Texas Life, Accident and Health Agent Exam, Life: Riders, Provisions, Options and Exclusions: all 36 questions

All questions from the Life: Riders, Provisions, Options and Exclusions section for Texas Life, Accident and Health Agent Exam, each with the correct answer.

2001A waiver of premium rider on a life policy provides that
2002A guaranteed insurability rider allows the insured to
2003A payor benefit rider is most often attached to a policy on
2004An accidental death benefit rider pays the additional amount if
2005Accidental death and dismemberment (AD&D) coverage pays the principal sum for
2006A cost-of-living rider on a life insurance policy provides
2007An 'other insureds' rider is used to
2008A long-term care rider on a life policy allows the owner to
2009The entire contract provision of a life policy states that the
2010The free look provision gives the policyowner
2011The grace period in a life policy allows
2012The automatic premium loan provision
2013Premium payment modes refer to
2014Reinstatement of a lapsed life policy usually requires
2015A policy loan from a whole life policy
2016Which nonforfeiture option provides a paid-up policy of the same type as the original, with a reduced face amount?
2017Under the extended term nonforfeiture option, the policy
2018Which dividend option uses dividends to buy small amounts of fully paid-up additional insurance?
2019A policyowner who chooses to leave dividends with the insurer to earn interest has selected
2020Dividends on a participating whole life policy are generally treated for tax purposes as
2021The incontestability clause in an individual life policy in Texas generally prevents the insurer from contesting the policy on grounds of misstatement after
2022An insured dies in the second month after a life policy is issued. The insurer finds a material misstatement about the insured's health in the application. The insurer
2023An absolute assignment of a life policy
2024A collateral assignment is commonly used
2026If the insured's age was misstated on the application, the life insurer will usually
2027Which settlement option pays a fixed sum for a fixed number of years until the proceeds and interest are exhausted?
2028In the interest only settlement option, the beneficiary
2030Life insurance policies commonly exclude losses from war when
2031An aviation exclusion in a life policy generally applies to
2032A dangerous occupation exclusion or surcharge might apply to
2033A primary beneficiary and a contingent beneficiary differ in that the contingent beneficiary
2034An irrevocable beneficiary designation means that the
2035A common disaster (simultaneous death) provision is intended to
2036Naming a minor child directly as beneficiary can create problems because
2037Designating a beneficiary by class (for example, 'my children') means
2038Premium payment for a 'flexible' premium policy means that

Texas Life, Accident and Health Agent Exam, Life: Riders, Provisions, Options and Exclusions: all 36 questions

More topics