TN Life Insurance Exam Review/ 135 Questions with Certified Answers.
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TN Life Insurance
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TN Life Insurance
TN Life Insurance Exam Review/ 135 Questions with Certified Answers. Terms like:
How much of the group life of $75,000 would be taxable to the beneficiary:
a. $25,000
b. $50,000
c. $75,000
d. none - Answer: d. none
Adjustable life you may change all except:
a. raise the face amoun...
TN Life Insurance Exam Review/ 135 Questions
with Certified Answers.
How much of the group life of $75,000 would be taxable to the beneficiary:
a. $25,000
b. $50,000
c. $75,000
d. none - Answer: d. none
Adjustable life you may change all except:
a. raise the face amount
b. lower the face amount
c. raise the premium
d. lower the premium - Answer: a. raise the face amount
A permanent life policy allows policyholders to tie accumulation values to a stock market index.
(i.e., S&P 500):
a. variable life
b. indexed life
Page 1 of 28
,c. term life
d. variable universal life - Answer: b. indexed life
Third party ownership (not the owner) policy is owned by:
a. co-workers
b. insured is owner
c. corporation or spouse
d. owned by policyholders - Answer: c. corporation or spouse
On a joint life last survivorship policy who would collect:
a. beneficiaries of the first to die
b. beneficiaries of the second to die
c. 50% paid to each of the above
d. beneficiaries of either of the first to die - Answer: b. beneficiaries of the second to die
Term life insurance shall never provide:
a. death protection
b. low premiums
c. temporary protection
d. a living benefit - Answer: d. a living benefit
The premium paid on whole life would be ___________ at the age 25 than age 75:
a. more
b. less
c. same
d. twice the rate - Answer: c. same
If the insured lives to age 100 on a whole life coverage, the cash value would be ___________
the face amount:
a. less than
b. equal to
c. more than
d. double - Answer: b. equal to
Page 2 of 28
, The premium on limited payment whole life vs continuous pay whole life would be:
a. less
b. same
c. more
d. identical - Answer: c. more
The cash value on limited payment whole life vs. continuous pay whole life would be:
a. less
b. same
c. more
d. exactly equal - Answer: c. more
This type of life insurance always has a level premium:
a. term
b. whole
c. variable
d. annuity - Answer: b. whole
This provision would waive the breadwinner's premium on their policy should he/she become
disabled for 90 days:
a. waiver of premium
b. juvenile
c. payor benefit
d. disability rider - Answer: a. waiver of premium
This provision would waive the child's premium on their policy should the parent die or become
disabled:
a. waiver of premium
b. juvenile
c. payor benefit
d. disability rider - Answer: c. payor benefit
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