TN LIFE PRODUCER FINAL EXAM NEWEST
ACTUAL EXAM WITH COMPLETE
QUESTIONS AND DETAILED ANSWERS
GRADED A | BRAND NEW!!!
What type of life insurance incorporates flexible premiums and
an adjustable death benefit?
Endowment Policy
Modified Whole Life
Decreasing Term
Universal Life - ✔✔✔ Correct Answer > Universal Life
An IRA owner can start making withdrawals and NOT be
subjected to a tax penalty beginning at what age?
70 1/2
65
55
59 1/2 - ✔✔✔ Correct Answer > 59 1/2
,Traditional individual retirement annuity (IRA) distributions
must start by:
-Age 59 1/2
-age 65
-April 1st of the year following the year the participant attains
age 59 1/2
-April 1st of the year following the year the participant attains
age 70 1/2 - ✔✔✔ Correct Answer > April 1st of the year
following the year the participant attains age 70 1/2
A student pilot can pay regular premium costs for her life
insurance policy with the addition of which of the following?
Guaranteed Insurability rider
Aviation exclusion
Impairment rider
Accidental Death Benefit rider - ✔✔✔ Correct Answer >
Aviation exclusion
An agent needs to complete ___ of continuing education every
___ years.
25;2
24;3
,24;2
25;2 - ✔✔✔ Correct Answer > 24;2
Which type of life insurance beneficiary requires his/her
consent when a change of beneficiary is attempted by the
policyowner?
Irrevocable beneficiary
Tertiary beneficiary
Primary beneficiary
Revocable beneficiary - ✔✔✔ Correct Answer > Irrevocable
beneficiary
All individuals covered under a group contract will receive a(n)
certificate
receipt of coverage
master policy
individual policy - ✔✔✔ Correct Answer > certificate
Which of the following statements about accumulated interest
earned on dividends from an insurance policy is TRUE?
Partially taxable
, Tax Deductible
Nontaxable
Taxed as ordinary income - ✔✔✔ Correct Answer > Taxed as
ordinary income
Which of the following is an example of defamation?
-Making statements that encourage the purchase of term life
insurance over whole life insurance
-Publishing a newsletter that makes reference to reputable
brokers in the area
-Circulation brochures that falsely denounce the financial
condition of an insurer
-Issuing pamphlets containing false information about term life
insurance - ✔✔✔ Correct Answer > Circulating brochures that
falsely denounce the financial condition of an insurer
D is the policyowner and insured for a $50,000 life insurance
policy. The beneficiary is D's wife. D and his wife divorce and D
remarries, transferring ownership of his policy to his new wife.
If D dies without making any further changes, to whom will the
policy proceeds be paid to?
Ex-wife
Current wife
ACTUAL EXAM WITH COMPLETE
QUESTIONS AND DETAILED ANSWERS
GRADED A | BRAND NEW!!!
What type of life insurance incorporates flexible premiums and
an adjustable death benefit?
Endowment Policy
Modified Whole Life
Decreasing Term
Universal Life - ✔✔✔ Correct Answer > Universal Life
An IRA owner can start making withdrawals and NOT be
subjected to a tax penalty beginning at what age?
70 1/2
65
55
59 1/2 - ✔✔✔ Correct Answer > 59 1/2
,Traditional individual retirement annuity (IRA) distributions
must start by:
-Age 59 1/2
-age 65
-April 1st of the year following the year the participant attains
age 59 1/2
-April 1st of the year following the year the participant attains
age 70 1/2 - ✔✔✔ Correct Answer > April 1st of the year
following the year the participant attains age 70 1/2
A student pilot can pay regular premium costs for her life
insurance policy with the addition of which of the following?
Guaranteed Insurability rider
Aviation exclusion
Impairment rider
Accidental Death Benefit rider - ✔✔✔ Correct Answer >
Aviation exclusion
An agent needs to complete ___ of continuing education every
___ years.
25;2
24;3
,24;2
25;2 - ✔✔✔ Correct Answer > 24;2
Which type of life insurance beneficiary requires his/her
consent when a change of beneficiary is attempted by the
policyowner?
Irrevocable beneficiary
Tertiary beneficiary
Primary beneficiary
Revocable beneficiary - ✔✔✔ Correct Answer > Irrevocable
beneficiary
All individuals covered under a group contract will receive a(n)
certificate
receipt of coverage
master policy
individual policy - ✔✔✔ Correct Answer > certificate
Which of the following statements about accumulated interest
earned on dividends from an insurance policy is TRUE?
Partially taxable
, Tax Deductible
Nontaxable
Taxed as ordinary income - ✔✔✔ Correct Answer > Taxed as
ordinary income
Which of the following is an example of defamation?
-Making statements that encourage the purchase of term life
insurance over whole life insurance
-Publishing a newsletter that makes reference to reputable
brokers in the area
-Circulation brochures that falsely denounce the financial
condition of an insurer
-Issuing pamphlets containing false information about term life
insurance - ✔✔✔ Correct Answer > Circulating brochures that
falsely denounce the financial condition of an insurer
D is the policyowner and insured for a $50,000 life insurance
policy. The beneficiary is D's wife. D and his wife divorce and D
remarries, transferring ownership of his policy to his new wife.
If D dies without making any further changes, to whom will the
policy proceeds be paid to?
Ex-wife
Current wife
