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Texas Life and Health Insurance Exam Preparation, Exams of Personal Health

A comprehensive overview of key topics and concepts related to texas life and health insurance. It covers a wide range of subjects, including viatical settlements, group life insurance policies, credit life insurance, and insurance policy provisions. Structured in a question-and-answer format, with detailed explanations for each question. It is designed to help individuals prepare for the texas life and health insurance exam by providing them with a thorough understanding of the relevant laws, regulations, and industry practices. A variety of topics that are essential for anyone seeking to work in the life and health insurance industry in texas, making it a valuable resource for both aspiring and experienced professionals.

Typology: Exams

2024/2025

Available from 09/29/2024

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Texas Life and Health Insurance Latest
Version with A+ Answers
1. A man had been diagnosed with a form of leukemia that is
associated with a high mortality rate. His oncologist has given
him approximately six months to live. The man is already
swamped with debt and realizes that his financial state will
worsen even more with his upcoming medical expenses.
What option could he utilize right now? - ✔✔Viatical
Settlement
2. A women has a life policy in force for $300,000. She is
terminally ill. She wants to get some people who said they
could advance her $100,000 is she would sign ownership
over them. - ✔✔She probably met with a Viatical Settlement
Company.
3. All group life policies must include a grace period lasting at
least - ✔✔31 days
4. All of the following are mandatory life insurance policy
provisions EXCEPT - ✔✔Policy backdating.
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Texas Life and Health Insurance Latest

Version with A+ Answers

  1. A man had been diagnosed with a form of leukemia that is associated with a high mortality rate. His oncologist has given him approximately six months to live. The man is already swamped with debt and realizes that his financial state will worsen even more with his upcoming medical expenses. What option could he utilize right now? - ✔✔Viatical Settlement
  2. A women has a life policy in force for $300,000. She is terminally ill. She wants to get some people who said they could advance her $100,000 is she would sign ownership over them. - ✔✔She probably met with a Viatical Settlement Company.
  3. All group life policies must include a grace period lasting at least - ✔✔31 days
  4. All of the following are mandatory life insurance policy provisions EXCEPT - ✔✔Policy backdating.
  1. All of the following statements are components of a Credit Life program EXCEPT - ✔✔Benefits are paid to the borrower's beneficiary.
  2. An advertisement must accurately represent which of the following? - ✔✔The insurer's assets, The insurer's corporate structure, and The insurer's financial standing
  3. An insured in a group policy has misstated his age age on the insurance application. As a result, the insurer will most likely
    • ✔✔Adjust the premium.
  4. Credit Life insurance - ✔✔Insures the life of a debtor.
  5. If a claimant is to bring a recovery action against an insurance company for a loss claimed under a policy, the action must be brought - ✔✔Within 2 years.
  6. The type of insurance sold to a debtor and designed to pay the amount due on a loan if the debtor dies before the loan is replied is called - ✔✔Credit life.