Life Agent exam topics

The life general-knowledge section and Texas rules tested on the Life Agent exam.

Showing 1–10 of 294 articles · Page 1 of 30

Texas Life Insurance Advertising RulesTexas life insurance advertising must not mislead consumers about what a policy is, what it pays, what it costs, or whether projected values are guara…
Texas Credit Life Refunds After Early PayoffIf Texas credit life insurance ends early because the debt is paid off, renewed, or refinanced, the debtor is generally entitled to the unearned premi…
Waiver of Premium vs. Waiver of Monthly DeductionA waiver-of-premium rider generally waives scheduled policy premiums after a qualifying disability. A waiver-of-monthly-deduction rider is associated …
Return-of-Premium Term Life: Refund ConditionsReturn-of-premium term life is designed to refund some or all eligible premiums if the insured outlives the stated term and the policy meets its contr…
Universal Life Policy Loan vs. WithdrawalA universal life policy loan borrows against the policy’s value and usually accrues interest; an unpaid balance can reduce what beneficiaries receive.…
Extended Term vs. Reduced Paid-Up InsuranceExtended-term insurance uses a policy’s nonforfeiture value to keep roughly the original death benefit in force for a limited period. Reduced paid-up …
Annuity Accumulation Period vs. Annuity PeriodDuring an annuity’s accumulation period, premiums and credited earnings build contract value. During the annuity period, the insurer pays income under…
Immediate vs. Deferred Annuity: When Payments StartAn immediate annuity is set up to begin income payments soon after purchase, generally within one year. A deferred annuity is designed for payments to…
Single-Premium vs. Flexible-Premium AnnuitiesA single-premium annuity is funded with one contribution, while a flexible-premium annuity accepts contributions over time under its contract rules. T…
Life-Only vs. Period-Certain Annuity PayoutsA life-only annuity pays income for the annuitant’s lifetime and generally stops when that person dies. A period-certain annuity guarantees payments f…