Tennessee life and health final exam | 150 Questions and Answers(A+ Solution guide)

Major medical policies typically - contain a deductible and coinsurance The reason for backdating a policy is - to obtain a premium rate based on an earlier age Any changes made on an insurance application requires the initials of whom? - applicant which of these is NOT a reason for purchasing life insurance on the life of a minor - If both parents were to die, it would provide death benefits to the child On a life insurance policy, who is qualified to change the beneficiary designation - Policyowner All of these insurance subjects qualify for continuing education credits in Tennessee EXCEPT - motivating producers P's individual Health policy is now in the grace period. P's coverage will remain in force if - the premium is paid which of the following is the purpose of the Tennessee guaranty Association - all of the above D is the policy owner and insured for a $50,000 life Insurance policy. The beneficiary is D's wife. D and His wife divorce and D remarries, transferring the ownership of his policy to his new wife. If D dies without making any further changes, to whom with the policy proceeds be paid to - ex-wife all of these statements concerning settlement options are true, except - Only the beneficiary may select A producer MUST leave a buyer's guide with an applicant for which type of policy? - universal life insuranceWhich factors are taken into consideration when an insurance company determines the premium rate for a whole life policy on an applicant - Risk classification