Life Agent exam topics

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

Showing 101 to 110 of 294 articles · Page 11 of 30

Life Insurance Death Proceeds With Retained Asset AccountsA retained asset account (RAA) is a payment method in which an insurer holds life insurance proceeds in an account and provides the beneficiary access…
Why Annuity Payout Amounts Differ for the Same PremiumThe same annuity premium can produce different payments because the insurer prices age, payout start date, payment form, survivor and refund guarantee…
Life With 10 Years Certain vs. 10-Year Fixed-Period AnnuityA life annuity with 10 years certain pays for the annuitant’s lifetime and guarantees at least 10 years of payments; if the annuitant dies sooner, a b…
Fixed vs. Variable Annuity Income During the Payout PeriodA fixed annuity payout generally promises a stated payment under the contract, while a variable annuity payout can change with the value of its invest…
Inflation-Adjusted Annuity Payments: Starting Income vs. Later GrowthAn annuity with increasing payments can start below a level-payment option and rise later under a stated formula. A fixed annual step-up is not the sa…
Changing an Annuity Owner vs. Changing Its BeneficiaryChanging an annuity owner changes who controls contract rights, such as withdrawals, assignments, and beneficiary designations. Changing a beneficiary…
Annuity Insurer Financial Strength vs. Index PerformanceAn annuity insurer’s financial strength concerns its ability to meet contractual obligations; an index’s performance is only one input to certain cred…
Absolute vs. Collateral Assignment of Life InsuranceAn absolute assignment transfers the assignor’s ownership rights in a life policy to the assignee, subject to the assignment and policy terms. A colla…
Accidental Death and Dismemberment Rider vs. Accidental Death RiderAn accidental-death rider generally adds a benefit when death meets the policy’s covered-accident definition. An accidental death and dismemberment (A…
Accidental Death Rider Exclusions vs. Base Policy ExclusionsA base life policy exclusion limits the base death benefit under the policy, while an accidental-death rider adds a separate benefit with its own defi…