Pearson Vue Texas Life And Health Insurance Test Questions | 151 Questions And Answers (100% Verified Answers) | Latest Updated 2024

An insured pays $100 premium every month for his insurance coverage, yet the insurer promises to pay $10,000 for a covered loss. What characteristic of an insurance contract does this describe? A. Good health B. Adhesion C. Conditional D. Aleatory {Ans: D. Aleatory}Which of the following includes information regarding a person's credit, character, reputation, and habits? A. Consumer history B. Insurability report C. Agent's report D. Consumer report {Ans: Consumer report}Which of the following is a feature of a variable annuity? A. Interest rate is guarantee B. Securities license is not required C. Benefit payment amounts are not guaranteed D. Payments into the annuity are kept in the company's general account {Ans: C. Benefit payment amounts are not guaranteed}Which is NOT true about beneficiary designations? A. The beneficiary must have insurable interest in the insured B. The beneficiary may be a natural person C. The policy does not have to have beneficiary named in order to be valid D. Trusts can be valid beneficiaries {Ans: The beneficiary must have insurable interest in the insured}Which of the following long-term care benefits would provide coverage for care for functionally impaired adults on a less than 24-hour basis? A.