PEARSON VUE TEXAS STATE LIFE AND HEALTH
INSURANCE EXAM 2026 FINAL PAPER
◉ Which provision is NOT a requirement in a group life policy?
Answer: Accidental
◉ If its employees share in the cost of insurance, what type of group
life insurance plan would a corporation have? Answer: Contributory
◉ W is a 39-year old female who just purchased an annuity to
provide income for life starting at age 60. All of these would be
acceptable annuity choices EXCEPT a(n)
Flexible Premium Deferred annuity
Variable annuity
Immediate annuity
Straight Life annuity Answer: Immediate annuity
◉ T has an annuity that guarantees an income payment for the rest
of his life. The contract also guarantees that if T dies before receiving
payments for 20 years, the remaining payments will be paid to his
son for the balance of the 20 years. What type of annuity is this?
Answer: Life Annuity with Period Certain
,◉ Which of these is an element of a Single Premium annuity?
Answer: Lump-sum payment
◉ The annuity that represents the largest possible monthly payment
to an individual annuitant is a(n) Answer: Straight Life annuity
◉ Which of these statements concerning an Individual Straight Life
annuity is accurate? Answer: Payments are made to an annuitant for
life
◉ What is considered to be a characteristic of an immediate
annuity? Answer: Benefit payments start within one payment period
of purchase
◉ Which type of contract liquidates an estate through recurrent
payments? Answer: Annuity
◉ P, age 50, purchased an annuity that P will fund with $500/ month
for 15 years. The annuity will then pay P retirement payments after
the 15 years. Which type of annuity did P purchase? Answer:
Deferred
◉ Which of the following annuities pays benefits based on units
rather than specific dollar amounts? Answer: A Variable annuity
, ◉ P is a forty year old woman and would like to purchase an annuity
that will provide a lifetime income stream beginning at age sixty.
Which of the following did she NOT buy? Answer: An immediate
annuity
◉ One becomes eligible for Social Security disability benefits after
having been disabled for Answer: 5 months
◉ What is Old Age and Survivors Health Insurance (OASDHI) also
known as? Answer: Social Security
◉ All of these are considered to be a benefit under Social Security
EXCEPT for Answer: unemployment
◉ Q is severely injured in an automobile accident and becomes
totally disabled. How many months must Q be disabled before being
able to apply for Social Security disability benefits? Answer: 5
◉ What determines the full amount of Social Security retirement
benefits a qualified individual is entitled to receive? Answer:
Primary Insurance Amount (PIA)
◉ Which of these retirement plans can be started by an employee,
even if another plan is in existence? Answer: Individual Retirement
Account (IRA)
INSURANCE EXAM 2026 FINAL PAPER
◉ Which provision is NOT a requirement in a group life policy?
Answer: Accidental
◉ If its employees share in the cost of insurance, what type of group
life insurance plan would a corporation have? Answer: Contributory
◉ W is a 39-year old female who just purchased an annuity to
provide income for life starting at age 60. All of these would be
acceptable annuity choices EXCEPT a(n)
Flexible Premium Deferred annuity
Variable annuity
Immediate annuity
Straight Life annuity Answer: Immediate annuity
◉ T has an annuity that guarantees an income payment for the rest
of his life. The contract also guarantees that if T dies before receiving
payments for 20 years, the remaining payments will be paid to his
son for the balance of the 20 years. What type of annuity is this?
Answer: Life Annuity with Period Certain
,◉ Which of these is an element of a Single Premium annuity?
Answer: Lump-sum payment
◉ The annuity that represents the largest possible monthly payment
to an individual annuitant is a(n) Answer: Straight Life annuity
◉ Which of these statements concerning an Individual Straight Life
annuity is accurate? Answer: Payments are made to an annuitant for
life
◉ What is considered to be a characteristic of an immediate
annuity? Answer: Benefit payments start within one payment period
of purchase
◉ Which type of contract liquidates an estate through recurrent
payments? Answer: Annuity
◉ P, age 50, purchased an annuity that P will fund with $500/ month
for 15 years. The annuity will then pay P retirement payments after
the 15 years. Which type of annuity did P purchase? Answer:
Deferred
◉ Which of the following annuities pays benefits based on units
rather than specific dollar amounts? Answer: A Variable annuity
, ◉ P is a forty year old woman and would like to purchase an annuity
that will provide a lifetime income stream beginning at age sixty.
Which of the following did she NOT buy? Answer: An immediate
annuity
◉ One becomes eligible for Social Security disability benefits after
having been disabled for Answer: 5 months
◉ What is Old Age and Survivors Health Insurance (OASDHI) also
known as? Answer: Social Security
◉ All of these are considered to be a benefit under Social Security
EXCEPT for Answer: unemployment
◉ Q is severely injured in an automobile accident and becomes
totally disabled. How many months must Q be disabled before being
able to apply for Social Security disability benefits? Answer: 5
◉ What determines the full amount of Social Security retirement
benefits a qualified individual is entitled to receive? Answer:
Primary Insurance Amount (PIA)
◉ Which of these retirement plans can be started by an employee,
even if another plan is in existence? Answer: Individual Retirement
Account (IRA)
