TX Preneed Funeral Exam Review || Most Recent Exam 2026-
2027 Actual Complete Real Exam Questions With Correct
Answers (Verified Answers) Already Graded A+ | Newest
Exam | Just Released!!
What backs Up the guarantees of a company's fixed annuities?
- ANSWER -the
assets in the general account of an
insurance company
What happens if customer refuses to sign the statement of
good health? -
annuity - ANSWER -is a contract btw an individual and a
life insurance
company
Immediate Annuity - ANSWER -contract owner gets money
immediately only if it
is funded with a
lump sum
deferred annuity - ANSWER -provides income payments at
some future date
,When an annuity includes a variable current interest rate, what
does it need to
include? - ANSWER -the guarantee
interest rate
who bears the investment risk in a fixed annuity? -
ANSWER -insurance
company
flexible premium deferred annuity - ANSWER -the annuitant's
age will directly
effect the amount of the annuity benefit
payments
Free of federal income taxation. - ANSWER -If taken as a
lump sum, life
insurance proceeds to beneficiaries
are passed
tax exemption of an insurance policy - ANSWER -May be lost
if the policy is
sóld to a new
owner
Maximum about of prearranged funeral contract - ANSWER -
Unlimited (just
needs to match the Goods &
Services
, What is required of your supervisor? - ANSWER -Neither years
of experience or
to be a legal reserve life
agent
What can cause an agent 's license to be revoked? - ANSWER -
If agent fails to
renew the
license
What is included in agent's renewal? - ANSWER -Completed
application &
Renewal
Fee
What happens to an Agent who is suspected to commit fraud? -
ANSWER He/she must be reported to a prosecuting Attorney or
to a law enforcement agency
When is the funeral benefit contract be provided to the
purchaser? - ANSWER -
Within 30
days
When is the premium collected be remitted to the
insurance company? -
ANSWER -within 30
days
2027 Actual Complete Real Exam Questions With Correct
Answers (Verified Answers) Already Graded A+ | Newest
Exam | Just Released!!
What backs Up the guarantees of a company's fixed annuities?
- ANSWER -the
assets in the general account of an
insurance company
What happens if customer refuses to sign the statement of
good health? -
annuity - ANSWER -is a contract btw an individual and a
life insurance
company
Immediate Annuity - ANSWER -contract owner gets money
immediately only if it
is funded with a
lump sum
deferred annuity - ANSWER -provides income payments at
some future date
,When an annuity includes a variable current interest rate, what
does it need to
include? - ANSWER -the guarantee
interest rate
who bears the investment risk in a fixed annuity? -
ANSWER -insurance
company
flexible premium deferred annuity - ANSWER -the annuitant's
age will directly
effect the amount of the annuity benefit
payments
Free of federal income taxation. - ANSWER -If taken as a
lump sum, life
insurance proceeds to beneficiaries
are passed
tax exemption of an insurance policy - ANSWER -May be lost
if the policy is
sóld to a new
owner
Maximum about of prearranged funeral contract - ANSWER -
Unlimited (just
needs to match the Goods &
Services
, What is required of your supervisor? - ANSWER -Neither years
of experience or
to be a legal reserve life
agent
What can cause an agent 's license to be revoked? - ANSWER -
If agent fails to
renew the
license
What is included in agent's renewal? - ANSWER -Completed
application &
Renewal
Fee
What happens to an Agent who is suspected to commit fraud? -
ANSWER He/she must be reported to a prosecuting Attorney or
to a law enforcement agency
When is the funeral benefit contract be provided to the
purchaser? - ANSWER -
Within 30
days
When is the premium collected be remitted to the
insurance company? -
ANSWER -within 30
days
