Life Agent exam topics

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

Showing 111 to 120 of 294 articles · Page 12 of 30

Adhesion, Aleatory, Unilateral, and Conditional Insurance ContractsInsurance contracts are commonly adhesion, aleatory, unilateral, and conditional: standardized wording, an uncertain exchange, the insurer's enforceab…
Annuity 1035 Exchange: Taxes, Surrender Charges, and New Contract TermsA qualifying Section 1035 exchange may defer current gain when an annuity is transferred correctly to an eligible contract. It does not waive surrende…
Annuity Contract Value vs. Income Benefit BaseAn annuity contract value is the value recorded for the contract under its crediting and charge rules. An income benefit base is a separate calculatio…
Annuity Death Benefit After AnnuitizationAfter annuitization, the elected payout option determines whether payments stop at death, continue to a survivor, or continue for a guaranteed period.…
Annuity Death Benefit During AccumulationDuring accumulation, an annuity’s death benefit is determined by the contract when a covered owner or annuitant dies before payout begins. The amount …
Annuity Death Benefit vs. Lifetime Income PayoutAn annuity death benefit pays a beneficiary under the contract if the owner or annuitant dies before or after a specified event, depending on the poli…
Annuity Fees: Mortality Charges, Administrative Fees, and Rider CostsAnnuity charges depend on the product and contract. Variable annuities may deduct mortality and expense risk charges, administration charges, investme…
Annuity Income Rider vs. AnnuitizationAn income rider is an optional guarantee attached to an annuity, often paying through withdrawals under rider rules. Annuitization converts contract v…
Annuity Inside an IRA: Does It Add Tax Deferral?Usually no. A traditional IRA already defers tax on investment growth under IRA rules, so placing a deferred annuity inside it generally does not crea…
Annuity Market Value AdjustmentA market value adjustment (MVA) is a contract formula that can raise or lower the amount available on certain withdrawals, surrender, or annuitization…