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TEXAS LIFE AND HEALTH INSURANCE EXAM (2025)
Actual Qs and Ans - Expert-Verified Explanation -Guaranteed passing score -99 Questions and Answers
-Format: Multiple-choice / Flashcard
Question 1: Which rider provides coverage for a child under a parent's life insurance policy?
Answer:
Child term rider Question 2: Which of the following health insurance policy provisions specifies the health care services a policy will provide?
Answer:
Insuring clause Question 3: Which of the following provisions guarantees that premiums will be waived if a Juvenile Life policyowner becomes disabled?
Answer:
Payor clause
Question 4: Which statement about a whole life policy is true?
Answer:
Cash value may be borrowed against
Question 5: All of the following statements regarding group health insurance is true, EXCEPT:
Answer:
An individual policy is given to each member Question 6: Which type of provider is known for stressing preventative medical care and routine physical examinations?
Answer:
Health Maintenance Organizations (HMO's)
Question 7: Which of the following BEST describes a Hospital Indemnity policy?
Answer:
Coverage that pays a stated amount per day of a covered hospitalization Question 8: The premiums for continued health insurance coverage under COBRA are paid for by the
Answer:
employee Question 9: A(n) ________ annuity pays benefits based on units rather than stated dollar amounts.
Answer:
Variable Question 10: A policyowner may generate taxable income from which of the following Dividend Options?
Answer:
Accumulation at Interest Question 11: With Disability Income insurance, an insurance company may limit the monthly
benefit amount a prospective policy holder may obtain because of the insured's:
Answer:
gross income at the time of purchase
Question 12: According to the Time Payment of Claims provision, the insurer must pay Disability Income benefits no less frequently than which of the following options?
Answer:
Monthly Question 13: A physician opens up a new practice and qualifies for a $7,000/month Disability Income policy. What rider would the physician add if he wants the ability to increase his policy benefit as his practice and income grow?
Answer:
Guaranteed Insurability Option rider Question 14: M completes an application for life insurance but does not pay the initial premium.
All of these actions must occur before M's policy goes into effect, EXCEPT:
Answer:
free-look period has expired Question 15: The reason for a business having a Business Overhead Expense Disability Plan is
to cover:
Answer:
fixed business expenses Question 16: What is considered a valid reason for small businesses to insure the lives of its major shareholders?
Answer:
Fund a buy-sell agreement Question 17: Pre-hospitalization authorization is considered an example of:
Answer:
managed care
Question 18: What kind of premium does a Whole Life policy have?
Answer:
level
Question 19: S owns a life insurance policy with cash values that fluctuate according to the underlying investment performance of common stocks. Which of these policies does S own?
Answer:
Variable Whole Life
Question 20: What is the elimination period of an individual disability policy?
Answer:
Time period a disabled person must wait before benefits are paid Question 21: Which statement regarding third-party ownership of a life insurance policy is true?
Answer:
It is used extensively in estate-planning as well as business circumstances
Question 22: Which of these would be considered a Limited-Pay Life policy?
Answer:
Life Paid-Up at Age 70
Question 23: Which provision is NOT a requirement in a group life policy?
Answer:
Accidental
Question 24: Variable Life products require a producer to
Answer:
hold a Life Insurance license and a Securities license Question 25: A life insurance policy which ensures that the premium will be paid if the insured becomes disabled has what kind of rider attached?
Answer:
Waiver of Premium Question 26: Which of these Nonforfeiture Options continue a build-up of cash value?
Answer:
Reduced Paid-Up
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