Texas Life Insurance exam _ Questions with 100- Correct Answers All Questions and Correct Answers _ Verified Answers _ Just Released _ Newest Version

Texas Life Insurance exam / Questions with 100% Correct
Answers All Questions and Correct Answers | Verified
Answers | Just Released | Newest Version
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#1. b)
In a survivorship life policy, when does the insurer pay the Upon the last death
death benefit?
a)
If the insured survives to age 100
b)
Upon the last death
c)
Upon the first death
d)
Half at the first death, and half at the second death

, #3. d)
A father owns a life insurance policy on his 15-year-old The insured's premiums will be waived until she is 21
daughter. The policy contains the optional Payor Benefit
rider. If the father becomes disabled, what will happen to
the life insurance premiums?
a)
The premiums will become tax deductible until the
insured's 18th birthday.
b)
Since it is the policyowner, and not the insured, who has
become disabled, the life insurance policy will not be
affected.
c)
The insured will have to pay premiums for 6 months. If at
the end of this period the father is still disabled, the
insured will be refunded the premiums.
d)
The insured's premiums will be waived until she is 21.


#7. a)
A rider attached to a life insurance policy that provides Other-insured rider.
coverage on the insured's family members is called the
a)
Other-insured rider.
b)
Change of insured rider.
c)
Juvenile rider.
d)
Payor rider.


#9. b)
Annually renewable term policies provide a level death Increases annually.
benefit for a premium that
a)
Fluctuates.
b)
Increases annually.
c)
Decreases annually.
d)
Remains level.