Texas Life and Health Insurance Exam

Texas Life and Health Insurance Exam
Which of these characteristics is consistent with a Straight Life Policy? -
ANSWER Premiums are payable for as long as there is insurance coverage in force
Which of the following are Equity Indexed annuities typically invested in? -
ANSWER S&P 500
Which of the following does Social Security NOT provide benefits for? -
ANSWER Dismemberment
An example of false advertising would be - ANSWER An insurer exaggerating its
dividends in a magazine advertisement
A 45 year-old woman won $100,000 in a scratch-off lottery ticket. She purchased
an annuity that will pay her $1500 per month beginning at age 60. Which of these
annuities did this woman purchase? - ANSWER Deferred Fixed Annuity
Which of the following types of organizations are prepaid group health plans,
where members pay in advance for the services of participating physicians and
hospitals that have agreements? - ANSWER HMO
Which action will a life insurance company most likely take if an insured dies and
it is discovered that the insured's age was misstated on the application? - ANSWER
Pay an amount the premiums would have purchased at the insured's actual age