TENNESSE CAT 7 EXAM NEWEST 2025 ACTUAL EXAM COMPLETE 100 QUESTIONS AND CORRECT DETAILED ANSWERS

TENNESSE CAT 7 EXAM NEWEST 2025 ACTUAL EXAM n n n n n n n n


COMPLETE 100 QUESTIONS AND CORRECT DETAILED ANS n n n n n n


WERS (VERIFIED ANSWERS) |ALREADY GRADED A+|BRANDn n n n n n


NEW!! n
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Which of the following Life insurance policies combine term insurance wit
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h an investment element? - ANSWER Universal Life
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K has inherited a large sum of money. K purchases an annuity with this sum
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on July 1, and starts receiving payments August 1. These payments will co
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ntinue for as long as she and her spouse lives. Which type of annuity did K p
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urchase? - n


ANSWER Single Premium Immediate Joint with Survivor Annuity
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J is 35-
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years old and looking to purchase a whole life insurance policy. Which of t
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he following types of policies will provide the most rapid growth of cash va
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lue? - ANSWER 20-pay Life n n n n n
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S has a Whole Life policy with a premium payment due soon. Which provis
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ion would keep the policy in force if S does not make the required payment
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and the policy has adequate cash value from which the premium payment c
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an be made? - ANSWER Automatic Policy Loan
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Which of the following is considered an element of a Variable Life
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Policy? - ANSWER Underlying equity investment n n n n n n
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When must insurable interest exist for a life insurance contract to be valid?
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- ANSWER Inception of the contract
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If the insured and primary beneficiary are both killed in the same accident a
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nd it cannot be determined who died first, where are the death proceeds to b
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e directed under the Uniform Simultaneous Death Act? -
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nANSWER Insured's contingent beneficiary n n n n


Which of these types of life insurance allows the policyowner to have level
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premiums and to also choose from a selection of investment options? -
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nANSWER Variable Life n n n
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, A contract owner terminates an annuity before the income payment period
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begins. The owner will then receive - n n n n n n


ANSWER the current contract surrender value
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Which of these types of policies may NOT have the Automatic Premium
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Loan provision attached to it? - ANSWER Decreasing Term
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P died five years after purchasing a life policy. While investigating the clai
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m, the insurer discovered material misrepresentations made by P during th
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e application process. Which of these actions will the insurer take? -
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ANSWER Beneficiary will be paid the Death Benefit
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The payments on Q's annuity are no less than $250 quarterly. Which of the f
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ollowing annuities does Q own? - ANSWER Flexible Installment
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Deferred n
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What does a 401(k) plan generally provide its participants? -
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ANSWER Salary-deferral contributions
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A(n) _____ rider may be used to include coverage for children under their p
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arents' life insurance policy. - ANSWER Term
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What is Old Age and Survivors Health Insurance (OASDHI) also known as
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? - ANSWER Social Security
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Which settlement option pays a stated amount to an annuitant, but no residu
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al value to a beneficiary? - ANSWER Life Income
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Insurance policies are considered aleatory contracts because -
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nANSWER performance is conditioned upon a future occurrence n n n n n n n n


Who is normally considered to be the owner of a 403(b) tax-
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sheltered annuity? - ANSWER The employee n n n n n n
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Which of these Nonforfeiture Options continue a build-up of cash value?
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- ANSWER Reduced Paid-Up
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Under a Graded Premium policy, the premiums -
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ANSWER are lower during the policy's early years
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K is an annuitant currently receiving payments. If she were to die before rec
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eiving payments equal to the correct value, a beneficiary will continue rece
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