Life Agent exam topics

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

Showing 41–50 of 294 articles · Page 5 of 30

Universal Life Premiums, Monthly Deductions, and LapseUniversal life premiums are flexible within the policy’s terms, but the policy must receive enough value to cover monthly insurance costs and other ch…
Variable Whole Life vs. Variable Universal LifeBoth variable whole life and variable universal life place policy value in separate accounts whose investment performance can rise or fall. Variable w…
How Indexed Life Insurance Credits InterestIndexed universal life generally credits interest using a contract-defined formula linked to an external market index. The policyowner does not direct…
Level, Decreasing, and Annual Renewable Term LifeLevel term keeps the stated death benefit level during its selected term, usually with a level premium during that period. Decreasing term reduces the…
Renewable vs. Convertible Term LifeRenewability lets an owner continue eligible term coverage for another period, usually without new evidence of insurability, at a premium that general…
Annuity Types by Premium, Start Date, and Investment RiskAnnuities are easier to classify on separate dimensions. Premium structure can be single or flexible; income can begin immediately or be deferred; and…
Joint Life vs. Survivorship Life InsuranceJoint life insurance commonly covers two people and pays when the first insured dies; it is often called first-to-die coverage. Survivorship life cove…
Texas Life Insurance Misrepresentation: The 90-Day Notice RuleUnder Texas Insurance Code §705.005, an insurer relying on a misrepresentation as a defense must show that it gave notice refusing to be bound by the …
Texas Life Insurance Policy: Copy of the ApplicationTexas Insurance Code §705.103 generally requires a life insurance policy issued in Texas to be accompanied by a copy of the policy application and any…
Cash-Refund vs. Installment-Refund AnnuityA cash-refund annuity pays a beneficiary the unpaid balance of the purchase premium as one lump sum if the annuitant dies before receiving that amount…