Tennessee Life Insurance Exam Questions and Verified Correct Answers| Latest Update

Tennessee Life Insurance Exam
Questions and Verified Correct
Answers| Latest Update




Term life insurance shall never provide:
a. death protection
b. low premiums
c. temporary protection
d. a living benefit


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
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


b. equal to


The premium on limited payment whole life vs continuous pay whole life would be:
a. less
b. same
c. more
d. identical
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


c. more

,This type of life insurance always has a level premium:
a. term
b. whole
c. variable
d. annuity
b. whole




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
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

, 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
c. term life
d. variable universal life


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
c. corporation or spouse