1|Page
TN LIFE PRODUCER FINAL EXAM NEWEST 2025
ACTUAL EXAM COMPLETE 100 QUESTIONS AND
CORRECT DETAILED ANSWERS WITH RATIONALES
(VERIFIED ANSWERS) |ALREADY GRADED
A+||LATEST EXAM!!!
Which statement is true in regards to a policy loan? -
Answer-Past-due interest on a policy loan is added to the
total cost
An individual who purchases a life annuity is given
protection against - Answer-the risk of living longer than
expected
A trustee-to-trustee transfer of rollover funds in a qualified
plan allows a participant to avoid - Answer-mandatory
income tax withholding on the transfer amount
J chooses a monthly premium payment mode on his
whole life insurance policy. Which of these statements is
correct? - Answer-The gross premium is higher on a
monthly payment mode as compared to being paid
annually
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Which of these is a valid Tennessee regulation for referral
fees? - Answer-The commissioner may establish by rule a
maximum amount for each referral
an engineering firm that would suffer financially from the
death of a project manager should purchase a - Answer-
key person life policy
S buys a $10,000 Whole Life policy in 2003 and pays an
annual premium of $100. S dies 5 years later in 2008 and
the insurer pays the beneficiary $10,500. What kind of
rider did S include on the policy? - Answer-Return of
premium rider
In order for coverage on a non-medical insurance
application to take effect the same day, the producer must
collect a signed application and - Answer-the initial
premium
A long-term care rider in a life insurance policy pays a
daily benefit in the event of which of the following? -
Answer-inability of the insured to perform more than 2
activities of daily living (ADL's)
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J applies for an insurance policy. What BEST describes
the particular terms of this policy? - Answer-Policy
summary
All are true statements regarding the underwriting process,
except - Answer-AIDS and HIV virus exams can be
conducted in a discriminatory fashion
On a life insurance policy, who is qualified to change the
beneficiary designation? - Answer-policy owner
N purchases an annuity by making payments in an
amount no less than $100 quarterly. This describes which
of the following annuities? - Answer-Flexible installment
deferred
Who benefits in Investor-Originated Life Insurance (IOLI)
when the insured dies? - Answer-policy owner
What group term life feature permits an individual to
depart from the group and continue to be covered without
providing evidence of insurability? - Answer-conversion
TN LIFE PRODUCER FINAL EXAM NEWEST 2025
ACTUAL EXAM COMPLETE 100 QUESTIONS AND
CORRECT DETAILED ANSWERS WITH RATIONALES
(VERIFIED ANSWERS) |ALREADY GRADED
A+||LATEST EXAM!!!
Which statement is true in regards to a policy loan? -
Answer-Past-due interest on a policy loan is added to the
total cost
An individual who purchases a life annuity is given
protection against - Answer-the risk of living longer than
expected
A trustee-to-trustee transfer of rollover funds in a qualified
plan allows a participant to avoid - Answer-mandatory
income tax withholding on the transfer amount
J chooses a monthly premium payment mode on his
whole life insurance policy. Which of these statements is
correct? - Answer-The gross premium is higher on a
monthly payment mode as compared to being paid
annually
,2|Page
Which of these is a valid Tennessee regulation for referral
fees? - Answer-The commissioner may establish by rule a
maximum amount for each referral
an engineering firm that would suffer financially from the
death of a project manager should purchase a - Answer-
key person life policy
S buys a $10,000 Whole Life policy in 2003 and pays an
annual premium of $100. S dies 5 years later in 2008 and
the insurer pays the beneficiary $10,500. What kind of
rider did S include on the policy? - Answer-Return of
premium rider
In order for coverage on a non-medical insurance
application to take effect the same day, the producer must
collect a signed application and - Answer-the initial
premium
A long-term care rider in a life insurance policy pays a
daily benefit in the event of which of the following? -
Answer-inability of the insured to perform more than 2
activities of daily living (ADL's)
, 3|Page
J applies for an insurance policy. What BEST describes
the particular terms of this policy? - Answer-Policy
summary
All are true statements regarding the underwriting process,
except - Answer-AIDS and HIV virus exams can be
conducted in a discriminatory fashion
On a life insurance policy, who is qualified to change the
beneficiary designation? - Answer-policy owner
N purchases an annuity by making payments in an
amount no less than $100 quarterly. This describes which
of the following annuities? - Answer-Flexible installment
deferred
Who benefits in Investor-Originated Life Insurance (IOLI)
when the insured dies? - Answer-policy owner
What group term life feature permits an individual to
depart from the group and continue to be covered without
providing evidence of insurability? - Answer-conversion
