Tennessee life - Study guides, Class notes & Summaries

Version 1 1 McGraw-Hill's Taxation of Individuals and Business Entities 2023 Edition 14th Edition by Brian Spilker Benjamin Ayers John Barrick Troy Lewis John Robinson Version 1 2 TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false. 1) Taxes influence many types of business decisions but generally do not influence personal decisions. ⊚ true ⊚ false 2) Taxes influence business decisions such as where a business should locate or how a business should...

MPOETC CERTIFICATION TEST/151 QUESTIONS AND ANSWERS (A+) 1st Amendment (1791) - √Answer :Freedom of speech, religion and press and the right to petition Quiz :2nd Amendment (1791) - √Answer :Right to bear arms Quiz :3rd Amendment (1791) - √Answer :The government may not house soldiers in private homes without consent of the owner Quiz :4th Amendment (1791) - √Answer :Freedom from unreasonable search and seizures Quiz :5th Amendment (1791) - √Answer :Double jeopardy, ...

Tennessee Life and Health Insurance Life Insurance Portion State Exam Simulator With 100% Correct Answers

What kind of life insurance beneficiary requires his/her consent when a change of beneficiary is made? A. Irrevocable beneficiary B. Tertiary beneficiary C. Primary beneficiary D. Revocable beneficiary - Answer- When can a policyowner change a revocable beneficiary? A. Anytime B. After the consent of the current beneficiary C. Never D. Only if primary beneficiary dies - Answer- K has a life insurance policy where her husband is beneficiary and her daughter is contingent beneficiary...

TENNESSEE LIFE INSURANCE TEST EXAM 2024 WITH 100% CORRECT ANSWERS What kind of life insurance beneficiary requires his/her consent when a change of beneficiary is made? A. Irrevocable beneficiary B. Tertiary beneficiary C. Primary beneficiary D. Revocable beneficiary - correct answer When can a policyowner change a revocable beneficiary? A. Anytime B. After the consent of the current beneficiary C. Never D. Only if primary beneficiary dies - correct answer K has a life insuran...

Accidental Death Benefits - Answer-A policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death. Accidental Death Insurance - Answer-An insurance policy that provides payment if the insured' death is the result of an accident Accumulation period - Answer-The time before an annuitant's retirement during which the annuitant is making payments or investments in an annuity Actual Cash Value ACV - Answer-The...

TENNESSEE LIFE AND HEALTH FINAL EXAM 2024/2025

TENNESSEE LIFE INSURANCE TEST EXAM 2024 WITH 100% CORRECT ANSWERS What kind of life insurance beneficiary requires his/her consent when a change of beneficiary is made? A. Irrevocable beneficiary B. Tertiary beneficiary C. Primary beneficiary D. Revocable beneficiary - correct answer When can a policyowner change a revocable beneficiary? A. Anytime B. After the consent of the current beneficiary C. Never D. Only if primary beneficiary dies - correct answer K has a life insuran...

Tennessee Life Insurance exam 2024 with 100% correct answers An insured purchased a Life Insurance policy. The agent told him that depending upon the company's investments and expense factors, the cash values could change from those shown in the policy at issue time. The policy is a/an - correct answer interest-sensitive whole life Which of the following is NOT true of life settlements? - correct answer the seller must be terminally ill The paid-up addition option uses the dividend -...

Which statement is true in regards to a policy loan? - Answer-Past-due interest on a policy loan is added to the total cost An individual who purchases a life annuity is given protection against - Answer-the risk of living longer than expected A trustee-to-trustee transfer of rollover funds in a qualified plan allows a participant to avoid - Answer-mandatory income tax withholding on the transfer amount J chooses a monthly premium payment mode on his whole life insurance policy. Which o...

TENNESSEE LIFE AND HEALTH EXAM 2024 WITH 100% CORRECT ANSWERS Insurance policies are offered on a "take it or leave it" basis, which make them a. Conditional Contracts b. Aleatory Contracts c. Unilateral Contracts d. Contracts of Adhesion - correct answer d. Contracts of Adhesion All of these statements about Equity Indexed Life Insurance are correct EXCEPT a. Cash value has a minimum rate of accumulation b. If the gain on the index goes beyond the policy's minimum rate of r...