License comparisons

Showing 1–10 of 15 articles · Page 1 of 2

• Texas Life Agent vs. Life and Health ExamTexas offers a standalone Life Agent exam, InsTX-Life01, and a broader General Lines - Life, Accident and Health exam, InsTX-LAH05. The standalone exa…
• Captive vs. Independent Texas Life AgentA captive agent typically works with one insurer or affiliated group; an independent agent may represent multiple insurers through appointments or age…
• Decreasing Term vs. Level Term for a MortgageDecreasing term lowers the death benefit over the policy term, while level term keeps the stated death benefit level for the selected period, subject …
• Fixed-Period vs. Fixed-Amount Annuity SettlementA fixed-period settlement pays proceeds in installments over a selected time; the payment amount is calculated from the value, period, and interest as…
• Indexed Universal Life vs. Fixed Universal LifeBoth indexed universal life (IUL) and fixed universal life are permanent universal life policies with flexible premiums and policy charges. Fixed UL g…
• Individual vs. Group Life InsuranceIndividual life insurance is purchased and owned by a person, with coverage and premiums based on that applicant’s policy terms and underwriting. Grou…
• Key-Person Insurance vs. Personal Life InsuranceKey-person life insurance is owned by a business to address financial loss if an important contributor dies; the business is typically beneficiary. Pe…
• Partial Surrender vs. Policy LoanA policy loan borrows against policy value and adds interest-bearing debt; a partial surrender permanently removes value. Loans can reduce later proce…
• Return-of-Premium Term vs. Permanent Life InsuranceReturn-of-premium (ROP) term is temporary life insurance that may refund specified premiums if the insured survives to the contract’s stated end and a…
• Term Life vs. Universal Life InsuranceTerm life covers an insured for a stated term and generally has no cash value; premiums buy temporary death-benefit protection. Universal life is perm…