Life Agent exam topics

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

Showing 271–280 of 294 articles · Page 28 of 30

When Should You Recalculate Your Life Insurance Coverage?Recalculate life insurance when a major life, financial, or coverage change alters who depends on you, what they would need, or what resources they co…
Whole Life vs. Universal Life InsuranceWhole life generally uses scheduled premiums and provides guaranteed cash values and a death benefit under the contract. Universal life separates prem…
Life Insurance Dividends: Cash, Premium Reduction, and Paid-Up AdditionsA participating life policy may declare a dividend, but no future dividend is guaranteed. If one is paid, the owner may be able to take cash, reduce a…
Annuity Owner, Annuitant, and BeneficiaryThe annuity owner holds contract rights and chooses available options. The annuitant is the person whose life may determine income duration or benefit…
Fixed vs. Variable AnnuitiesA fixed annuity credits interest or pays income under insurer guarantees, so the insurer bears the investment risk behind those promises. A variable a…
Separate Account vs. General Account in Variable InsuranceAn insurer's general account holds assets supporting contractual obligations, including traditional fixed guarantees. A separate account records asset…
Traditional IRA vs. Roth IRA for the Life Agent ExamA traditional IRA may allow a current contribution deduction, while taxable withdrawals generally come later. Roth IRA contributions are not deductibl…
401(k) vs. 403(b) vs. 457(b) PlansA 401(k) is a qualified employer plan commonly used in private employment; a 403(b) serves public schools and certain tax-exempt organizations; and an…
SEP IRA vs. SIMPLE IRA: Small-Business Retirement OptionsA SEP is an employer-funded IRA-based retirement plan that a business of any size can establish. A SIMPLE IRA is generally for eligible smaller employ…
Direct Rollover vs. 60-Day Rollover for Retirement DistributionsIn a direct rollover, a plan sends an eligible distribution to another plan or IRA, so the participant does not receive it. In a 60-day rollover, mone…