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TN LIFE PRODUCER FINAL EXAM NEWEST 2024 ACTUAL EXAM COMPLETE 100 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW VERSION!!$27.49
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TN LIFE PRODUCER FINAL EXAM NEWEST 2024 ACTUAL EXAM COMPLETE 100 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW VERSION!!
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Course
TN LIFE PRODUCER
Institution
TN LIFE PRODUCER
TN LIFE PRODUCER FINAL EXAM NEWEST
2024 ACTUAL EXAM COMPLETE 100
QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+||BRAND NEW
VERSION!!
TN LIFE PRODUCER FINAL EXAM NEWEST
2024 ACTUAL EXAM COMPLETE 100
QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+||BRAND NEW
VERSION!!
What is the maximum fine that can be imposed by the
Commissioner to a producer who violates an insurance law?
$250
$500
$1,000
No limit to the fine - ANSWER- $1,000 per violation
The premiums paid by an employer for his employee's group life
insurance are usually considered to be:
tax-deductible to the employer
partially deductible to the employee
tax-deductible to the employee
,2|Page
taxable income to the employee - ANSWER- tax-deductible to
the employer
An insured may normally delay the payment of a cash value
loan or surrender value for up to
2 months
4 months
6 months
8 months - ANSWER- 6 months
T purchased a $100,000 single premium, Straight Life annuity 5
years ago. He has received monthly payments since the
inception of the annuity. If T dies, the insurance company,
-does NOT have to make any further payments
-MUST make full payments to the beneficiary
-MUST make half-payments to the beneficiary
-has the option to continue making payments based on what has
already been paid out - ANSWER- does NOT have to make any
further payments
Information obtained from a phone conversation to the proposed
insured can be found in which of these reports?
Agents report
P is looking to purchase a life insurance policy that will pay a
stated monthly income to his beneficiaries for 20 years after he
dies and a lump sum of $20,000 at the end of that 20 year
period. What type of policy should P purchase?
Family Benefit policy
Family Maintenance policy
Family income policy
Family Survivor policy - ANSWER- Family Maintenance policy
The Commissioner notifies the association of an insolvent
insurer no later than ____ after receiving notice of the insurer's
insolvency
3 days
5 days
10 days
30 days - ANSWER- 3 days
What type of policy would offer a 40-year old the quickest
accumulation of cash value?
, 4|Page
Paid-up at 65
20-pay life
30-pay life
Straight whole life - ANSWER- 20-pay life
Which of these is NOT a fair marketing practice when an
existing insurance policy is being replaced?
Offer the same coverage for a lower price
Reduce the cost by lowering the commission
Reduce the cost by raising the deductible as long as the insured
is notified
Offer better coverage for the same price - ANSWER- Reduce
the cost by lowering the commission
Which of these statements about a Guaranteed Insurability
Option rider is NOT TRUE?
Coverage can be added at specific events such as marriage or
having a child
Evidence of insurability is not required when the option is
exercised
Evidence of insurability is required when the option is exercised
Coverage can be added at specific ages - ANSWER- Evidence
of insurability is required when the option is exercised
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