Tennessee Life Insurance Test Exam 2024 With 100% Correct Answers
TENNESSEE LIFE INSURANCE TEST EXAM 2024 WITH 100% CORRECT ANSWERS What kind of life insurance beneficiary requires his/her consent when a change of beneficiary is made? A. Irrevocable beneficiary B. Tertiary beneficiary C. Primary beneficiary D. Revocable beneficiary - correct answer When can a policyowner change a revocable beneficiary? A. Anytime B. After the consent of the current beneficiary C. Never D. Only if primary beneficiary dies - correct answer K has a life insurance policy where her husband is beneficiary and her daughter is contingent beneficiary. Under the Common Disaster clause, if K and her husband are both killed in an automobile accident, where would the death proceeds be directed? A. Daughter B. Husband's estate C. K's estate D. Trust fund - correct answer T and S are named co-primary beneficiaries on a $500,000 Accidental Death and Dismemberment policy insuring their father. Their mother was named contingent beneficiary. Five years later, S dies of natural causes and the father is killed in a scuba accident shortly afterwards. How much of the death benefit will the mother receive? A. $1,000,000
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- Subido en
- 24 de abril de 2024
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- Escrito en
- 2023/2024
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