Life Agent exam topics

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

Showing 131 to 140 of 294 articles · Page 14 of 30

Common Life Insurance Exclusions and LimitationsLife policies and riders may limit coverage for specific events, but there is no single exclusion list for every contract. Common topics include suici…
Contributory vs. Noncontributory Group Life InsuranceContributory group life coverage is partly funded by participating employees; noncontributory coverage is fully sponsor-funded. The distinction concer…
Credit Life Insurance vs. Term Life InsuranceCredit life is term coverage tied to a specific credit transaction; its amount is limited by the debt and proceeds generally reduce the creditor’s unp…
Cross-Purchase vs. Entity-Purchase Buy-Sell PlansIn a cross-purchase plan, surviving owners own policies and use proceeds to buy a deceased owner's interest. In an entity-purchase plan, the business …
Dangerous Jobs and Hobbies in Life Insurance UnderwritingAn insurer may consider occupational duties and recreational activities when evaluating life insurance risk. The applicant should disclose the details…
Dangerous-Occupation Exclusion vs. Underwriting RatingAn underwriting rating changes the premium or risk class for an accepted occupational risk; an exclusion limits coverage for a defined event or cause.…
Defined-Benefit vs. Defined-Contribution PlansA defined-benefit plan promises a retirement amount under a formula; a defined-contribution plan funds individual accounts whose balances depend on co…
Delivering a Rated Life Insurance PolicyWhen a policy is issued at a different class, premium, amount, or terms, present the written offer and explain each material change. Obtain required a…
Disability Income Rider on Life InsuranceA disability-income rider can pay periodic cash benefits to the insured after the rider’s disability definition and waiting period are met. It differs…
Divorce and Life Insurance Beneficiary Designations in TexasUnder Texas Family Code §9.301, a pre-divorce designation of a spouse as life-insurance beneficiary generally becomes ineffective after a divorce decr…