TN Life Insurance Exam Review (Questions)
Actual Test Questions with Detailed Verified
Answers & Rationales (Already Graded A+)
Terms in this set (135)
Term life insurance shall d. a living benefit
never provide:
a. death protection
b. low premiums
c. temporary protection
d. a living benefit
The premium paid on whole c. same
life would be
___________ at the age 25
than age 75:
a. more
b. less
c. same
d. twice the rate
If the insured lives to age 100 b. equal to
on a whole life coverage, the
cash value would be
___________ the face
amount:
a. less than
b. equal to
c. more than
d. double
,The premium on limited c. more
payment whole life vs
continuous pay whole life
would be:
a. less
b. same
c. more
d. identical
The cash value on limited c. more
payment whole life vs.
continuous pay whole life
would be:
a. less
b. same
c. more
d. exactly equal
This type of life insurance b. whole
always has a level premium:
a. term
b. whole
c. variable
d. annuity
, d. none
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
Adjustable life you may a. raise the face amount
change all except:
a. raise the face amount
b. lower the face amount
c. raise the premium
d. lower the premium
A permanent life policy b. indexed life
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
, Third party ownership (not c. corporation or spouse
the owner) policy is owned
by:
a. co-workers
b. insured is owner
c. corporation or spouse
d. owned
bypolicyholders
On a joint life last b. beneficiaries of the second to die
survivorship policy who
would collect:
a. beneficiaries of the
firstto die
b. beneficiaries of
thesecond to die
c. 50% paid to each of
theabove
d. beneficiaries of
eitherof the first to die
This provision would waive a. waiver of premium
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
Actual Test Questions with Detailed Verified
Answers & Rationales (Already Graded A+)
Terms in this set (135)
Term life insurance shall d. a living benefit
never provide:
a. death protection
b. low premiums
c. temporary protection
d. a living benefit
The premium paid on whole c. same
life would be
___________ at the age 25
than age 75:
a. more
b. less
c. same
d. twice the rate
If the insured lives to age 100 b. equal to
on a whole life coverage, the
cash value would be
___________ the face
amount:
a. less than
b. equal to
c. more than
d. double
,The premium on limited c. more
payment whole life vs
continuous pay whole life
would be:
a. less
b. same
c. more
d. identical
The cash value on limited c. more
payment whole life vs.
continuous pay whole life
would be:
a. less
b. same
c. more
d. exactly equal
This type of life insurance b. whole
always has a level premium:
a. term
b. whole
c. variable
d. annuity
, d. none
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
Adjustable life you may a. raise the face amount
change all except:
a. raise the face amount
b. lower the face amount
c. raise the premium
d. lower the premium
A permanent life policy b. indexed life
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
, Third party ownership (not c. corporation or spouse
the owner) policy is owned
by:
a. co-workers
b. insured is owner
c. corporation or spouse
d. owned
bypolicyholders
On a joint life last b. beneficiaries of the second to die
survivorship policy who
would collect:
a. beneficiaries of the
firstto die
b. beneficiaries of
thesecond to die
c. 50% paid to each of
theabove
d. beneficiaries of
eitherof the first to die
This provision would waive a. waiver of premium
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
