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TENNESSEE LIFE INSURANCE TEST EXAM 2024 WITH 100% CORRECT ANSWERS

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TENNESSEE LIFE INSURANCE TEST EXAM 2024 WITH 100% CORRECT ANSWERS What kind of life insurance beneficiary requires his/her consent when a change of beneficiary is made? A. Irrevocable beneficiary B. Tertiary beneficiary C. Primary beneficiary D. Revocable beneficiary - correct answer When can a policyowner change a revocable beneficiary? A. Anytime B. After the consent of the current beneficiary C. Never D. Only if primary beneficiary dies - correct answer K has a life insurance policy where her husband is beneficiary and her daughter is contingent beneficiary. Under the Common Disaster clause, if K and her husband are both killed in an automobile accident, where would the death proceeds be directed? A. Daughter B. Husband's estate C. K's estate D. Trust fund - correct answer T and S are named co-primary beneficiaries on a $500,000 Accidental Death and Dismemberment policy ins

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