Texas Life and Health Insurance Exam Questions and Answers (Verified Solutions)

Texas Life and Health Insurance Exam Questions and Answers (Verified Solutions)
Question : An annuity promises that, if the annuitant dies
before receiving payments equal to the correct value, the
payments will be continued to a beneficiary until an amount
equal to the contract value has been paid. This type of annuity
is called
An installment Refund annuity
A Straight Life annuity
A Cash Refund annuity
A Joint Life annuity
CORRECT ANSWER: An installment Refund annuity
Question : One becomes eligible for Social Security disability
benefits after having been disabled for
3 months
5 months
6 months
12 months

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