
During a sales presentation for a participating life insurance policy, an
agent MUST
A. offer to the prospect a portion of the commissions
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protected by copyright law
,B. make a prospect understand that dividends ARE guaranteed
C. offer to the prospect a minimum return of investment
D. make a prospect understand that dividends are NOT guaranteed -
CORRECT ANSWER-D. Make a prospect understand that dividends are not
guaranteed
How long can a cash surrender value payment be deferred by the insurance
company under the Nonforfeiture Law?
A. 6 months
B. 4 months
C 1 month
D. 9 months - CORRECT ANSWER-A. 6 months
If an insured's age was misstated on a life insurance contract, the
Misstatement of Age provision requires that any death benefit payable would
be
, A an amount that the premiums paid would have purchased at the current
age.
B. forfeited
C contested in front of an arbitrator
D reduced by 50% - CORRECT ANSWER-A. An amount that the premiums
paid would have purchased at the current age
In Texas, how long must a policy be in force before an insurance company
must pay death benefits for suicide?
A. 6 months
B. 3 years
C. 2 years
D. 1 year - CORRECT ANSWER-C. 2 years
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law
Exam Questions and Answers
100% PASS
An employee is covered under a company group life plan with a $50,000
death benefit. What is the MAXIMUM amount a spouse may be insured for
under this program?
A. $40,000
B $10,000
C $50,000
D. $25,000 - CORRECT ANSWER-D. $25,000
An insured may assign up to of policy ownership under an individual life
insurance policy.
,A. 100%
B. 25%
C. 75%
D. 50%An insured may assign up to of policy ownership under an individual
life insurance policy.
A. 100%
B. 25%
C. 75%
D. 50% - CORRECT ANSWER-A. 100%
During a sales presentation for a participating life insurance policy, an
agent MUST
A. offer to the prospect a portion of the commissions
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law
,B. make a prospect understand that dividends ARE guaranteed
C. offer to the prospect a minimum return of investment
D. make a prospect understand that dividends are NOT guaranteed -
CORRECT ANSWER-D. Make a prospect understand that dividends are not
guaranteed
How long can a cash surrender value payment be deferred by the insurance
company under the Nonforfeiture Law?
A. 6 months
B. 4 months
C 1 month
D. 9 months - CORRECT ANSWER-A. 6 months
If an insured's age was misstated on a life insurance contract, the
Misstatement of Age provision requires that any death benefit payable would
be
, A an amount that the premiums paid would have purchased at the current
age.
B. forfeited
C contested in front of an arbitrator
D reduced by 50% - CORRECT ANSWER-A. An amount that the premiums
paid would have purchased at the current age
In Texas, how long must a policy be in force before an insurance company
must pay death benefits for suicide?
A. 6 months
B. 3 years
C. 2 years
D. 1 year - CORRECT ANSWER-C. 2 years
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law
