Texas Life Insurance exam / Questions with 100% Correct Answers All
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Terms in this set (51)
#1. b)
In a survivorship life policy, Upon the last death
when does the
insurer pay the death benefit?
a)
If the insured survives to age 100
b)
Upon the last death
c)
Upon the first death
d)
Half at the first death, and half at
the
second death
,#3. d)
A father owns a life insurance The insured's premiums will be waived until she is 21
policy on his 15-year-old
daughter. The policy contains
the optional Payor Benefit
rider. If the
father becomes disabled, what
will happen to the life
insurance premiums?
a)
The premiums will become
tax deductible until the
insured's 18th birthday.
b)
Since it is the policyowner, and
not the
insured, who has become
disabled, the life insurance
policy will not be affected.
c)
The insured will have to pay
premiums for 6 months. If at the
end of this period the
father is still disabled, the
insured will be refunded the
premiums.
d)
The insured's premiums will be
waived until she is 21.
#7. a)
A rider attached to a life Other-insured rider.
insurance policy that
provides coverage on the
insured's family members is
called the
a)
Other-insured
rider. b)
Change of
insured rider. c)
Juvenile
rider. d)
, Payor rider.
#9. b)
Annually renewable term Increases annually.
policies provide a level death
benefit for a premium that
a)
Fluctuat
es. b)
Increases
annually. c)
Decreases
annually. d)
Remains level.
Questions and Correct Answers | Verified Answers | Just Released | Newest
Version
Terms in this set (51)
#1. b)
In a survivorship life policy, Upon the last death
when does the
insurer pay the death benefit?
a)
If the insured survives to age 100
b)
Upon the last death
c)
Upon the first death
d)
Half at the first death, and half at
the
second death
,#3. d)
A father owns a life insurance The insured's premiums will be waived until she is 21
policy on his 15-year-old
daughter. The policy contains
the optional Payor Benefit
rider. If the
father becomes disabled, what
will happen to the life
insurance premiums?
a)
The premiums will become
tax deductible until the
insured's 18th birthday.
b)
Since it is the policyowner, and
not the
insured, who has become
disabled, the life insurance
policy will not be affected.
c)
The insured will have to pay
premiums for 6 months. If at the
end of this period the
father is still disabled, the
insured will be refunded the
premiums.
d)
The insured's premiums will be
waived until she is 21.
#7. a)
A rider attached to a life Other-insured rider.
insurance policy that
provides coverage on the
insured's family members is
called the
a)
Other-insured
rider. b)
Change of
insured rider. c)
Juvenile
rider. d)
, Payor rider.
#9. b)
Annually renewable term Increases annually.
policies provide a level death
benefit for a premium that
a)
Fluctuat
es. b)
Increases
annually. c)
Decreases
annually. d)
Remains level.
