7/12/25, 11:50 AM Texas General Lines - Life, accident and health insurance PRACTICE EXAM 2025 UPDATE!! Flashcards | Quizlet
Texas General Lines - Life, accident and health
insurance PRACTICE EXAM 2025 UPDATE!!
Save
Terms in this set (343)
LIFE SECTION 1 LIFE SECTION 1
1) Sandra Timms, age 27, is A- $50,000 Whole Life policy
advised by her producer B- $50,000 Level Term policy for 20 years
to purchase Life insurance C- $50,000 20 Pay Life policy
to cover a 20-year- D- $50,000 Decreasing Term policy for 20 years
amortized $50,000
business-improvement
loan. Which of the
following plans would
adequately protect Ms.
Timms at the minimum
premium outlay?
2) A 45-year old customer A- Deferred Annuity
who is seeking to B- Equity Indexed Annuity
supplement his retirement C- Variable Annuity
income at age 65 would D- Immediate Annuity
not buy a:
https://quizlet.com/1059834025/texas-general-lines-life-accident-and-health-insurance-practice-exam-2025-update-flash-cards/?new 1/71
,7/12/25, 11:50 AM Texas General Lines - Life, accident and health insurance PRACTICE EXAM 2025 UPDATE!! Flashcards | Quizlet
3) John Livingston owns a A- 60
30-Pay Life policy that he B- 70
purchased at the age of C- 100
30. The cash value will D- 30
equal the face amount of
the policy when he
reaches the age of:
A- Universal life
4) Which of the following
B- Whole Life
is an example of a Limited-
C- Life Paid-Up at Age 65
Pay Life policy?
D- Renewable Term to Age 70
5) Which of the following A- Annuity
policies provides the B- Whole Life
greatest amount of C- Term
protection for an insured's D- Limited-Pay Life
premium dollar as well as
some cash accumulation?
A- Conversion to a lower-premium plan
6) Which of the following
B- Conversion from a Whole Life policy to a Term
individual policy
policy
conversions is usually
C- Conversion from a Term policy to a Whole Life
permitted without any
policy
evidence of insurability?
D- Conversion to a larger amount of insurance
A- The premiums payments are owed annually until
you die or reach age 100
7) Which of the following
B- The cash value grows more quickly in the
is NOT correct regarding
beginning years of the policy
Ordinary Whole Life
C- Coverage lasts for your own life
policies?
D- Ordinary Whole Life is a type of permanent
insurance
https://quizlet.com/1059834025/texas-general-lines-life-accident-and-health-insurance-practice-exam-2025-update-flash-cards/?new 2/71
,7/12/25, 11:50 AM Texas General Lines - Life, accident and health insurance PRACTICE EXAM 2025 UPDATE!! Flashcards | Quizlet
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
8) Which of the following until the insured's death
statements is true about
the premium payment C- One premium, in the amount of the insured's
schedule for a Whole Life choice, is payable at the time of application, and the
policy? 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
9) A life insurance policy A- Joint Life
that covers two parties, B- Contingent Life
but only pays when the C- Other insured Life
last party dies is known as: D- Survivorship Life
10) Which of the following A- 20-Pay Life
contracts requires that a B- Modified Whole Life
series of benefit payments C- Annuity
be made at specified D- Ordinary Whole Life
intervals?
11) If a client wants cash A- Variable Life
value life insurance with a B- Universal Life
flexible premium and an C- Adjustable Life
adjustable death benefit D- Variable/Universal Life
that will allow the policy
owner a choice of various
cash value investment
options, he should buy:
https://quizlet.com/1059834025/texas-general-lines-life-accident-and-health-insurance-practice-exam-2025-update-flash-cards/?new 3/71
, 7/12/25, 11:50 AM Texas General Lines - Life, accident and health insurance PRACTICE EXAM 2025 UPDATE!! Flashcards | Quizlet
12) If a person wants to A- Flexible premium Annuity
invest a lump sum in an B- Fixed Annuity
annuity that may C- Deferred Annuity
appreciate along with D- Variable Annuity
market and economic
conditions, they should
buy a:
13) You have a client that is A- Variable life
a real estate agent. Which B- Universal life
of the following types of C- Survivorship life
permanent protection is D- Adjustable life
best for this type of client?
14) In order to sell variable A- The SEC
life insurance you must be B- The State
registered with which of C- The NYSE
the following? D- The NASD
A- Traditional Whole Life
15) Which of the following
B- Endowment at 65
is an example of a Limited-
C- 10 year Renewable Term Life
Pay Life policy:
D- 20-Pay Life
16) An insurance producer A- The National Association of Insurance
selling a Variable Annuity Commissioners
whose cash value B- The National Association of Life Underwriters
depends on the C- The Chartered Life Underwriters
performance of an D- The Financial Industry Regulatory Authority (FINRA,
underlying investment formerly the NASD)
account must be
registered with:
17) A business owner with A- Variable Life
a fluctuating income who B- Modified Whole Life
wants a life insurance C- Adjustable Life
policy that can be D- Interest-sensitive Whole Life
changed to suit economic
conditions should buy:
https://quizlet.com/1059834025/texas-general-lines-life-accident-and-health-insurance-practice-exam-2025-update-flash-cards/?new 4/71
Texas General Lines - Life, accident and health
insurance PRACTICE EXAM 2025 UPDATE!!
