Pearson Vue Texas State Life and Health Insurance Exam
(Latest ) Tested Questions with Revised
Correct Answers, (A+ Guarantee)
Consist of 50 multichoices questions and answers
1. P wants to name her 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. Irrevocablebeneficiary
B.revocable beneficiary
C.secondary beneficiary
Answer... B
2. A contract that has as its basic function the systematic liquidation of
accumu-
lated assets through periodic payments is called an
A. indemnity
mailto:https://www.stuvia.com/user/Wisdoms
, contract
B.investment
contract
C.endowment
D.annuity
Answer... D
3. An insurance producer 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 follow- ing?
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
be- tween the application date and the delivery date.
Answer... B
4. An employer can deduct premium payments as an ordinary business
expense for which of the following life coverages?
mailto:https://www.stuvia.com/user/Wisdoms
, A. Buy and Sell
Agreements B.Group
C. Key Employee
D. Joint Life, if the business is named as the beneficiary
Answer... B
5. A producer takes 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
Answer... D
6. In the event of an insured's 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
(Latest ) Tested Questions with Revised
Correct Answers, (A+ Guarantee)
Consist of 50 multichoices questions and answers
1. P wants to name her 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. Irrevocablebeneficiary
B.revocable beneficiary
C.secondary beneficiary
Answer... B
2. A contract that has as its basic function the systematic liquidation of
accumu-
lated assets through periodic payments is called an
A. indemnity
mailto:https://www.stuvia.com/user/Wisdoms
, contract
B.investment
contract
C.endowment
D.annuity
Answer... D
3. An insurance producer 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 follow- ing?
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
be- tween the application date and the delivery date.
Answer... B
4. An employer can deduct premium payments as an ordinary business
expense for which of the following life coverages?
mailto:https://www.stuvia.com/user/Wisdoms
, A. Buy and Sell
Agreements B.Group
C. Key Employee
D. Joint Life, if the business is named as the beneficiary
Answer... B
5. A producer takes 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
Answer... D
6. In the event of an insured's 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
