Tennessee Life and Health Insurance Exam Questions And Answers Graded A+

Tennessee Life and Health Insurance Exam 2026-2027
Questions And Answers Graded A+

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


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