TN Life Insurance Exam Review
(Questions) Comprehensive Practice Test
Study Guide Newest Actual Questions &
Answers (A+ Guide Solutions.
_____________Quiz____________?
Term life insurance shall never provide:
a. death protection
b. low premiums
c. temporary protection
d. a living benefit -
Answer✓✓
d. a living benefit
_____________Quiz____________?
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 -
Answer✓✓
c. same
1
, _____________Quiz____________?
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 -
Answer✓✓
b. equal to
_____________Quiz____________?
The premium on limited payment whole life vs continuous pay whole life would be:
a. less
b. same
c. more
d. identical -
Answer✓✓
c. more
_____________Quiz____________?
The cash value on limited payment whole life vs. continuous pay whole life would be:
a. less
b. same
c. more
d. exactly equal -
2
, Answer✓✓
c. more
_____________Quiz____________?
This type of life insurance always has a level premium:
a. term
b. whole
c. variable
d. annuity -
Answer✓✓
b. whole
_____________Quiz____________?
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 -
Answer✓✓
d. none
_____________Quiz____________?
Adjustable life you may change all except:
a. raise the face amount
b. lower the face amount
3
, c. raise the premium
d. lower the premium -
Answer✓✓
a. raise the face amount
_____________Quiz____________?
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 -
Answer✓✓
b. indexed life
_____________Quiz____________?
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 -
Answer✓✓
c. corporation or spouse
_____________Quiz____________?
On a joint life last survivorship policy who would collect:
4
(Questions) Comprehensive Practice Test
Study Guide Newest Actual Questions &
Answers (A+ Guide Solutions.
_____________Quiz____________?
Term life insurance shall never provide:
a. death protection
b. low premiums
c. temporary protection
d. a living benefit -
Answer✓✓
d. a living benefit
_____________Quiz____________?
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 -
Answer✓✓
c. same
1
, _____________Quiz____________?
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 -
Answer✓✓
b. equal to
_____________Quiz____________?
The premium on limited payment whole life vs continuous pay whole life would be:
a. less
b. same
c. more
d. identical -
Answer✓✓
c. more
_____________Quiz____________?
The cash value on limited payment whole life vs. continuous pay whole life would be:
a. less
b. same
c. more
d. exactly equal -
2
, Answer✓✓
c. more
_____________Quiz____________?
This type of life insurance always has a level premium:
a. term
b. whole
c. variable
d. annuity -
Answer✓✓
b. whole
_____________Quiz____________?
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 -
Answer✓✓
d. none
_____________Quiz____________?
Adjustable life you may change all except:
a. raise the face amount
b. lower the face amount
3
, c. raise the premium
d. lower the premium -
Answer✓✓
a. raise the face amount
_____________Quiz____________?
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 -
Answer✓✓
b. indexed life
_____________Quiz____________?
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 -
Answer✓✓
c. corporation or spouse
_____________Quiz____________?
On a joint life last survivorship policy who would collect:
4
