TEXAS GENERAL LINES LIFE, ACCIDENT AND HEALTH INSURANCE 2 EXAM
NEWEST VERSION 2025 ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS |VERIFIED ANSWERS|ALREADY GRADED A+||BRAND
NEW!!
LIFE SECTION 1
1) Sandra Timms, age 27, is advised by her producer to purchase Life insurance to cover a 20-
year-amortized $50,000 business-improvement loan. Which of the following plans would
adequately protect Ms. Timms at the minimum premium outlay? - CORRECT ANSWER-A-
$50,000 Whole Life policy
B- $50,000 Level Term policy for 20 years
C- $50,000 20 Pay Life policy
D- $50,000 Decreasing Term policy for 20 years
2) A 45-year old customer who is seeking to supplement his retirement income at age 65 would
not buy a: - CORRECT ANSWER-A- Deferred Annuity
B- Equity Indexed Annuity
C- Variable Annuity
D- Immediate Annuity
3) John Livingston owns a 30-Pay Life policy that he purchased at the age of 30. The cash value
will equal the face amount of the policy when he reaches the age of: - CORRECT ANSWER-A- 60
B- 70
C- 100
D- 30
,4) Which of the following is an example of a Limited-Pay Life policy? - CORRECT ANSWER-A-
Universal life
B- Whole Life
C- Life Paid-Up at Age 65
D- Renewable Term to Age 70
5) Which of the following policies provides the greatest amount of protection for an insured's
premium dollar as well as some cash accumulation? - CORRECT ANSWER-A- Annuity
B- Whole Life
C- Term
D- Limited-Pay Life
6) If a client wants cash value life insurance with a flexible premium and an adjustable death
benefit that will allow the policy owner a choice of various cash value investment options, he
should buy: - CORRECT ANSWER-A- Variable Life
B- Universal Life
C- Adjustable Life
D- Variable/Universal Life
7) If a person wants to invest a lump sum in an annuity that may appreciate along with market
and economic conditions, they should buy a: - CORRECT ANSWER-A- Flexible premium Annuity
B- Fixed Annuity
C- Deferred Annuity
D- Variable Annuity
8) You have a client that is a real estate agent. Which of the following types of permanent
protection is best for this type of client? - CORRECT ANSWER-A- Variable life
B- Universal life
,C- Survivorship life
D- Adjustable life
9) In order to sell variable life insurance you must be registered with which of the following? -
CORRECT ANSWER-A- The SEC
B- The State
C- The NYSE
D- The NASD
10) Which of the following individual policy conversions is usually permitted without any
evidence of insurability? - CORRECT ANSWER-A- Conversion to a lower-premium plan
B- Conversion from a Whole Life policy to a Term policy
C- Conversion from a Term policy to a Whole Life policy
D- Conversion to a larger amount of insurance
11) Which of the following is NOT correct regarding Ordinary Whole Life policies? - CORRECT
ANSWER-A- The premiums payments are owed annually until you die or reach age 100
B- The cash value grows more quickly in the beginning years of the policy
C- Coverage lasts for your own life
D- Ordinary Whole Life is a type of permanent insurance
12) Which of the following statements is true about the premium payment schedule for a
Whole Life policy? - CORRECT ANSWER-A- Premiums are payable for a designated period of time
only, after which coverage is no longer provided
B- Premiums are payable until the insured's retirement only, after which coverage is continued
automatically until the insured's death
, C- One premium, in the amount of the insured's choice, is payable at the time of application,
and the balance of the premiums is deducted from the face amount of the policy at the time of
the insured's death
D- Premiums are payable throughout the insured's lifetime, and coverage continues until the
insured's death
13) A life insurance policy that covers two parties, but only pays when the last party dies is
known as: - CORRECT ANSWER-A- Joint Life
B- Contingent Life
C- Other insured Life
D- Survivorship Life
14) Which of the following contracts requires that a series of benefit payments be made at
specified intervals? - CORRECT ANSWER-A- 20-Pay Life
B- Modified Whole Life
C- Annuity
D- Ordinary Whole Life
15) Which of the following is an example of a Limited-Pay Life policy: - CORRECT ANSWER-A-
Traditional Whole Life
B- Endowment at 65
C- 10 year Renewable Term Life
D- 20-Pay Life
16) An insurance producer selling a Variable Annuity whose cash value depends on the
performance of an underlying investment account must be registered with: - CORRECT
ANSWER-A- The National Association of Insurance Commissioners
B- The National Association of Life Underwriters
NEWEST VERSION 2025 ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS |VERIFIED ANSWERS|ALREADY GRADED A+||BRAND
NEW!!
