Tennessee Life Insurance Exam – Review & Sample
Questions.
d. a living benefit
c. same
1. Term life insurance shall never provide:
a. death protection
b. low premiums
c. temporary protection
d. a living benefit
2. 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
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
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:
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Questions.
a. less
b. same
c. more
d. identical
5. The cash value on limited payment whole life c. more
vs. con- tinuous pay whole life would be:
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Questions.
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 d. none
be tax- able to the beneficiary:
a. $25,000
b. $50,000
c. $75,000
d. none
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- cumulation values to a stock market b. indexed life
index. (i.e., S&P 500):
a. variable life
b. indexed life
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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 b. beneficiaries of
would col- lect: the sec- 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
12. This provision would waive the breadwinner's a. waiver of premium
premi- 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 c. payor benefit
premium on their policy should the parent
die or become dis- abled:
a. waiver of premium
Questions.
d. a living benefit
c. same
1. Term life insurance shall never provide:
a. death protection
b. low premiums
c. temporary protection
d. a living benefit
2. 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
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
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:
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, Tennessee Life Insurance Exam – Review & Sample
Questions.
a. less
b. same
c. more
d. identical
5. The cash value on limited payment whole life c. more
vs. con- tinuous pay whole life would be:
2/
62
, Tennessee Life Insurance Exam – Review & Sample
Questions.
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 d. none
be tax- able to the beneficiary:
a. $25,000
b. $50,000
c. $75,000
d. none
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- cumulation values to a stock market b. indexed life
index. (i.e., S&P 500):
a. variable life
b. indexed life
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(Questions)
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 b. beneficiaries of
would col- lect: the sec- 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
12. This provision would waive the breadwinner's a. waiver of premium
premi- 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 c. payor benefit
premium on their policy should the parent
die or become dis- abled:
a. waiver of premium
