TN LIFE INSURANCE EXAM REVIEW
QUESTIONS AND ANSWERS GRADED A+
2025/2026
Term life insurance shall never provide:
a. death protection
b. low premiums
c. temporary protection
d. a living benefit
d. a living benefit
The premium paid on whole life would be ___________ at the age 25 than age 75:
a. more
b. less
c. same
d. twice the rate
c. same
If the insured lives to age 100 on a whole life coverage, the cash value would be ___________
the face amount:
a. less than
b. equal to
c. more than
d. double
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
,b. equal to
The premium on limited payment whole life vs continuous pay whole life would be:
a. less
b. same
c. more
d. identical
c. more
The cash value on limited payment whole life vs. continuous pay whole life would be:
a. less
b. same
c. more
d. exactly equal
c. more
This type of life insurance always has a level premium:
a. term
b. whole
c. variable
d. annuity
b. whole
How much of the group life of $75,000 would be taxable to the beneficiary:
a. $25,000
b. $50,000
c. $75,000
d. none
d. none
Adjustable life you may change all except:
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
,a. raise the face amount
b. lower the face amount
c. raise the premium
d. lower the premium
a. raise the face amount
A permanent life policy allows policyholders to tie accumulation values to a stock market index.
(i.e., S&P 500):
a. variable life
b. indexed life
c. term life
d. variable universal life
b. indexed life
Third party ownership (not the owner) policy is owned by:
a. co-workers
b. insured is owner
c. corporation or spouse
d. owned by policyholders
c. corporation or spouse
On a joint life last survivorship policy who would collect:
a. beneficiaries of the first to die
b. beneficiaries of the second to die
c. 50% paid to each of the above
d. beneficiaries of either of the first to die
b. beneficiaries of the second to die
This provision would waive the breadwinner's premium on their policy should he/she become
disabled for 90 days:
a. waiver of premium
3 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, b. juvenile
c. payor benefit
d. disability rider
a. waiver of premium
This provision would waive the child's premium on their policy should the parent die or
become disabled:
a. waiver of premium
b. juvenile
c. payor benefit
d. disability rider
c. payor benefit
This life policy, based on the money purchase concept, allows the insured to adjust the policy
face amount, premium and length of protection:
a. adjustable life
b. variable life
c. universal life
d. changeable life
a. adjustable life
This life product could be defined as a one-year renewable term insurance and a cash account
realizing current interest rates:
a. adjustable life
b. universal life
c. variable life
d. variable universal life
b. universal life
This product was the first to take advantage of the equity markets as a hedge against inflation:
a. adjustable life
4 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
QUESTIONS AND ANSWERS GRADED A+
2025/2026
Term life insurance shall never provide:
a. death protection
b. low premiums
c. temporary protection
d. a living benefit
d. a living benefit
The premium paid on whole life would be ___________ at the age 25 than age 75:
a. more
b. less
c. same
d. twice the rate
c. same
If the insured lives to age 100 on a whole life coverage, the cash value would be ___________
the face amount:
a. less than
b. equal to
c. more than
d. double
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
,b. equal to
The premium on limited payment whole life vs continuous pay whole life would be:
a. less
b. same
c. more
d. identical
c. more
The cash value on limited payment whole life vs. continuous pay whole life would be:
a. less
b. same
c. more
d. exactly equal
c. more
This type of life insurance always has a level premium:
a. term
b. whole
c. variable
d. annuity
b. whole
How much of the group life of $75,000 would be taxable to the beneficiary:
a. $25,000
b. $50,000
c. $75,000
d. none
d. none
Adjustable life you may change all except:
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
,a. raise the face amount
b. lower the face amount
c. raise the premium
d. lower the premium
a. raise the face amount
A permanent life policy allows policyholders to tie accumulation values to a stock market index.
(i.e., S&P 500):
a. variable life
b. indexed life
c. term life
d. variable universal life
b. indexed life
Third party ownership (not the owner) policy is owned by:
a. co-workers
b. insured is owner
c. corporation or spouse
d. owned by policyholders
c. corporation or spouse
On a joint life last survivorship policy who would collect:
a. beneficiaries of the first to die
b. beneficiaries of the second to die
c. 50% paid to each of the above
d. beneficiaries of either of the first to die
b. beneficiaries of the second to die
This provision would waive the breadwinner's premium on their policy should he/she become
disabled for 90 days:
a. waiver of premium
3 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, b. juvenile
c. payor benefit
d. disability rider
a. waiver of premium
This provision would waive the child's premium on their policy should the parent die or
become disabled:
a. waiver of premium
b. juvenile
c. payor benefit
d. disability rider
c. payor benefit
This life policy, based on the money purchase concept, allows the insured to adjust the policy
face amount, premium and length of protection:
a. adjustable life
b. variable life
c. universal life
d. changeable life
a. adjustable life
This life product could be defined as a one-year renewable term insurance and a cash account
realizing current interest rates:
a. adjustable life
b. universal life
c. variable life
d. variable universal life
b. universal life
This product was the first to take advantage of the equity markets as a hedge against inflation:
a. adjustable life
4 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
