TN LIFE INSURANCE EXAM REVIEW COMPREHENSIVE EXAM
QUESTIONS WITH DETAILED VERIFIED AND 100% ACCURATE
ANSWERS BRAND NEW EXAM ALREADY GRADED A+
It's like insurance risk is rejected based on information in the investigative report the applicant:
Must be called first by the reporting company
Must be given the name and address of the reporting company
Must be given in explanation in written prior to dental
Must give the applicant 10 days to challenge the rejection - (ANSWER)Must be given the name of the
address of the reporting company
On the graded death benefit of a substandard life risk, the insured pays the standard premium for a
20,000 policy but we're probably have this amount of coverage for the face amount :
$15,000
$25,000
$20,000 - (ANSWER)$15,000
The frequency of paying premiums referred to:
Expenses
Grace period
Premium mode - (ANSWER)Premium Mode
Which of the following is not a factor use to determine life insurance rates:
Gender
Mortality
Interest - (ANSWER)Gender
When you reduce the number of payments made by the insured they are premium would:
Be the same
Go up slightly
,TN LIFE INSURANCE EXAM REVIEW COMPREHENSIVE EXAM
QUESTIONS WITH DETAILED VERIFIED AND 100% ACCURATE
ANSWERS BRAND NEW EXAM ALREADY GRADED A+
Go down - (ANSWER)Go down
Third-party ownership of the policy means:
The policy is owned by the insured
The insured does not on the policy
The insured did not pay the premiums but is the owner of the policy - (ANSWER)The insured does not on
the policy
And underwriters purpose is to protect insurance company:
From standard risk
From preferred risk
From adverse selection - (ANSWER)From adverse selection
When initial premium is not paid, the contract is:
Do to expire after the grace
Valid only for 30 days
Invalid - (ANSWER)Invalid
Life underwriting is generally......... For individual than group policies.
Less restrictive
More restrictive
About the same - (ANSWER)More restrictive
A conditional receipt means for the standard risk:
The policy is affective after the free look.
The coverage becomes effective on the date of application
, TN LIFE INSURANCE EXAM REVIEW COMPREHENSIVE EXAM
QUESTIONS WITH DETAILED VERIFIED AND 100% ACCURATE
ANSWERS BRAND NEW EXAM ALREADY GRADED A+
The policy will not be effective until delivery to applicant - (ANSWER)The coverage becomes effective on
the date of application
Term insurance will never provide:
Death protection
A living benefit
Temporary protection - (ANSWER)A living benefit
If the insured lives to age 100 on whole life coverage, the cash value would be......... Face amount:
Less than
More than
Equal to - (ANSWER)More than
The premium unlimited payment whole life versus continue to pay whole life will be:
Less
Same
More - (ANSWER)More
The cash value unlimited pay whole life versus continue pay whole life would be:
Less
Same
More - (ANSWER)More
This type of life insurance always has a level premium:
Term
Whole
QUESTIONS WITH DETAILED VERIFIED AND 100% ACCURATE
ANSWERS BRAND NEW EXAM ALREADY GRADED A+
It's like insurance risk is rejected based on information in the investigative report the applicant:
Must be called first by the reporting company
Must be given the name and address of the reporting company
Must be given in explanation in written prior to dental
Must give the applicant 10 days to challenge the rejection - (ANSWER)Must be given the name of the
address of the reporting company
On the graded death benefit of a substandard life risk, the insured pays the standard premium for a
20,000 policy but we're probably have this amount of coverage for the face amount :
$15,000
$25,000
$20,000 - (ANSWER)$15,000
The frequency of paying premiums referred to:
Expenses
Grace period
Premium mode - (ANSWER)Premium Mode
Which of the following is not a factor use to determine life insurance rates:
Gender
Mortality
Interest - (ANSWER)Gender
When you reduce the number of payments made by the insured they are premium would:
Be the same
Go up slightly
,TN LIFE INSURANCE EXAM REVIEW COMPREHENSIVE EXAM
QUESTIONS WITH DETAILED VERIFIED AND 100% ACCURATE
ANSWERS BRAND NEW EXAM ALREADY GRADED A+
Go down - (ANSWER)Go down
Third-party ownership of the policy means:
The policy is owned by the insured
The insured does not on the policy
The insured did not pay the premiums but is the owner of the policy - (ANSWER)The insured does not on
the policy
And underwriters purpose is to protect insurance company:
From standard risk
From preferred risk
From adverse selection - (ANSWER)From adverse selection
When initial premium is not paid, the contract is:
Do to expire after the grace
Valid only for 30 days
Invalid - (ANSWER)Invalid
Life underwriting is generally......... For individual than group policies.
Less restrictive
More restrictive
About the same - (ANSWER)More restrictive
A conditional receipt means for the standard risk:
The policy is affective after the free look.
The coverage becomes effective on the date of application
, TN LIFE INSURANCE EXAM REVIEW COMPREHENSIVE EXAM
QUESTIONS WITH DETAILED VERIFIED AND 100% ACCURATE
ANSWERS BRAND NEW EXAM ALREADY GRADED A+
The policy will not be effective until delivery to applicant - (ANSWER)The coverage becomes effective on
the date of application
Term insurance will never provide:
Death protection
A living benefit
Temporary protection - (ANSWER)A living benefit
If the insured lives to age 100 on whole life coverage, the cash value would be......... Face amount:
Less than
More than
Equal to - (ANSWER)More than
The premium unlimited payment whole life versus continue to pay whole life will be:
Less
Same
More - (ANSWER)More
The cash value unlimited pay whole life versus continue pay whole life would be:
Less
Same
More - (ANSWER)More
This type of life insurance always has a level premium:
Term
Whole
