Pearson Vue Texas State Life and Health
Insurance Exam (Latest ) Tested
Questions with Revised Correct Answers, (A+
Guarantee)
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Terms in this set (100)
P wants to name her B
husband as the
beneficiary of her life
policy. However, she
wishes to retain all of the
rights of ownership. P
should have her husband
named as the:
a: irrevocable beneficiary
b: revocable beneficiary
c: secondary beneficiary
A contract that has as its D
basic function the
systematic liquidation of
accumulated assets
through periodic
payments is called an:
A. indemnity contract
B. investment contract
C. endowment
D. annuity
,An insurance producer B
takes an application for a
life insurance policy but
does not collect the initial
premium. On delivery of
the policy to the
proposed insured, the
producer must collect the
initial premium and which
of the following?
A. A copy of the MIB
report
B. The insured's signed
statement of continued
good health
C. A copy of the
conditional receipt
D. A copy of the
temporary insurance
agreement that covered
the period between the
application date and the
delivery date.
An employer can deduct B
premium payments as an
ordinary business expense
for which of the following
life coverages?
A. Buy and Sell
Agreements
B. Group
C. Key Employee
D. Joint Life, if the business
is named as the
beneficiary
,A producer takes D
applications from identical
twins who want to buy the
same type of policy in the
same amount. The insurer
issues the policies as
applied for, but charges a
25 percent higher
premium for one of the
policies. The difference in
premiums is probably due
to which of the following
factors?
A. Incontestability
B. Insurable interest
C. Consideration
D. Risk classification
In the event of an insured's A
death, which of the
following provides an
income for the family
during a designated
period of time followed
by a lump sum death
benefit?
A. Family Income rider
B. Survivorship Life policy
C. Joint Life policy
D. Modified Life policy
, Which of the following B
statements is CORRECT
about Group Life
conversion privileges?
A. Under the COBRA law,
a departing employee
may elect to remain a
member of the Group Life
plan for a limited period
of time.
B. Death during the
conversion period is
covered even if the
departing employee
chose not to convert the
policy.
C. A departing employee
must individually pay the
premium if the employee
elects to be covered
during the conversion
period.
D .If a departing
employee elects to
convert a life insurance
policy, the insurer must
offer Term insurance as
one of the choices.
Insurance Exam (Latest ) Tested
Questions with Revised Correct Answers, (A+
Guarantee)
Save
Terms in this set (100)
P wants to name her B
husband as the
beneficiary of her life
policy. However, she
wishes to retain all of the
rights of ownership. P
should have her husband
named as the:
a: irrevocable beneficiary
b: revocable beneficiary
c: secondary beneficiary
A contract that has as its D
basic function the
systematic liquidation of
accumulated assets
through periodic
payments is called an:
A. indemnity contract
B. investment contract
C. endowment
D. annuity
,An insurance producer B
takes an application for a
life insurance policy but
does not collect the initial
premium. On delivery of
the policy to the
proposed insured, the
producer must collect the
initial premium and which
of the following?
A. A copy of the MIB
report
B. The insured's signed
statement of continued
good health
C. A copy of the
conditional receipt
D. A copy of the
temporary insurance
agreement that covered
the period between the
application date and the
delivery date.
An employer can deduct B
premium payments as an
ordinary business expense
for which of the following
life coverages?
A. Buy and Sell
Agreements
B. Group
C. Key Employee
D. Joint Life, if the business
is named as the
beneficiary
,A producer takes D
applications from identical
twins who want to buy the
same type of policy in the
same amount. The insurer
issues the policies as
applied for, but charges a
25 percent higher
premium for one of the
policies. The difference in
premiums is probably due
to which of the following
factors?
A. Incontestability
B. Insurable interest
C. Consideration
D. Risk classification
In the event of an insured's A
death, which of the
following provides an
income for the family
during a designated
period of time followed
by a lump sum death
benefit?
A. Family Income rider
B. Survivorship Life policy
C. Joint Life policy
D. Modified Life policy
, Which of the following B
statements is CORRECT
about Group Life
conversion privileges?
A. Under the COBRA law,
a departing employee
may elect to remain a
member of the Group Life
plan for a limited period
of time.
B. Death during the
conversion period is
covered even if the
departing employee
chose not to convert the
policy.
C. A departing employee
must individually pay the
premium if the employee
elects to be covered
during the conversion
period.
D .If a departing
employee elects to
convert a life insurance
policy, the insurer must
offer Term insurance as
one of the choices.
