Exam topics

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• Texas Life and Health Exam Content OutlineThe outline splits 130 scored questions into nine general sections worth 100 questions and four Texas sections worth 30. Every count is published, dow…
• Types of life policies: the 15-question sectionSection I is worth 15 questions, one of the two largest life sections on the paper. It covers five families: traditional whole life, interest-sensitiv…
• Whole life, limited-pay and single-premiumAll three are permanent, level-premium, guaranteed-cash-value contracts. They differ on the premium-paying period alone: ordinary whole life pays to m…
• Universal life: the unbundled policyUniversal life is flexible premium adjustable life: the owner varies what they pay, and the insurer takes the cost of insurance and expenses out of th…
• Variable life and variable universal lifeBoth put cash value in separate accounts the owner directs, so the owner carries the investment risk and the seller needs a securities registration as…
• Indexed Life Insurance on the Texas ExamIndexed life credits interest by reference to a market index while the money stays in the insurer's general account. The owner is not invested in the …
• Term Life Types on the Texas Insurance ExamThe outline names four: level, decreasing, return of premium and annually renewable. Term has no cash value and pays only if death occurs within the p…
• Renewable vs Convertible Term: What DiffersRenewable keeps the same term policy going for another term without new evidence of insurability, at a higher premium for the older age. Convertible e…
• Annuities on the Texas Insurance ExamAnnuities are the largest single heading in section I, with six sub-items against two for whole life. The exam sorts them on four axes: how the premiu…
• Fixed, variable and indexed annuitiesA fixed annuity credits a guaranteed rate from the insurer's general account, so the insurer carries the risk. A variable annuity uses separate accoun…