TN LIFE PRODUCER EXAM LATEST 2025-2026
UPDATE| QUESTIONS AND CORRECT ANSWERS |
ALREADY GRADED A+
What benefit does the Payor clause on a Juvenile Life policy provide?
-Allows payor to assign ownership in the event payor becomes disabled
-Allows payor to increase face amount without providing evidence of
insurability
-Premiums are waived if juvenile becomes disabled
-Premiums are waived if payor becomes disabled - Answer-Premiums
are waived if the payor becomes disabled
All of the following are considered to be typical characteristics
describing the nature of an insurance contract, EXCEPT:
Bilateral
Unilateral
Aleatory
Adhesion - Answer-Bilateral
Typically a life insurance death benefit is paid as a lump-sum payment.
A(n) _________ option is a method of distributing a Life Insurance
policy's death benefit OTHER than by a lump sum payment.
Settlement
Dividend
Conversion
Aleatory - Answer-Settlement
,Which of the following statements is CORRECT about accelerated
death benefits?
-The full face amount is available as an accelerated benefit
-Those on Social Security disability automatically qualify for this benefit
-This provision is usually provided with an increase in premium
-Must have a terminal illness to qualify - Answer-Must have a terminal
illness to qualify
A life insurance policy would be considered a wagering contract
WITHOUT
insurable interest
premium payment
agent solicitation
constructive delivery - Answer-insurable interest
Which of the following combination plans is designed to protect an
insured from an unpaid mortgage balance upon premature death?
Survivorship Life
Family Plan
Joint Life
Whole life and Level Term Rider - Answer-Joint life
Which rider provides coverage for a child under a parent's life insurance
policy?
,Spouse term rider
Base insured rider
Payor benefit rider
Child term rider - Answer-Child term rider
Which of the following consists of an offer, acceptance, and
consideration?
Warranty
Estoppel
Contract
Representation - Answer-Contract
Which of these types of policies may NOT have the Automatic
Premium Loan provision attached to it?
Modified Whole Life
20-Pay Life
Decreasing Term
Endowment - Answer-Decreasing Term
T, age 70, withdraws cash from a profit-sharing plan and purchases a
Straight Life Annuity. What will this transaction provide?
Income for a fixed period stated in the contract
Income that cannot be outlived by the owner
Inflation protection
, Tax-free income - Answer-Income that cannot be outlived by the owner
An insured is past due on his life insurance premium, but is still within
the Grace Period. What will the beneficiary receive if the insured dies
during this Grace Period?
Refund of all premiums paid, plus interest
Refund of all premiums paid
Full face amount minus any past due premiums
Full face amount - Answer-Full face amount minus any past due
premiums
In Tennessee, an insurer that is incorporated in New Jersey and
conducts business in Tennessee is called a(n)
Alien insurer
Foreign insurer
Dual insurer
Domestic insurer - Answer-Foreign insurer
B is an insurance producer who occassionally engages in financial
planning. If B sells an insurance policy during the course of a financial
planning seminar, B must disclose to the client:
-Which states B is also licensed in
-the examination score received on B's licensing exam
-how old B was when producer license was obtained
UPDATE| QUESTIONS AND CORRECT ANSWERS |
ALREADY GRADED A+
What benefit does the Payor clause on a Juvenile Life policy provide?
-Allows payor to assign ownership in the event payor becomes disabled
-Allows payor to increase face amount without providing evidence of
insurability
-Premiums are waived if juvenile becomes disabled
-Premiums are waived if payor becomes disabled - Answer-Premiums
are waived if the payor becomes disabled
All of the following are considered to be typical characteristics
describing the nature of an insurance contract, EXCEPT:
Bilateral
Unilateral
Aleatory
Adhesion - Answer-Bilateral
Typically a life insurance death benefit is paid as a lump-sum payment.
A(n) _________ option is a method of distributing a Life Insurance
policy's death benefit OTHER than by a lump sum payment.
Settlement
Dividend
Conversion
Aleatory - Answer-Settlement
,Which of the following statements is CORRECT about accelerated
death benefits?
-The full face amount is available as an accelerated benefit
-Those on Social Security disability automatically qualify for this benefit
-This provision is usually provided with an increase in premium
-Must have a terminal illness to qualify - Answer-Must have a terminal
illness to qualify
A life insurance policy would be considered a wagering contract
WITHOUT
insurable interest
premium payment
agent solicitation
constructive delivery - Answer-insurable interest
Which of the following combination plans is designed to protect an
insured from an unpaid mortgage balance upon premature death?
Survivorship Life
Family Plan
Joint Life
Whole life and Level Term Rider - Answer-Joint life
Which rider provides coverage for a child under a parent's life insurance
policy?
,Spouse term rider
Base insured rider
Payor benefit rider
Child term rider - Answer-Child term rider
Which of the following consists of an offer, acceptance, and
consideration?
Warranty
Estoppel
Contract
Representation - Answer-Contract
Which of these types of policies may NOT have the Automatic
Premium Loan provision attached to it?
Modified Whole Life
20-Pay Life
Decreasing Term
Endowment - Answer-Decreasing Term
T, age 70, withdraws cash from a profit-sharing plan and purchases a
Straight Life Annuity. What will this transaction provide?
Income for a fixed period stated in the contract
Income that cannot be outlived by the owner
Inflation protection
, Tax-free income - Answer-Income that cannot be outlived by the owner
An insured is past due on his life insurance premium, but is still within
the Grace Period. What will the beneficiary receive if the insured dies
during this Grace Period?
Refund of all premiums paid, plus interest
Refund of all premiums paid
Full face amount minus any past due premiums
Full face amount - Answer-Full face amount minus any past due
premiums
In Tennessee, an insurer that is incorporated in New Jersey and
conducts business in Tennessee is called a(n)
Alien insurer
Foreign insurer
Dual insurer
Domestic insurer - Answer-Foreign insurer
B is an insurance producer who occassionally engages in financial
planning. If B sells an insurance policy during the course of a financial
planning seminar, B must disclose to the client:
-Which states B is also licensed in
-the examination score received on B's licensing exam
-how old B was when producer license was obtained
