Texas State Exam Simulator - Life and Health Insurance
COMPLETE EXAM LATEST VERSION 2026- 2027
QUESTIONS AND 100% Verified ANSWERS
How does a typical Variable Life Policy investment account grow?
Tied to price of gold
Through mutual funds, stocks, bonds
Based on returns from insurer's general account
Tied to Treasury Bills - answer>>>Through mutual funds, stocks, bonds
An applicant's medical information received from the Medical Information
Bureau (MIB) may be furnished to the
agent
applicant's spouse
National Association of Insurance Commissioners
(NAIC) applicant's physician - answer>>>applicant's
physician
After the initial enrollment period, an HMO must hold an open enrollment
period of how many days at LEAST once in every 12-month period?
15
31
45
90 - answer>>>31
Which of the following is NOT included in the policy face?
,Texas State Exam Simulator - Life and Health Insurance
COMPLETE EXAM LATEST VERSION 2026- 2027
QUESTIONS AND 100% Verified ANSWERS
Free Look
provision Name of
the insured Name of
the insurer
Exclusions - answer>>>Exclusions
A student pilot can pay regular premium costs for her life insurance policy
with the addition of which of the following?
Guaranteed Insurability
rider Aviation exclusion
Impairment rider
Accidental Death Benefit rider - answer>>>Aviation exclusion
In a life insurance policy, which provision states who may select policy
options, designate and name a beneficiary, and be the recipient of any
financial benefits from the policy?
Nonforfeitur
e Entire
Contract
Insuring
Clause
Owner's Rights - answer>>>Owner's Rights
A Renewable Term Policy is renewable at the option of the
Owner
Compa
,Texas State Exam Simulator - Life and Health Insurance
COMPLETE EXAM LATEST VERSION 2026- 2027
QUESTIONS AND 100% Verified ANSWERS
ny
Insured
Assignee - answer>>>insured
, Texas State Exam Simulator - Life and Health Insurance
COMPLETE EXAM LATEST VERSION 2026- 2027
QUESTIONS AND 100% Verified ANSWERS
Which of these is considered a true statement regarding Medicaid?
Funded by both state and federal governments
Intended to be used by individuals age 65 and
older Provides disability income benefits
Automatically covers those receiving Social Security disability benefits -
answer>>>Funded by both state and federal governments
Which is true concerning a Variable Universal Life policy?
Policyowner controls where the investment will go and selects the amount of
the premium payment
Policyowner has no say where the investment will go but can choose the
premium mode The investment vehicle for this type of policy is held in the
insurer's general portfolio
The death benefit can vary but the policyowner has no say in the premium
amount paid - answer>>>Policyowner controls where the investment will go
and selects the amount of the premium payment
In life insurance, the needs approach is used mostly to establish
which type of life insurance a client should apply for how much life
insurance a client should apply for which company a client should use when
applying for life insurance what the maximum amount the client can spend
on life insurance - answer>>>how much life insurance a client should apply
for
A life insurance illustration is NOT required to include the
COMPLETE EXAM LATEST VERSION 2026- 2027
QUESTIONS AND 100% Verified ANSWERS
How does a typical Variable Life Policy investment account grow?
Tied to price of gold
Through mutual funds, stocks, bonds
Based on returns from insurer's general account
Tied to Treasury Bills - answer>>>Through mutual funds, stocks, bonds
An applicant's medical information received from the Medical Information
Bureau (MIB) may be furnished to the
agent
applicant's spouse
National Association of Insurance Commissioners
(NAIC) applicant's physician - answer>>>applicant's
physician
After the initial enrollment period, an HMO must hold an open enrollment
period of how many days at LEAST once in every 12-month period?
15
31
45
90 - answer>>>31
Which of the following is NOT included in the policy face?
,Texas State Exam Simulator - Life and Health Insurance
COMPLETE EXAM LATEST VERSION 2026- 2027
QUESTIONS AND 100% Verified ANSWERS
Free Look
provision Name of
the insured Name of
the insurer
Exclusions - answer>>>Exclusions
A student pilot can pay regular premium costs for her life insurance policy
with the addition of which of the following?
Guaranteed Insurability
rider Aviation exclusion
Impairment rider
Accidental Death Benefit rider - answer>>>Aviation exclusion
In a life insurance policy, which provision states who may select policy
options, designate and name a beneficiary, and be the recipient of any
financial benefits from the policy?
Nonforfeitur
e Entire
Contract
Insuring
Clause
Owner's Rights - answer>>>Owner's Rights
A Renewable Term Policy is renewable at the option of the
Owner
Compa
,Texas State Exam Simulator - Life and Health Insurance
COMPLETE EXAM LATEST VERSION 2026- 2027
QUESTIONS AND 100% Verified ANSWERS
ny
Insured
Assignee - answer>>>insured
, Texas State Exam Simulator - Life and Health Insurance
COMPLETE EXAM LATEST VERSION 2026- 2027
QUESTIONS AND 100% Verified ANSWERS
Which of these is considered a true statement regarding Medicaid?
Funded by both state and federal governments
Intended to be used by individuals age 65 and
older Provides disability income benefits
Automatically covers those receiving Social Security disability benefits -
answer>>>Funded by both state and federal governments
Which is true concerning a Variable Universal Life policy?
Policyowner controls where the investment will go and selects the amount of
the premium payment
Policyowner has no say where the investment will go but can choose the
premium mode The investment vehicle for this type of policy is held in the
insurer's general portfolio
The death benefit can vary but the policyowner has no say in the premium
amount paid - answer>>>Policyowner controls where the investment will go
and selects the amount of the premium payment
In life insurance, the needs approach is used mostly to establish
which type of life insurance a client should apply for how much life
insurance a client should apply for which company a client should use when
applying for life insurance what the maximum amount the client can spend
on life insurance - answer>>>how much life insurance a client should apply
for
A life insurance illustration is NOT required to include the
