LIFE INSURANCE TENNESSEE STATE TEST questions and answers well illustrated

An engineering firm that would suffer from the death of a project manager should purchase a... - ans A Key Person Life Policy In Tennessee, the MAXIMUM fine that the Commissioner can impose on a produce is ______ per violation. - ans $1,000 Which is true concerning a Variable Universal Life policy? - ans Policy owner controls where the investment will go and selects the amount of the premium payment Company Z has a Cross Purchase Buy-Sell Agreement in place among its three founding partners, if the agreement is funded with individual life insurance, what would it require? - ans Each partner must own a policy on the other partners If a producer commits an act of coercion or intimidation, how would the producer's insurance company be held responsible? - ans The insurer approves the act Which life insurance rider typically appears on a Juvenile life insurance policy? - ans Payor Benefit Rider What is considered to be a characteristic of an immediate annuity? - ans Benefit payments start within one payment period of purchase