insurance test Questions and Answers

Pearson vue Texas life and health insurance test Questions and Answers Guide (Guaranteed Succes) Latest 2025 Who is obligated to make sure all questions are answered and all necessary signatures are collected on the application? - Correct Answers ✅The Agent An underwriter is reviewing an applicant with an extensive medical history. Which of the following would give the underwriter a better understanding of how the applicant has been treated for various illnesses? - Correct Answers ✅Attending physician's statement Which of the following would NOT be eligible for coverage under key person? - Correct Answers ✅The owner of the shop With Adjustable Life, the owner can change all of the following EXCEPT - Correct Answers ✅The insured Which of the following is provided by skilled medical personnel to those who need occasional medical assistance or rehabilitative care? - Correct Answers ✅Intermediate care Partial disability usually pays what percentage of the total disability benefit? - Correct Answers ✅50% 1 / 4

Pearson vue Texas life and health insurance test Questions and Answers Guide (Guaranteed Succes) Latest 2025 Which of the following long-term care benefits would provide coverage for care for functionally impaired adults on a less than 24-hour basis?

• Residential care
• Assisted living
• Home health care
• Adult day care - Correct Answers ✅D. Adult day care

An insured's long-tern care policy is scheduled to pay fixed amount of coverage of $120 per day. The long-term care facility only charged $100 per day. How much will the insurance company pay?

• 20% of the total cost
• $120 a day
• $100 a day
• 80% of the total cost - Correct Answers ✅B. $120 a day

In comparison to a policy that uses the accidental means definition, a policy that uses the accidental bodily injury definition would provide coverage that is

• More limited in duration
• Broader in duration
• Broder in general 2 / 4

Pearson vue Texas life and health insurance test Questions and Answers Guide (Guaranteed Succes) Latest 2025

• More limited in general - Correct Answers ✅C. Broader

in general An individual has been diagnosed with Alzheimer's disease.He is insured under a life insurance policy with the accelerated benefits rider. Which of the following is true regarding taxation of the accelerated benefits?

• The entire living benefits is considered taxable income
• A portion of the benefits up to a limit is tax-free; the rest is

taxable income

• Principle is tax free, but interest is taxed
• The entire benefits will be received tax free - Correct

Answers ✅B. B. A portion of the benefits up to a limit is tax- free; the rest is taxable income All of the following are true of an annuity owner EXCEPT

• The owner has the right to name the beneficiary
• The owner is the party who may surrender the annuity
• The owner must be the party to receive benefits
• The owner pays the premiums on the annuity - Correct

Answers ✅C. The owner must be the party to receive benefits How is emergency care covered for a member of an HMO? 3 / 4

Pearson vue Texas life and health insurance test Questions and Answers Guide (Guaranteed Succes) Latest 2025

• An HMO emergency specialist will cover the patient
• A member of an HMO can receive care in or out of the HMO

service area, but care is preferred in the service area

• A member of an HMO may receive care at any emergency

facility, at the same cost as if in his or her own service area

• HMOs have salaried member physicians, but they do not

cover emergency care - Correct Answers ✅B. A member of an HMO can receive care in or out of the HMO service area, but care is preferred in the service area Death benefits payable to a beneficiary under a life insurance policy are generally

• Subject to income taxation by the federal government
• Exempt from income taxation if under $10,000
• Exempt from income taxation if over $10,000
• Not subject to income taxation by the federal government
• Correct Answers ✅D. Not subject to income taxation by

the federal government Which of the following best describes the aleatory nature of an insurance contract?

• Only one of the parties being legally bound by the contract
• Ambiguities are interpreted in favor of the insured
• Policies are submitted to the insurer on a take-it-or-leave-it

basis

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