Health Care > EXAM > Texas State Exam Simulator - Life and Health Insurance (200 Questions Practice Exam) Latest Updated  (All)

Texas State Exam Simulator - Life and Health Insurance (200 Questions Practice Exam) Latest Updated 2023

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Texas State Exam Simulator - Life and Health Insurance (200 Questions Practice Exam) Latest Updated 2023 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 - FINAL EXAM REVIEW - Texas life and health 2023/2024 100% Correct Answers VerifiedAn installment Refund annuity One becomes eligible for Social Security disability benefits after having been disabled for 3 months 5 months 6 months 12 months - FINAL EXAM REVIEW - Texas life and health 2023/2024 100% Correct Answers Verified5 months A potential client, age 40, would like to purchase a Whole Life policy that will accumulate cash value at a faster rate in the early years of the policy. Which of these statements made by the producer would be correct? Straight life accumulates faster than Limited-pay Life 20-Pay Life accumulates cash value faster than Straight Life Cash value accumulation of both 20-Pay Life and Straight Life depend on the insurer's financial rating 20-Pay Life and Straight Life accumulate cash value at the same rate - FINAL EXAM REVIEW - Texas life and health 2023/2024 100% Correct Answers Verified20-Pay Life accumulates cash value faster than Straight Life Who makes the legally enforceable promises in a unilateral insurance policy? Beneficiary Insurance company Insured Applicant - FINAL EXAM REVIEW - Texas life and health 2023/2024 100% Correct Answers VerifiedInsurance company [Show More]

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