FUNERAL PREARRANGEMENT LICENSE
EXAM TEXAS 2026/2027 ACTUAL
QUESTIONS WITH VERIFIED ANSWERS.
1. For essential information regarding proposed insured a life
insurance company's underwriter relies most often on
information from the - correct answer-completed application
2. Insurance companies may require a written statement
disclosing any relevant adverse information about a
proposed insured from the insividual's - correct answer-agent
3. When a proposed insured has somewhat lower than average
life expectancy, the insurer most often will - correct answer-
issue coverage with a higher-than-standard premium rate
4. If the application was taken without a premium payment,
then coverage will become effective when - correct answer-
the agent delivers the policy and collects the initial premium
5. If the insured fails to sign a statement of good health
required by the insurer at the time of policy delivery, then the
, agent must - correct answer-refuse any premium payment
and return the policy to the insurer
6. __ is normally free from federal income taxation - correct
answer-the amount paid to a beneficiary because of the
insured's death
7. In some circumstances, the income tax exempt status of the
death proceeds of a life insurance policy may be lost if the
policy - correct answer-is sold to a new owner
8. During the accumulation period of an annuity, the insurance
company would NOT make a payment when - correct
answer-purchase payments are stopped by the owner
9. During the accumulation period of an annuity, the interest
earning - correct answer-are retained in the contract on a
tax-deferred basis
10. In a deferred annuity, purchase payments are always
made during the - correct answer-accumulation period
, 11. _____ when annuity is annuitized - correct answer-
periodic benefit payments begin
12. When a partial withdrawal is made from deferred annuity,
the funds will be paid - correct answer-to the owner
13. _____ can assign a deferred annuity to another person -
correct answer-the owner
14. _______, in an annuity contract must be an individual, and
cannot be a corporation - correct answer-the annuitant
15. In a flexible premium deferred annuity, ________ is
directly affected by the annuitant's age - correct answer-the
annuity benefit payments
16. The beneficiary of a deferred annuity will receive a
payment only - correct answer-when the owner/annuitant
dies
EXAM TEXAS 2026/2027 ACTUAL
QUESTIONS WITH VERIFIED ANSWERS.
1. For essential information regarding proposed insured a life
insurance company's underwriter relies most often on
information from the - correct answer-completed application
2. Insurance companies may require a written statement
disclosing any relevant adverse information about a
proposed insured from the insividual's - correct answer-agent
3. When a proposed insured has somewhat lower than average
life expectancy, the insurer most often will - correct answer-
issue coverage with a higher-than-standard premium rate
4. If the application was taken without a premium payment,
then coverage will become effective when - correct answer-
the agent delivers the policy and collects the initial premium
5. If the insured fails to sign a statement of good health
required by the insurer at the time of policy delivery, then the
, agent must - correct answer-refuse any premium payment
and return the policy to the insurer
6. __ is normally free from federal income taxation - correct
answer-the amount paid to a beneficiary because of the
insured's death
7. In some circumstances, the income tax exempt status of the
death proceeds of a life insurance policy may be lost if the
policy - correct answer-is sold to a new owner
8. During the accumulation period of an annuity, the insurance
company would NOT make a payment when - correct
answer-purchase payments are stopped by the owner
9. During the accumulation period of an annuity, the interest
earning - correct answer-are retained in the contract on a
tax-deferred basis
10. In a deferred annuity, purchase payments are always
made during the - correct answer-accumulation period
, 11. _____ when annuity is annuitized - correct answer-
periodic benefit payments begin
12. When a partial withdrawal is made from deferred annuity,
the funds will be paid - correct answer-to the owner
13. _____ can assign a deferred annuity to another person -
correct answer-the owner
14. _______, in an annuity contract must be an individual, and
cannot be a corporation - correct answer-the annuitant
15. In a flexible premium deferred annuity, ________ is
directly affected by the annuitant's age - correct answer-the
annuity benefit payments
16. The beneficiary of a deferred annuity will receive a
payment only - correct answer-when the owner/annuitant
dies
