Texas Life, Accident and Health Agent Exam, Life: Retirement and Other Insurance Concepts: all 19 questions

All questions from the Life: Retirement and Other Insurance Concepts section for Texas Life, Accident and Health Agent Exam, each with the correct answer.

4001Third-party ownership of a life insurance policy means that
4002A life settlement is a transaction in which
4003In a contributory group life plan,
4004In a noncontributory group life plan, the employer pays the entire premium, and
4006A qualified retirement plan is one that
4007Which of these is an example of a nonqualified plan?
4008Key person life insurance is purchased by a business to
4009A buy-sell agreement funded by life insurance is intended to
4010In a cross purchase buy-sell arrangement among three partners,
4011The human life value approach to determining life insurance needs is based on
4012The needs approach to life insurance planning adds up
4013Which Social Security benefit is paid to a surviving spouse caring for a child under age 16?
4014The period when a surviving spouse receives no Social Security survivor benefit after the children reach the stated age until the spouse reaches age 60 is called the
4015Life insurance death benefits paid to a named beneficiary in a lump sum are generally
4016Premiums paid for an individual life insurance policy by the owner are generally
4017The premium for group term life insurance provided by an employer is
4018Which of these is a Modified Endowment Contract rule for withdrawals and loans?
4019Under a non-MEC life policy, a withdrawal up to the owner's basis is
4020Investment growth in the cash value of a life insurance policy is generally

Texas Life, Accident and Health Agent Exam, Life: Retirement and Other Insurance Concepts: all 19 questions

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