TX GENERAL LINES LIFE, ACCIDENT AND

TX GENERAL LINES LIFE, ACCIDENT AND

HEALTH EXAM PREP Latest Update - Actual Exam 150 Questions and 100% Verified Correct Answers Guaranteed A+

A business offers a group disability income plan pays the premium. If an employee suffers a disabling injury, the benefits paid to the employee will be - CORRECT

ANSWER: Taxable income to the employee

A deferred annuities rider that lets the annuity owner commit only part of the annuity's funds providing guaranteed lifetime income, leaving the remainder available for withdrawal at the owner's discretion, is called a: - CORRECT ANSWER: Guaranteed income rider

A long-term care rider on a life insurance policy will pay benefits if the insured is diagnosed as chronically ill due to which of the following? - CORRECT ANSWER: Either a medical or cognitive (mental health) reason

A Medical Expense Policy covers the cost of health care services delivered according to

- CORRECT ANSWER: The plan or policy

A notice of claims tell the insurer that the insured - CORRECT ANSWER: Will make a claim and needs the necessary claims forms

A policyowner can access the cash value of many life insurance policies trough withdrawals, loans, or policy surrender. Which of the following describes the ability to

easy convert life insurance into cash - CORRECT ANSWER: liquidity

A producer who detect inconsistent that lead her to suspect the claimant is making a false claim for benefits is required to - CORRECT ANSWER: Report the suspicions to TDI within 30 days

A section 125 cafeteria plan may cover which of these expenses - CORRECT

ANSWER: Health insurance premiums

Abby, who life in New York she is a licensed life insurance agent , wants to apply fo a nonresident license in Texas. To do so, she must submit which of the following to TDI - CORRECT ANSWER: An aplicación, few and letter of certification from her home state

Adam is Medicare beneficiary and enrollment in his state's Medicare program. When he submits a claim for covered services to both, how will Medicare and Medicare pay the

claims - CORRECT ANSWER: Medicare will be the primary insurance, and Medicaid

will be the secondary insurer

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Because Medicare is the primary insurer, Medicaid is the secondary insurer

Advertisement for indeterminate premium whole life policies sold in Texas must

prominently set forth all the following terms EXCEPT - CORRECT ANSWER: The fact

the non guaranteed maximum premium can never be changed.

Because Advertisements for indeterminate premium life policies must display the fact that maximum premium in not guaranteed and may be changed.

After Todd was injured in a car crash, he received occupational theyto help him return to work. His disability income policy paid for this therapy because it had - CORRECT

ANSWER: A rehabilitation provision

Alice Owen a long-term Carr policy, Her return of premium option allows her to have a

portion of the premium - CORRECT ANSWER: Paid to her car estate or a named

beneficiary when she dies

A return of premium option in a LTC policy return a portion of the premium paid for the coverage to the insured dies. The amount of the returned premium depends on whether the insured used the policy's benefits and if so, to what extent.

All of the following statements about indexed life insurance are correct EXCEPT -

CORRECT ANSWER: Vaccinations

All of the following Statements about the fixed amount life insurance settlement option

are correct EXCEPT - CORRECT ANSWER: Payments must be made on a monthly

basis.

All of the following statements regarding a variable annuity's assumes interest rate(AIR) are correct EXCEPT - CORRECT ANSWER: if the actual return is greater than the AIR, payments will decrease

All the following are types of riders that are available with most types of life insurance

policies EXCEPT - CORRECT ANSWER: Guaranteed dividend rider

All the following regarding the " spendthrift clause" of life insurance policy are correct

EXCEPT - CORRECT ANSWER: The spendthrift clauses keeps benefits from claiming

any death benefits until the insurer checks their personal and business credit history

All the following statements about ordinary (or straight) whole life insurance are correct -

CORRECT ANSWER: The cash value remains level throughout the life of the policy

All the following statements about the taxation of annuities are correct EXEPT: -

CORRECT ANSWER: Qualified annuities are taxes no different than no qualified

annuities

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All the following statements regarding perils are hazards are correct EXCEPT -

CORRECT ANSWER: Smoking cigarettes is an example of peril

Because a peril is the event that insurance protects against. Smoking is a moral hazard that increases the chance of encountering the peril of death and illness

All the following statements regarding withdrawals from q universal life policy are correct

EXCEPT - CORRECT ANSWER: Policy loans are not permitted with universal life

insurance policies

Because. Policy loans are permitted with universal life policies as well as traditional permanent life policies. Universal life insurance policies almost permit partial surrenders.

All the Following uses for life insurance in a business represent a valid insurance

interest, EXCEPT - CORRECT ANSWER: Life insurance purchased on an important

customer to make up for the financial losses that might occur when that customer dies!

Amanda used a basic illustration to help Mark. a potencial cliente, de understand how the cash value of his life insurance policy would grow. Mark then agreed to buy the policy. Which of the following best describes Amanda's duties which respect to delivering a copy of the illustration used - CORRECT ANSWER: Amanda must deliver a signed copy ilustración to both Mark and the insurer

An agent commissions on Medicare supplement policies in ten first year CANNOT

exceed what percent of commissions in the second year - CORRECT ANSWER: 200

percent

An insurance incurs $7,000 in cover medical expenses. Her comprehensive major medical policy requires her to pay $500 of those espeses before the poly will pay a benefits based on the remaining $6.500. What kind of deductible does the insured

have? - CORRECT ANSWER: Flat deductible

An insurance producer tells a life insurance applicant that he has the authority to waive the medical exam that is normally required by the insurer with every application. The insurer may be required to accept the application without a medical exam due to the producers: - CORRECT ANSWER: Apparent authority

An insurance's record of complaints must include all of the following information

EXCEPT - CORRECT ANSWER: The commissions paid on policies for which

companies were received

An insured medical expense plan requires the insured to pay the medical car provider for each service rendered. The insurer then reimburses the insured. On what basis are

benefits paid - CORRECT ANSWER: Free-for-service

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