Tennessee Life Insurance
Exam 2026 Expert Verifed Ace
the Test
Accelerated Benefits - ANSWER ✔✔Riders attached to life insurance
policies that allow deaths benefits to be used to cover nursing or
convalescent home expenses
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 required amount to pay
damages or the property loss. This amount is calculated based on the
property's current replacement value minus depreciation.
Adhesion - ANSWER ✔✔A contract offered on a "take it or leave it"
basis by an insurer, in which the insured's only option is to either accept
or reject the contract. Any ambiguities in the contract will be settled in
favor of the insured.
Adjustable Life - ANSWER ✔✔Life insurance that permits changes in
the face amount, premium amount, period of protection, and the duration
of the premium payment period.
Adjuster - ANSWER ✔✔A representative of an insurance company
who investigates and acts on the behalf of the company to obtain
agreements for the amount of the insurance claim.
Administrator - ANSWER ✔✔An individual appointed by a court as a
fiduciary to settle the financial affairs and estate of a deceased person.
, Admitted (Authorized) Insurer - ANSWER ✔✔An insurance company
authorized and licensed to transact business in a particular state.
Adverse Selection - ANSWER ✔✔The tendency of risks with higher
probability of loss to purchase and maintain insurance more often than
the risks who present lower probability.
Agency - ANSWER ✔✔An insurance sales office or company
Agent - ANSWER ✔✔An agent who is licensed to sell, negotiate, or
effect insurance contracts on behalf of the insurer.
Agent Appointment - ANSWER ✔✔The authorization of an agent to
act for or represent an insurer.
Agent's Authority - ANSWER ✔✔Special powers granted to an agent
by his or her agency contract.
Aleatory - ANSWER ✔✔A contract in which participating parties
exchange unequal amount. Insurance contracts are aleatory in that the
amount the insured will pay in premiums in unequal to the amount the
insurer will pay in the event of a loss.
Alien Insurer - ANSWER ✔✔An insurance company that is
incorporated outside the United States.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
Exam 2026 Expert Verifed Ace
the Test
Accelerated Benefits - ANSWER ✔✔Riders attached to life insurance
policies that allow deaths benefits to be used to cover nursing or
convalescent home expenses
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 required amount to pay
damages or the property loss. This amount is calculated based on the
property's current replacement value minus depreciation.
Adhesion - ANSWER ✔✔A contract offered on a "take it or leave it"
basis by an insurer, in which the insured's only option is to either accept
or reject the contract. Any ambiguities in the contract will be settled in
favor of the insured.
Adjustable Life - ANSWER ✔✔Life insurance that permits changes in
the face amount, premium amount, period of protection, and the duration
of the premium payment period.
Adjuster - ANSWER ✔✔A representative of an insurance company
who investigates and acts on the behalf of the company to obtain
agreements for the amount of the insurance claim.
Administrator - ANSWER ✔✔An individual appointed by a court as a
fiduciary to settle the financial affairs and estate of a deceased person.
, Admitted (Authorized) Insurer - ANSWER ✔✔An insurance company
authorized and licensed to transact business in a particular state.
Adverse Selection - ANSWER ✔✔The tendency of risks with higher
probability of loss to purchase and maintain insurance more often than
the risks who present lower probability.
Agency - ANSWER ✔✔An insurance sales office or company
Agent - ANSWER ✔✔An agent who is licensed to sell, negotiate, or
effect insurance contracts on behalf of the insurer.
Agent Appointment - ANSWER ✔✔The authorization of an agent to
act for or represent an insurer.
Agent's Authority - ANSWER ✔✔Special powers granted to an agent
by his or her agency contract.
Aleatory - ANSWER ✔✔A contract in which participating parties
exchange unequal amount. Insurance contracts are aleatory in that the
amount the insured will pay in premiums in unequal to the amount the
insurer will pay in the event of a loss.
Alien Insurer - ANSWER ✔✔An insurance company that is
incorporated outside the United States.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
