Life Agent exam topics

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

Showing 251 to 260 of 294 articles · Page 26 of 30

Texas Life Nonforfeiture Cash Value CalculationTexas does not calculate every life policy’s cash value with a simple premium-times-years formula. A policy must provide nonforfeiture benefits under …
Texas Life Policy Prohibited ProvisionsTexas Insurance Code Chapter 1101, Subchapter B, prohibits specific provisions in covered life policies, including a contractual suit limit shorter th…
Texas Life Policy Statement of Insured ProvisionTexas Insurance Code §1101.007 requires a life policy to state that, in the absence of fraud, a statement made by an insured is a representation and n…
Texas Unfair Discrimination in InsuranceTexas prohibits unfair differences among comparable insureds, but the comparison depends on the product. The general same-class, essentially-same-haza…
Third-Party Ownership of Life InsuranceA person other than the insured may own a life policy if the arrangement meets insurable-interest, consent, insurer, and tax rules. The owner controls…
Universal Life Cost of Insurance vs. Policy ChargesIn a universal life policy, the cost-of-insurance (COI) charge is the mortality cost for the insured’s coverage, while “policy charges” is the broader…
Unpaid Life Insurance Premium at Death: What Does the Beneficiary Receive?If the insured dies during the policy’s grace period, the policy generally remains in force and the beneficiary may receive the death benefit less the…
Variable Annuity Accumulation Units vs. Annuity UnitsAccumulation units measure an owner’s interest in a variable annuity’s investment options during the accumulation phase. When the contract is annuitiz…
Variable Whole Life Minimum Death Benefit vs. Investment Cash ValueVariable whole life combines permanent insurance with investment options in a separate account. The contract may guarantee a minimum death benefit if …
Waiver-of-Premium Rider Elimination PeriodA waiver-of-premium rider’s elimination period is the waiting time the insured must satisfy while meeting the rider’s disability definition before spe…