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TX PRENEED FUNERAL EXAM
REVIEW 2025 BRAND NEW ACTUAL
EXAM WITH ANSWERS.
1. Defamation -correct answer -Act of harming or ruining
another's reputation. Publishing &/or making a false statement
about a competitor
2. how long an applicant have to wait to reapply for insurance if its
denied? -correct answer -minimum of 12 months
3. how long does an Agent have to report a fraudulent act to
avoid disciplinary action? -correct answer -within 30 days
4. Limited Pay Whole Life -correct answer -have level premiums
that are limited to a certain period(less than life). The period
can be of any duration. Ex: 20-pay life, pay premiums for 20
years and then you are fully covered until your 100.
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5. Limited Pay Whole Life -correct answer -Premium amount will
be more per Month for this límited pay policy
6. Single Premium whole life insurance -correct answer -provides
immediate protection and provides a Cash surrender value
from day, regardless of insured's age.
7. Interest Sensitive Whole Life Insurance -correct answer -if the
company's earning performance improves while the contract is
in force, the owner of the policy may pay lower premiums for
the same benefits.
8. Deferred whole life insurance -correct answer -has a lower
death benefit in the earlier years of the policy. As time passes,
the death benefit increases.
9. Lost of seller's permit -correct answer -if the seller fails to
provide evidence of premiums paid, keep all your receipts
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10. What backs Up the guarantees of a company's fixed
annuities? -correct answer -the assets in the general account
of an insurance company
11. tax deferral option -correct answer -annuities & life insurance
share this benefit as long as money remains in the contract
12. tax deferral option -correct answer -The interest earned
during the accumulation period of a deferred annuity has this
option too
13. Incontestable Clause -correct answer -the insurer cannot
contest the policy after it has been in force two years during the
insured's lifetime for any reason
14. Suicide Exclusion -correct answer -if insured commits
suicide within 2 years of the policy issue date, the death benefit
will not be paid (usually will refund premiums paid to benefitiary
15. Embalming -correct answer -treating with preservatives to
prevent decay. Its not required.
TX PRENEED FUNERAL EXAM
REVIEW 2025 BRAND NEW ACTUAL
EXAM WITH ANSWERS.
1. Defamation -correct answer -Act of harming or ruining
another's reputation. Publishing &/or making a false statement
about a competitor
2. how long an applicant have to wait to reapply for insurance if its
denied? -correct answer -minimum of 12 months
3. how long does an Agent have to report a fraudulent act to
avoid disciplinary action? -correct answer -within 30 days
4. Limited Pay Whole Life -correct answer -have level premiums
that are limited to a certain period(less than life). The period
can be of any duration. Ex: 20-pay life, pay premiums for 20
years and then you are fully covered until your 100.
, Page | 2
5. Limited Pay Whole Life -correct answer -Premium amount will
be more per Month for this límited pay policy
6. Single Premium whole life insurance -correct answer -provides
immediate protection and provides a Cash surrender value
from day, regardless of insured's age.
7. Interest Sensitive Whole Life Insurance -correct answer -if the
company's earning performance improves while the contract is
in force, the owner of the policy may pay lower premiums for
the same benefits.
8. Deferred whole life insurance -correct answer -has a lower
death benefit in the earlier years of the policy. As time passes,
the death benefit increases.
9. Lost of seller's permit -correct answer -if the seller fails to
provide evidence of premiums paid, keep all your receipts
, Page | 3
10. What backs Up the guarantees of a company's fixed
annuities? -correct answer -the assets in the general account
of an insurance company
11. tax deferral option -correct answer -annuities & life insurance
share this benefit as long as money remains in the contract
12. tax deferral option -correct answer -The interest earned
during the accumulation period of a deferred annuity has this
option too
13. Incontestable Clause -correct answer -the insurer cannot
contest the policy after it has been in force two years during the
insured's lifetime for any reason
14. Suicide Exclusion -correct answer -if insured commits
suicide within 2 years of the policy issue date, the death benefit
will not be paid (usually will refund premiums paid to benefitiary
15. Embalming -correct answer -treating with preservatives to
prevent decay. Its not required.
