Texas Life Study Guide
Failed the Texas Life exam? There's a good chance it wasn't you.
The most common complaint from people who don't pass isn't the test — it's the study material. And the part they point to most? The state regulations: a few generic, watered-down national pages that looked nothing like the real Texas exam. TESTivity is built the other way around. Below is a real chapter from the Texas Life manual — written for Texas specifically, not national prep with a state name slapped on the cover. Read it and see the difference for yourself.
Texas · Life Sample chapter
Chapter Part 3 Texas Laws Specific to Life Insurance & Annuities
Texas life law looks like the national playbook at arm’s length — and then two numbers jump off the page: a grace period of 31 days, not 30, and a deferred-annuity free look of 20 days, a figure no neighboring state uses. Texas questions live in those small deviations. Learn the baseline, then circle the two odd numbers.
The standard provisions — mostly by the book
Texas individual life policies carry a 2-year incontestability period, a suicide exclusion of up to 2 years, and a 3-year reinstatement window from lapse. The required nonforfeiture options are the familiar trio: cash surrender value, reduced paid-up insurance, and extended term insurance. So far, pure NAIC.
The 31-day grace period — Texas’s signature digit
Here’s the first deviation: the Texas grace period for individual life is 31 days — one day longer than the 30 most states use. It sounds trivial; it is exactly the kind of trivial the exam loves, because a candidate who studied national material will pick 30 with total confidence.
Free looks — three windows, one oddball
Individual life gets a 10-day free look. Replacements get 30 days with an unconditional full refund, and long-term care gets 30 days as well — standard so far. The oddball is the deferred annuity: 20 days, a number essentially unique to Texas. Three windows: 10 / 20 / 30 — life / deferred annuity / replacement-and-LTC.
Variable products — a license stack, not a license
Selling variable life or variable annuities in Texas takes the Texas life license plus FINRA registration — Series 6 or 7, and Series 63. The state license alone is never enough, and the FINRA registrations alone are never enough; the exam tests the stack.
The secondary market and the sales standard
Texas regulates life settlement contracts — the sale of an existing policy to a third party — under its own statutory framework. And on the sales side, Texas has adopted the NAIC best-interest standard for annuity recommendations: the producer’s obligation runs to the consumer’s interest, not the commission schedule.
Key terms so far
- 31-day grace period
- Texas’s one-day deviation from the national 30 — a reliable exam trap.
- 20-day annuity free look
- The deferred-annuity window unique to Texas; life is 10, replacement and LTC are 30.
- Variable product stack
- Texas life license + FINRA Series 6/7 + Series 63 — all required, none sufficient alone.
That's a taste of the real thing.
The full Life study manual covers every exam topic in this same plain-English voice — every rule, every memory Hook, every worked example. Want the video course and full exam simulator too? They come with the Platinum study package.
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