Question 1014 of 287 · Texas Life, Accident and Health Agent Exam

With a return of premium term policy, the insurer

Exactly one answer is correct.

Apays double the face amount if death occurs in the term, based on the company's internal procedures
Breturns the cash value at any time on request
Ccancels the policy if a claim is made
Drefunds the premiums paid if the insured outlives the term

Show solution

Correct answer to question 1014

D: refunds the premiums paid if the insured outlives the term

Explanation

Return of premium term charges a higher premium than regular term, and refunds premiums if the insured survives the level term. If death occurs during the term, the face amount is paid.

1015Annually renewable term insurance provides
1016A renewable term policy allows the insured to
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1018Which annuity pays benefits beginning one year or less after a single lump sum purchase?
1019An annuity owner is in the accumulation period. This means the
1020Which annuity option provides income for as long as the annuitant lives, with nothing paid to a beneficiary after death?

With a return of premium term policy, the insurer

Correct answer to question 1014

Explanation

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