Texas Life Agent Practice Exam

Who is typically responsible for providing the Buyer's Guide to a prospective policyholder?

1. The insurance company

2. The life insurance agent

3. The insurance commissioner

4. The beneficiary of the policy

The correct answer is: The life insurance agent

The life insurance agent is typically responsible for providing the Buyer's Guide to a prospective policyholder. This guide serves as an informative document that outlines key features, benefits, and terms associated with life insurance products. It is designed to help consumers make informed decisions before purchasing a policy. Requiring the agent to deliver the Buyer's Guide ensures that prospective policyholders receive personalized assistance and have a clear understanding of their options and what they entail. The agent is in a position to explain the specifics of the policy offerings and address any questions or concerns the buyer may have, making the process more transparent and comprehensible for the customer. This aligns with the goal of promoting informed consumer choices in the insurance marketplace.