TN Life Insurance Exam Review (Questions)
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TN LIFE INSURANCE EXAM REVIEW (QUESTIONS AND
ANSWERS 2025)
1. Term life insurance shall never provide: d. a living benefit
a. death protection
b. low premiums
c. temporary protection
d. a living benefit
2. The premium paid on whole life would be ___________ c. same at the age 25
than age 75:
a. more
b. less
c. same
d. twice the rate
3. If the insured lives to age 100 on a whole life coverage, b. equal to the cash value
would be ___________ the face amount:
a. less than
, TN Life Insurance Exam Review (Questions)
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b. equal to
c. more than
d. double
4. The premium on limited payment whole life vs contin- c. more uous pay whole
life would be:
a. less
b. same
c. more
d. identical
5. The cash value on limited payment whole life vs. con- c. more tinuous pay whole
life would be:
a. less
b. same
c. more
d. exactly equal
6. This type of life insurance always has a level premium: b. whole a. term
b. whole
c. variable
d. annuity
7. How much of the group life of $75,000 would be tax- d. none able to the
beneficiary:
a. $25,000
b. $50,000
c. $75,000
d. none
, TN Life Insurance Exam Review (Questions)
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8. Adjustable life you may change all except: a. raise the face amount
a. raise the face amount
b. lower the face amount
c. raise the premium
d. lower the premium
9. A permanent life policy allows policyholders to tie ac- b. indexed life cumulation
values to a stock market index. (i.e., S&P 500):
a. variable life
b. indexed life
c. term life
d. variable universal life
10. Third party ownership (not the owner) policy is owned c. corporation or spouse
by:
a. co-workers
b. insured is owner
c. corporation or spouse
d. owned by policyholders
11. On a joint life last survivorship policy who would col- b. beneficiaries of the
seclect: ond to die
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
, TN Life Insurance Exam Review (Questions)
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12. This provision would waive the breadwinner's premi- a. waiver of premium um on
their policy should he/she become disabled for 90 days:
a. waiver of premium
b. juvenile
c. payor benefit
d. disability rider
13. This provision would waive the child's premium on c. payor benefit their
policy should the parent die or become disabled:
a. waiver of premium
b. juvenile
c. payor benefit
d. disability rider
14. This life policy, based on the money purchase concept, a. adjustable life allows
the insured to adjust the policy face amount, premium and length of protection:
a. adjustable life
b. variable life
c. universal life
d. changeable life
15. This life product could be defined as a one-year re- b. universal life newable
term insurance and a cash account realizing current interest rates:
a. adjustable life
b. universal life
c. variable life
d. variable universal life
Study online at https://quizlet.com/_7lua2e
TN LIFE INSURANCE EXAM REVIEW (QUESTIONS AND
ANSWERS 2025)
1. Term life insurance shall never provide: d. a living benefit
a. death protection
b. low premiums
c. temporary protection
d. a living benefit
2. The premium paid on whole life would be ___________ c. same at the age 25
than age 75:
a. more
b. less
c. same
d. twice the rate
3. If the insured lives to age 100 on a whole life coverage, b. equal to the cash value
would be ___________ the face amount:
a. less than
, TN Life Insurance Exam Review (Questions)
Study online at https://quizlet.com/_7lua2e
b. equal to
c. more than
d. double
4. The premium on limited payment whole life vs contin- c. more uous pay whole
life would be:
a. less
b. same
c. more
d. identical
5. The cash value on limited payment whole life vs. con- c. more tinuous pay whole
life would be:
a. less
b. same
c. more
d. exactly equal
6. This type of life insurance always has a level premium: b. whole a. term
b. whole
c. variable
d. annuity
7. How much of the group life of $75,000 would be tax- d. none able to the
beneficiary:
a. $25,000
b. $50,000
c. $75,000
d. none
, TN Life Insurance Exam Review (Questions)
Study online at https://quizlet.com/_7lua2e
8. Adjustable life you may change all except: a. raise the face amount
a. raise the face amount
b. lower the face amount
c. raise the premium
d. lower the premium
9. A permanent life policy allows policyholders to tie ac- b. indexed life cumulation
values to a stock market index. (i.e., S&P 500):
a. variable life
b. indexed life
c. term life
d. variable universal life
10. Third party ownership (not the owner) policy is owned c. corporation or spouse
by:
a. co-workers
b. insured is owner
c. corporation or spouse
d. owned by policyholders
11. On a joint life last survivorship policy who would col- b. beneficiaries of the
seclect: ond to die
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
, TN Life Insurance Exam Review (Questions)
Study online at https://quizlet.com/_7lua2e
12. This provision would waive the breadwinner's premi- a. waiver of premium um on
their policy should he/she become disabled for 90 days:
a. waiver of premium
b. juvenile
c. payor benefit
d. disability rider
13. This provision would waive the child's premium on c. payor benefit their
policy should the parent die or become disabled:
a. waiver of premium
b. juvenile
c. payor benefit
d. disability rider
14. This life policy, based on the money purchase concept, a. adjustable life allows
the insured to adjust the policy face amount, premium and length of protection:
a. adjustable life
b. variable life
c. universal life
d. changeable life
15. This life product could be defined as a one-year re- b. universal life newable
term insurance and a cash account realizing current interest rates:
a. adjustable life
b. universal life
c. variable life
d. variable universal life