LIFE SECTION 1
1) Sandra Timms, age 27, is advised by her producer to purchase Life insurance to cover a 20-
year-amortized $50,000 business-improvement loan. Which of the following plans would
adequately protect Ms. Timms at the minimum premium outlay? - CORRECT ANSWER-A-
$50,000 Whole Life policy
B- $50,000 Level Term policy for 20 years
C- $50,000 20 Pay Life policy
D- $50,000 Decreasing Term policy for 20 years
2) A 45-year old customer who is seeking to supplement his retirement income at age 65 would
not buy a: - CORRECT ANSWER-A- Deferred Annuity
B- Equity Indexed Annuity
C- Variable Annuity
D- Immediate Annuity
3) John Livingston owns a 30-Pay Life policy that he purchased at the age of 30. The cash value
will equal the face amount of the policy when he reaches the age of: - CORRECT ANSWER-A- 60
B- 70
C- 100
D- 30
,4) Which of the following is an example of a Limited-Pay Life policy? - CORRECT ANSWER-A-
Universal life
B- Whole Life
C- Life Paid-Up at Age 65
D- Renewable Term to Age 70
5) Which of the following policies provides the greatest amount of protection for an insured's
premium dollar as well as some cash accumulation? - CORRECT ANSWER-A- Annuity
B- Whole Life
C- Term
D- Limited-Pay Life
6) If a client wants cash value life insurance with a flexible premium and an adjustable death
benefit that will allow the policy owner a choice of various cash value investment options, he
should buy: - CORRECT ANSWER-A- Variable Life
B- Universal Life
C- Adjustable Life
D- Variable/Universal Life
7) If a person wants to invest a lump sum in an annuity that may appreciate along with market
and economic conditions, they should buy a: - CORRECT ANSWER-A- Flexible premium Annuity
B- Fixed Annuity
C- Deferred Annuity
D- Variable Annuity
8) You have a client that is a real estate agent. Which of the following types of permanent
protection is best for this type of client? - CORRECT ANSWER-A- Variable life
B- Universal life
,C- Survivorship life
D- Adjustable life
9) In order to sell variable life insurance you must be registered with which of the following? -
CORRECT ANSWER-A- The SEC
B- The State
C- The NYSE
D- The NASD
10) Which of the following individual policy conversions is usually permitted without any
evidence of insurability? - CORRECT ANSWER-A- Conversion to a lower-premium plan
B- Conversion from a Whole Life policy to a Term policy
C- Conversion from a Term policy to a Whole Life policy
D- Conversion to a larger amount of insurance
11) Which of the following is NOT correct regarding Ordinary Whole Life policies? - CORRECT
ANSWER-A- The premiums payments are owed annually until you die or reach age 100
B- The cash value grows more quickly in the beginning years of the policy
C- Coverage lasts for your own life
D- Ordinary Whole Life is a type of permanent insurance
12) Which of the following statements is true about the premium payment schedule for a
Whole Life policy? - CORRECT ANSWER-A- Premiums are payable for a designated period of time
only, after which coverage is no longer provided
B- Premiums are payable until the insured's retirement only, after which coverage is continued
automatically until the insured's death
, C- One premium, in the amount of the insured's choice, is payable at the time of application,
and the balance of the premiums is deducted from the face amount of the policy at the time of
the insured's death
D- Premiums are payable throughout the insured's lifetime, and coverage continues until the
insured's death
13) A life insurance policy that covers two parties, but only pays when the last party dies is
known as: - CORRECT ANSWER-A- Joint Life
B- Contingent Life
C- Other insured Life
D- Survivorship Life
14) Which of the following contracts requires that a series of benefit payments be made at
specified intervals? - CORRECT ANSWER-A- 20-Pay Life
B- Modified Whole Life
C- Annuity
D- Ordinary Whole Life
15) Which of the following is an example of a Limited-Pay Life policy: - CORRECT ANSWER-A-
Traditional Whole Life
B- Endowment at 65
C- 10 year Renewable Term Life
D- 20-Pay Life
16) An insurance producer selling a Variable Annuity whose cash value depends on the
performance of an underlying investment account must be registered with: - CORRECT
ANSWER-A- The National Association of Insurance Commissioners
B- The National Association of Life Underwriters