Save
Terms in this set (343)
LIFE SECTION 1 LIFE SECTION 1
1) Sandra Timms, age 27, is A- $50,000 Whole Life policy
advised by her producer B- $50,000 Level Term policy for 20 years
to purchase Life insurance C- $50,000 20 Pay Life policy
to cover a 20-year- D- $50,000 Decreasing Term policy for 20 years
amortized $50,000
business-improvement
loan. Which of the
following plans would
adequately protect Ms.
Timms at the minimum
premium outlay?
2) A 45-year old customer A- Deferred Annuity
who is seeking to B- Equity Indexed Annuity
supplement his retirement C- Variable Annuity
income at age 65 would D- Immediate Annuity
not buy a:
https://quizlet.com/1059834025/texas-general-lines-life-accident-and-health-insurance-practice-exam-2025-update-flash-cards/?new 1/71
,7/12/25, 11:50 AM Texas General Lines - Life, accident and health insurance PRACTICE EXAM 2025 UPDATE!! Flashcards | Quizlet
3) John Livingston owns a A- 60
30-Pay Life policy that he B- 70
purchased at the age of C- 100
30. The cash value will D- 30
equal the face amount of
the policy when he
reaches the age of:
A- Universal life
4) Which of the following
B- Whole Life
is an example of a Limited-
C- Life Paid-Up at Age 65
Pay Life policy?
D- Renewable Term to Age 70
5) Which of the following A- Annuity
policies provides the B- Whole Life
greatest amount of C- Term
protection for an insured's D- Limited-Pay Life
premium dollar as well as
some cash accumulation?
A- Conversion to a lower-premium plan
6) Which of the following
B- Conversion from a Whole Life policy to a Term
individual policy
policy
conversions is usually
C- Conversion from a Term policy to a Whole Life
permitted without any
policy
evidence of insurability?
D- Conversion to a larger amount of insurance
A- The premiums payments are owed annually until
you die or reach age 100
7) Which of the following
B- The cash value grows more quickly in the
is NOT correct regarding
beginning years of the policy
Ordinary Whole Life
C- Coverage lasts for your own life
policies?
D- Ordinary Whole Life is a type of permanent
insurance
https://quizlet.com/1059834025/texas-general-lines-life-accident-and-health-insurance-practice-exam-2025-update-flash-cards/?new 2/71
,7/12/25, 11:50 AM Texas General Lines - Life, accident and health insurance PRACTICE EXAM 2025 UPDATE!! Flashcards | Quizlet
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
8) Which of the following until the insured's death
statements is true about
the premium payment C- One premium, in the amount of the insured's
schedule for a Whole Life choice, is payable at the time of application, and the
policy? 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
9) A life insurance policy A- Joint Life
that covers two parties, B- Contingent Life
but only pays when the C- Other insured Life
last party dies is known as: D- Survivorship Life
10) Which of the following A- 20-Pay Life
contracts requires that a B- Modified Whole Life
series of benefit payments C- Annuity
be made at specified D- Ordinary Whole Life
intervals?
11) If a client wants cash A- Variable Life
value life insurance with a B- Universal Life
flexible premium and an C- Adjustable Life
adjustable death benefit D- Variable/Universal Life
that will allow the policy
owner a choice of various
cash value investment
options, he should buy:
https://quizlet.com/1059834025/texas-general-lines-life-accident-and-health-insurance-practice-exam-2025-update-flash-cards/?new 3/71
, 7/12/25, 11:50 AM Texas General Lines - Life, accident and health insurance PRACTICE EXAM 2025 UPDATE!! Flashcards | Quizlet
12) If a person wants to A- Flexible premium Annuity
invest a lump sum in an B- Fixed Annuity
annuity that may C- Deferred Annuity
appreciate along with D- Variable Annuity
market and economic
conditions, they should
buy a:
13) You have a client that is A- Variable life
a real estate agent. Which B- Universal life
of the following types of C- Survivorship life
permanent protection is D- Adjustable life
best for this type of client?
14) In order to sell variable A- The SEC
life insurance you must be B- The State
registered with which of C- The NYSE
the following? D- The NASD
A- Traditional Whole Life
15) Which of the following
B- Endowment at 65
is an example of a Limited-
C- 10 year Renewable Term Life
Pay Life policy:
D- 20-Pay Life
16) An insurance producer A- The National Association of Insurance
selling a Variable Annuity Commissioners
whose cash value B- The National Association of Life Underwriters
depends on the C- The Chartered Life Underwriters
performance of an D- The Financial Industry Regulatory Authority (FINRA,
underlying investment formerly the NASD)
account must be
registered with:
17) A business owner with A- Variable Life
a fluctuating income who B- Modified Whole Life
wants a life insurance C- Adjustable Life
policy that can be D- Interest-sensitive Whole Life
changed to suit economic
conditions should buy:
https://quizlet.com/1059834025/texas-general-lines-life-accident-and-health-insurance-practice-exam-2025-update-flash-cards/?new 4/71
