Texas Life Agent Exam Questions and Answers Guide (Guaranteed Succes) Latest 2025 Which of the following is NOT correct regarding Ordinary Whole Life policies? - Correct Answers ✅The cash value grows more quickly in the beginning years of the policy.A life insurance police that combines term insurance protection, a flexible premium, and cash value accumulation
is: - Correct Answers ✅Universal Life
Which of the following is an example of a Limited-Pay Life
policy: - Correct Answers ✅20-Pay Life
John Livingston owns a 30-Pay Life policy that he purchased at the age of 30. The cash value will equal the face amount of
the policy when he reaches the age of: - Correct Answers
✅100
Which of the following individual policy conversions is usually permitted without any evidence of insurability? - Correct Answers ✅Conversion from a term policy to a whole life whole life policy Which of the following statements is true about the premium amount schedule for a Whole Life policy? - Correct Answers ✅Premiums are payable throughout the insured's lifetime, and coverage continues until the insured's death 1 / 3
Texas Life Agent Exam Questions and Answers Guide (Guaranteed Succes) Latest 2025 You have a client that is a real estate agent. Which of the following types of permanent protection is best for this type of client? - Correct Answers ✅Adjustable life Sandra Timms, age 27, is advised by her producer to purchase Life insurance to cover a 20-year-amortized $50,000 business-improvement loan. Which of the following plans would adequately protect Ms. Timms at the minimum premium outlay? - Correct Answers ✅A $50,000 decreasing term policy for 20 years.Which of the following statements about a renewable term policy is true? - Correct Answers ✅It is renewable at the option of the insured A life insurance policy that covers two parties, but only pays
when the last party dies is known as: - Correct Answers
✅Survivorship Life A business owner with a fluctuating income who wants a life insurance policy that can be changed to suit economic
conditions should buy: - Correct Answers ✅Adjustable Life
An annuity is designed to provide which of the of following financial features?I: the liquidation of principle and interest 2 / 3
Texas Life Agent Exam Questions and Answers Guide (Guaranteed Succes) Latest 2025
II: favorable tax treatment
III: the creation of an estate - Correct Answers ✅I and II
If a person wants to invest in a lump sum in an annuity that may appreciate along with market and economic conditions,
they should buy a: - Correct Answers ✅Variable annuity
Which of the following contracts require that a series of benefit payments be made at specified intervals? - Correct Answers ✅Annuity In order to sell variable life insurance you must be registered with which of the following? - Correct Answers ✅The NASD
(FINRA)
Most term life insurance: - Correct Answers ✅Is convertible
to permanent Whole Life without a physical exam Which of the following types of insurance policies would provide the greatest amount of protection for a temporary period during which an insured will have limited financial resources? - Correct Answers ✅Term
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