Practice tips

How to work through life insurance and Texas-law questions under exam conditions.

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Universal Life Lapse Calculation QuestionsUniversal life stays in force only while the contract’s funding, account value, and any applicable guarantee satisfy policy conditions. A simplified p…
Variable and Indexed Life Insurance Case QuestionsVariable life exposes cash value to separate-account investment risk; indexed life credits interest under a contract formula tied to an index. Caps, f…
Waiver of Premium and Disability Income Rider Case QuestionsA waiver-of-premium rider can keep a life policy in force after a disability that meets the rider’s definition and waiting period. A disability-income…
War, Aviation, and Dangerous-Occupation Exclusion Case QuestionsWar, aviation, and hazardous-occupation questions require close reading of the issued policy. A life contract may define or exclude specified causes, …
When to Guess on the Texas Life Agent ExamGuess rather than leave a Life Agent exam question blank: Pearson does not penalize incorrect answers. Read the stem, identify the rule, eliminate cho…
Whole Life vs. Universal Life Case QuestionsWhole life generally offers scheduled premiums and guaranteed policy values under the contract, while universal life typically separates flexible prem…
Guaranteed Insurability Rider Case QuestionsA guaranteed insurability rider lets a policy owner buy additional life coverage at specified times or events without new evidence of insurability, su…
Long-Term-Care Life Rider Case QuestionsA long-term-care rider attached to life insurance may let an insured access part of the death benefit after meeting the contract’s care trigger, often…
Section 1035 Annuity Exchange Practice QuestionsA qualifying Section 1035 exchange generally transfers annuity value directly to another eligible annuity without current gain recognition, carrying o…
Group-Term Life Imputed-Income Calculation Practice QuestionsFor employer group-term life coverage, the first $50,000 is generally excluded from wages. Coverage above that amount may create imputed income using …