Life Agent exam topics

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

Showing 171 to 180 of 294 articles · Page 18 of 30

Incomplete Life Insurance Application: What Can the Agent Do?When a life insurance application is incomplete, the agent should identify the missing item, ask the correct applicant or proposed insured for the inf…
Incontestability Clause: What Changes After Two Years?In Texas, an individual life policy generally must become incontestable after it has been in force for two years from issue during the insured’s lifet…
Indexed Annuity Caps, Participation Rates, and SpreadsAn indexed annuity applies its contract formula to an index change. A cap limits the maximum credited rate; a participation rate uses only a stated sh…
Indexed Annuity Crediting MethodsAn indexed annuity uses a contract formula to calculate interest credits by reference to an external index. Common methods compare index values at spe…
Indexed Universal Life Illustration Rate vs. Actual Credited InterestAn indexed universal life illustration rate is a hypothetical assumption, not a guaranteed or forecast result. Actual interest is credited under the c…
Inflation Protection on a Long-Term-Care Life RiderInflation protection on a long-term-care life rider increases a defined benefit under the rider’s formula, if the policy offers that option. It may ra…
Inherited Annuity Taxation: Beneficiary Before or After AnnuitizationAn inherited annuity’s tax treatment depends on whether the owner died before or after the annuity starting date, the contract’s cost basis, and wheth…
Insurable Interest in Life Insurance: Who Needs It and When?Insurable interest is a legally recognized relationship or economic interest that makes procuring life insurance legitimate rather than a wager. It ma…
IRA vs. Employer Retirement Plan: Where Can an Annuity Fit?An IRA or employer plan is a tax-qualified retirement arrangement; an annuity is an insurance contract that can be an investment inside the arrangemen…
Is Employer Group Life Insurance Enough?Employer group life insurance may be enough when its amount, duration, and beneficiary fit your household’s needs, but it is tied to plan rules and ma…