Tennessee Life Insurance EXAM LATEST
VERSION Questions And Answers 2027
B. Equivalent Level Death Benefit - ANSWER -The average annual guaranteed
death benefit over the life of the policy is the definition of:
A. Cash dividend
B. Equivalent Level Death Benefit
C. Generic Name
D. Life Insurance Net Payment Cost Index
C. 20 - ANSWER -For replacement life policies, the free look period must be at
least _____ days.
A. 7
B. 10
C. 20
D. 30
D. 60 - ANSWER -Death benefits must be paid within _____ days after the
insurer receives the proof of death.
A. 30
B. 31
C. 45
D. 60
A. 2 - ANSWER -The insurer is not liable of the insured, whether sane or insane,
commits suicide within the first _____ years the policy is in force.
A. 2
B. 3
C. 4
D. 5
C. The Commissioner - ANSWER -Who must approve a Buyer's guide before
use?
,A. The Insurer
B. The Insured
C. The Commissioner
D. The Annuitant
C. A life insurance cost index reflecting dividends or an equivalent level Annual
Dividend must disclose that it is based on the insurer's current dividend scale and is
not guaranteed. - ANSWER -Which of the following is true regarding general Life
Insurance rules?
A. Each insurer must maintain a file of all documents for a period of 5 years from
the date of its last authorized use
B. A reference to policy dividends can disclose that dividends are guaranteed
C. A life insurance cost index reflecting dividends or an equivalent level Annual
Dividend must disclose that it is based on the insurer's current dividend scale and is
not guaranteed.
D. A comparison of 2 or more life policies must not adjust for interest
appropriately
B. 25 - ANSWER -Replacement is a transaction in which new life insurance is to
be purchased and the agent knows that existing life insurance will be pledged as
collateral or subjected to borrowing for over _____% of the policy loan value.
A. 20
B. 25
C. 30
D. 35
A. 3 - ANSWER -A party may not take legal action to recover against an insurer
more than how many years after a Proof of Loss is required to be provided?
A. 3
B. 5
C. 7
D. 9
D. 31 - ANSWER -Newborn coverage begins at birth and will continue for at
least how many days?
, A. 7
B. 14
C. 21
D.31
B. A person whose Medicare Supplement benefits under an employee welfare
benefit plan area still in effect - ANSWER -Which of the following is not eligible
for a Medicare Supplement Policy?
A. A person whose enrollment ceases under circumstances that permit cessation of
the individual's right to elect coverage.
B. A person whose Medicare Supplement benefits under an employee welfare
benefit plan area still in effect.
C. A person enrolled under a Medicare+ Choice plan if the coverage is terminated
or discontinued, or the organization providing coverage is terminated.
D. A person whose enrollment under a Medicare Supplement policy terminates,
and whose subsequent coverage under a Medicare+Choice policy terminates within
12 months of enrollment.
B. Have a 30-day free look period. - ANSWER -A Medicare Supplement policy
must:
A. Use a different basis for indemnification against losses from sickness and losses
from accidents.
B. Have a 30-day free look period.
C. Terminate a spouse's coverage solely because the insured's coverage is
terminated, except for nonpayment of premium.
D. Exclude or limit coverage for a preexisting condition for more than 6 months.
C. 8 - ANSWER -Before being allowed to solicit, negotiate, or sell LTC
insurance, a producer must complete an initial training of how many hours?
A. 3
B. 6
C. 8
D. 12
VERSION Questions And Answers 2027
B. Equivalent Level Death Benefit - ANSWER -The average annual guaranteed
death benefit over the life of the policy is the definition of:
A. Cash dividend
B. Equivalent Level Death Benefit
C. Generic Name
D. Life Insurance Net Payment Cost Index
C. 20 - ANSWER -For replacement life policies, the free look period must be at
least _____ days.
A. 7
B. 10
C. 20
D. 30
D. 60 - ANSWER -Death benefits must be paid within _____ days after the
insurer receives the proof of death.
A. 30
B. 31
C. 45
D. 60
A. 2 - ANSWER -The insurer is not liable of the insured, whether sane or insane,
commits suicide within the first _____ years the policy is in force.
A. 2
B. 3
C. 4
D. 5
C. The Commissioner - ANSWER -Who must approve a Buyer's guide before
use?
,A. The Insurer
B. The Insured
C. The Commissioner
D. The Annuitant
C. A life insurance cost index reflecting dividends or an equivalent level Annual
Dividend must disclose that it is based on the insurer's current dividend scale and is
not guaranteed. - ANSWER -Which of the following is true regarding general Life
Insurance rules?
A. Each insurer must maintain a file of all documents for a period of 5 years from
the date of its last authorized use
B. A reference to policy dividends can disclose that dividends are guaranteed
C. A life insurance cost index reflecting dividends or an equivalent level Annual
Dividend must disclose that it is based on the insurer's current dividend scale and is
not guaranteed.
D. A comparison of 2 or more life policies must not adjust for interest
appropriately
B. 25 - ANSWER -Replacement is a transaction in which new life insurance is to
be purchased and the agent knows that existing life insurance will be pledged as
collateral or subjected to borrowing for over _____% of the policy loan value.
A. 20
B. 25
C. 30
D. 35
A. 3 - ANSWER -A party may not take legal action to recover against an insurer
more than how many years after a Proof of Loss is required to be provided?
A. 3
B. 5
C. 7
D. 9
D. 31 - ANSWER -Newborn coverage begins at birth and will continue for at
least how many days?
, A. 7
B. 14
C. 21
D.31
B. A person whose Medicare Supplement benefits under an employee welfare
benefit plan area still in effect - ANSWER -Which of the following is not eligible
for a Medicare Supplement Policy?
A. A person whose enrollment ceases under circumstances that permit cessation of
the individual's right to elect coverage.
B. A person whose Medicare Supplement benefits under an employee welfare
benefit plan area still in effect.
C. A person enrolled under a Medicare+ Choice plan if the coverage is terminated
or discontinued, or the organization providing coverage is terminated.
D. A person whose enrollment under a Medicare Supplement policy terminates,
and whose subsequent coverage under a Medicare+Choice policy terminates within
12 months of enrollment.
B. Have a 30-day free look period. - ANSWER -A Medicare Supplement policy
must:
A. Use a different basis for indemnification against losses from sickness and losses
from accidents.
B. Have a 30-day free look period.
C. Terminate a spouse's coverage solely because the insured's coverage is
terminated, except for nonpayment of premium.
D. Exclude or limit coverage for a preexisting condition for more than 6 months.
C. 8 - ANSWER -Before being allowed to solicit, negotiate, or sell LTC
insurance, a producer must complete an initial training of how many hours?
A. 3
B. 6
C. 8
D. 12
