Texas State Life Insurance Exam Set 1 with Questions and Answers

Texas State Life Insurance Exam Set 1 with Questions and Answers The Accelerated Death Benefit provision in a life insurance policy is also known as a(n): 1035 exchange Inter vivos gift Non-forfeiture option Living Benefit ANSWER Living Benefit Additional coverage can be added to a Whole Life policy by adding a(n): payor rider accelerated benefit rider decreasing term rider automatic premium loan rider ANSWER decreasing term rider D owns a Whole Life policy that was purchased 10 years ago. If the premium payments suddenly stop and D takes no additional action, which Nonforfeiture Option will the insurer likely proceed with? Extended term Loan provision Reduced Paid-up Cash Surrender ANSWER Extended term Qualified Long-Term Care policies may take into consideration an applicant's pre-existing conditions for a maximum of not more than — months) prior to