TEXAS GENERAL LINES LIFE, ACCIDENT AND HEALTH INSURANCE 2 LATEST VERSIONS ACTUAL EXAM COMPLETE 500 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) ALREADY GRADED A+ (1).pdf

TEXAS GENERAL LINES LIFE, ACCIDENT AND
n n n n n



HEALTH INSURANCE LATEST VERSIONS ACTUAL
n n n n n



EXAM COMPLETE 350 QUESTIONS AND CORRECT
n n n n n n



DETAILED ANSWERS (VERIFIED ANSWERS)
n n n



|ALREADY GRADED A+ n n




1) SandranTimms,nagen27,nisnadvisednbynhernproducerntonpurchasenLifeninsurancentoncov
ernan20-year-amortizedn$50,000nbusiness-
improvementnloan.nWhichnofnthenfollowingnplansnwouldnadequatelynprotectnMs.nTimmsnatn
thenminimumnpremiumnoutlay?n-nANSWERA-n$50,000nWholenLifenpolicy
B-n$50,000nLevel nTermnpolicynforn20nyears
C-n$50,000n20nPaynLifenpolicy
D-n$50,000nDecreasingnTermnpolicynforn20nyears

2) An45-
yearnoldncustomernwhonisnseekingntonsupplementnhisnretirementnincomenatnagen65nwould
nnotnbuyna:n-nANSWERA-nDeferred nAnnuity

B-nEquitynIndexednAnnuity
C-nVariablenAnnuity
D-nImmediatenAnnuity

3) John nLivingston nownsnan30-
PaynLifenpolicynthatnhenpurchasednatnthenagenofn30.nThencashnvaluenwill nequalnthenfacena
mountnof nthenpolicynwhen nhenreachesnthenagenof:n-nANSWERA-n60
B-n70
C-n100
D-n30

4) Which nofnthenfollowingnisnan nexamplenof nanLimited-PaynLifenpolicy?n-nANSWERA-
nUniversal nlife

B-nWholenLife
C-nLifenPaid-UpnatnAgen65
D-nRenewablenTermntonAgen70

5) Which nof nthenfollowingnpoliciesnprovidesnthengreatestnamountnofnprotectionnfornannins
ured'snpremiumndollarnasnwell nasnsomencash naccumulation?n-nANSWERA-nAnnuity
B-nWholenLife
C-nTerm
D-nLimited-PaynLife

6) Which nofnthenfollowingnindividual npolicynconversionsnisnusuallynpermittednwithoutnanyn
evidencenof ninsurability?n-nANSWERA-nConversion ntonanlower-premiumnplan
B-nConversion nfromnanWholenLifenpolicyntonanTermnpolicy

,C-nConversion nfromnanTermnpolicyntonanWholenLifenpolicy
D-nConversion ntonanlargernamountnof ninsurance

7) Which nof nthenfollowingnisnNOTncorrectnregardingnOrdinarynWholenLifenpolicies?n-
nANSWERA-nThenpremiumsnpaymentsnarenowednannuallynuntilnyou ndienornreach nagen100

B-nThencash nvaluengrowsnmorenquicklynin nthenbeginningnyearsnof nthenpolicy
C-nCoveragenlastsnfornyournown nlife
D-nOrdinarynWholenLifenisnantypenof npermanentninsurance

8) Whichnof nthenfollowingnstatementsnisntruenaboutnthenpremiumnpaymentnschedulenfornan
WholenLifenpolicy?n-nANSWERA-
nPremiumsnarenpayablenfornandesignated nperiodnof ntimenonly,nafternwhich ncoveragenisnnonl

ongernprovided

B-
nPremiumsnarenpayable nuntilntheninsured'snretirementnonly,nafternwhichncoverage nisncontinu

ednautomaticallynuntil ntheninsured'sndeath

C-
nOnenpremium,nin nthenamountnof ntheninsured'snchoice,nisnpayable natnthentimenofnapplication,

nandnthenbalance nofnthenpremiumsnisndeducted nfromnthenfacenamountnofnthenpolicynatnthentim

enof ntheninsured'sndeath

D-
nPremiumsnarenpayable nthroughoutntheninsured'snlifetime,nandncoverage ncontinuesnuntil nth

eninsured'sndeath

9) Anlifeninsurancenpolicynthatncoversntwonparties,nbutnonlynpaysnwhennthenlastnpartyndiesni
snknown nas:n-nANSWERA-nJointnLife
B-nContingentnLife
C-nOtherninsurednLife
D-nSurvivorshipnLife

10) Which nofnthenfollowingncontractsnrequiresnthatnanseriesnofnbenefitnpaymentsnbenmadena
tnspecifiednintervals?n-nANSWERA-n20-PaynLife
B-nModifiednWholenLife
C-nAnnuity
D-nOrdinarynWholenLife

11) If nanclientnwantsncashnvaluenlifeninsurancenwith nanflexiblenpremiumnandnannadjustablend
eath nbenefitnthatnwill nallow nthenpolicynownernanchoicenofnvariousncashnvalueninvestmentnop
tions,nhenshouldnbuy:n-nANSWERA-nVariablenLife
B-nUniversal nLife
C-nAdjustablenLife
D-nVariable/Universal nLife

12) If nanperson nwantsntoninvestnanlumpnsumninnannannuitynthatnmaynappreciatenalongnwith n
marketnandneconomicnconditions,ntheynshouldnbuyna:n-nANSWERA-
nFlexible npremiumnAnnuity

B-nFixednAnnuity

,C-nDeferrednAnnuity
D-nVariablenAnnuity

13) You nhavenanclientnthatnisnanreal nestatenagent.nWhichnofnthenfollowingntypesnofnp
ermanentnprotection nisnbestnfornthisntypenof nclient?n-nANSWERA-nVariablenlife
B-nUniversal nlife
C-nSurvivorshipnlife
D-nAdjustablenlife

14) In norderntonsell nvariablenlifeninsurancenyounmustnbenregisterednwithnwhichnofnthenf
ollowing?n-nANSWERA-nThenSEC
B-nThenState
C-nThenNYSE
D-nThenNASD

15) Which nofnthenfollowingnisnan nexamplenof nanLimited-PaynLifenpolicy:n-nANSWERA-
nTraditional nWholenLife

B-nEndowmentnatn65
C-n10nyearnRenewablenTermnLife
D-n20-PaynLife

16) An ninsurancenproducernsellingnanVariablenAnnuitynwhosencashnvaluendependsnon nthen
performancenof nannunderlyingninvestmentnaccountnmustnbenregisterednwith:n-nANSWERA-
nThenNational nAssociation nof nInsurance nCommissioners

B-nThenNational nAssociation nof nLifenUnderwriters
C-nThenCharterednLifenUnderwriters
D-nThenFinancial nIndustrynRegulatorynAuthorityn(FINRA,nformerlynthenNASD)

17) Anbusinessnownernwithnanfluctuatingnincomenwhonwantsnanlifeninsurancenpolicynthatnc
an nbenchangedntonsuitneconomicnconditionsnshouldnbuy:n-nANSWERA-nVariablenLife
B-nModifiednWholenLife
C-nAdjustablenLife
D-nInterest-sensitivenWholenLife

18) An nAnnuitynisndesignedntonprovidenwhich nof nthenfollowingnfinancial nfeatures?

I. Thenliquidation nof nprincipal nandninterest
II. Favorablentaxntreatment
III. Thencreation nof nan nestaten-nANSWERA-nI,nII,nandnIII
B-nInandnII
C-nInandnIII
D-nIInandnIII

19) Which nofnthenfollowingnstatementsnaboutnanRenewablenTermnpolicynisntrue?n-
nANSWERA-nItnisnrenewable natnthenoption nof ntheninsurance ncompany

B-nItnisnrenewablenatnthenoption nof ntheninsured

, C-nItnisnrenewablenatnthenoption nof ntheninsurancencompany,nwith nproof nof ninsurability
D-nItnisnrenewablenatnthenoption nof ntheninsured,nwith nproof nof ninsurability

20) MostnTermnLifeninsurance:n-nANSWERA-
nIsnconvertible ntonpermanentnWholenLifenwithoutnanphysical nexam

B-nHasnanguaranteedncash nvalue
C-nIsnrenewablenwith nevidencenof ninsurability
D-nIsnrenewablentonagen100

21) Anlifeninsurancenpolicynwhosencashnvaluenwillnfluctuatendependingnupon nthen
performancenof nanseparatenaccountnis:n-nANSWERA-nLimited-paynLife
B-nUniversal nLife
C-nOrdinarynLife
D-nVariablenLife

22) Anlifeninsurancenpolicynthatncombinesntermninsurancenprotection,nanflexiblenpremium,n
andncash nvaluenaccumulation nis:n-nANSWERA-nIncreasingnTermnLife
B-nVariable/Universal nLife
C-nUniversal nLife
D-nVariablenLife

23) Which nof nthenfollowingntypesnof ninsurancenpoliciesnwouldnprovidenthengreatestnamo
untnof nprotection nfornantemporarynperiodnduringnwhichnanninsurednwill nhavenlimitednfinan
cialnresources?n-nANSWERA-nTerm
B-nLimitednPaynpolicy
C-nWholenLife
D-nAnnuity

24) Atnagen30,nTomnMorrisnwishesntonpurchasenanWholenLifenpolicy.nHisnproducernexplains
nthatnhencan npaynfornthenpolicynin nseveral nways.nOnenmethodnisncalledn20-

PaynLife,nandnanother,nStraightnLife.nTomnwishesntonknow nwhichnplannwillnaccumulatencash
nvaluenatnanfasternrateninnthenearlynyearsnofnthenpolicy.nWhichnofnthenfollowing nwouldnbenthenp

roducer'snmostnappropriatenresponse?n-nANSWERA-n"20-
PaynLifenwill naccumulatencash nvaluenfaster."
B-n"Thenratenof ncash-
valuenaccumulation ndependsnon nthenprofitabilitynof ntheninsurancencompany."
C-n"StraightnLifenwill naccumulatencash nvaluenfaster."
D-n"Both nplansnwillnaccumulatencash nvaluenatnthensamenrate."

LIFEnSECTION n2n-nANSWERLIFEnSECTION n2

1) Which nof nthenfollowingnstatementsnaboutnthenReinstatementnprovision nisntrue?n-
nANSWERA-nItnprovidesnfornreinstatementnofnanpolicynregardlessnof ntheninsured'snhealth




B-
nItnrequiresnthenpolicynownerntonpay,nwith ninterest,nall npremiumsnthatnareninnarrearsnin nordernf

ornthenpolicyntonbenreinstated