100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
TN LIFE PRODUCER FINAL EXAM 2024 ACTUAL EXAM COMPLETE ACCURATE EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+$0.00
11/6/24, 4:52 PM TN Life Producer Exam Flashcards | Quizlet
TN Life Producer Exam
Terms in this set (101)
The automatic Premium Avoid a policy lapse
Loan Provision is designed
to:
-Provide a source of
revenue to the insurance
company
-Avoid a policy lapse
-Allow a policyowner to
request a policy loan
-allow a policyowner to
take out additional
coverage without
evidence of insurability
All of these are Allowing premiums to be submitted electronically
considered a producers
breach of fiduciary duty
EXCEPT:
Misappropriation of
premiums
Conversion of premiums
Improper withholding of
premiums
Allowing premiums to be
submitted electronically
,11/6/24, 4:52 PM TN Life Producer Exam Flashcards | Quizlet
A(n) _______ ________ Life Variable Universal
policy combines
investment choices with a
form of Term coverage:
Straight Whole
Variable Universal
Variable Term
Adjustable Universal
When engaged in an Insurer
insurance transaction in
Tennessee, the producer
represents the:
insured
Commissioner
beneficiary
insurer
What is the maximum 100
number of employees
(earning at least $5,000)
that an employer can have
in order to start a SIMPLE
retirement plan?
25
50
100
250
Who has the right to Policyowner
change a revocable
beneficiary?
Beneficiary
Agent
Insurance Agency
Policyowner
,11/6/24, 4:52 PM TN Life Producer Exam Flashcards | Quizlet
An architecture firm would Key Person insurance
stand to lose a lot of
money in the event of the
death of its project
manager. Which type of
policy should the firm
purchase on its project
manager?
Universal Life insurance
Key Person insurance
Graded insurance
Executive insurance
What benefit does the Premiums are waived if the
Payor clause on a Juvenile payor becomes disabled
Life policy provide?
-Allows payor to assign
ownership in the event
payor becomes disabled
-Allows payor to increase
face amount without
providing evidence of
insurability
-Premiums are waived if
juvenile becomes disabled
-Premiums are waived if
payor becomes disabled
All of the following are Bilateral
considered to be typical
characteristics describing
the nature of an insurance
contract, EXCEPT:
Bilateral
Unilateral
Aleatory
Adhesion
Typically a life insurance Settlement
death benefit is paid as a
lump-sum payment. A(n)
_________ option is a method
of distributing a Life
Insurance policy's death
benefit OTHER than by a
lump sum payment.
Settlement
Dividend
Conversion
Aleatory
Which of the following Must have a terminal illness to
statements is CORRECT qualify
about accelerated death
benefits?
-The full face amount is
available as an
accelerated benefit
-Those on Social Security
disability automatically
qualify for this benefit
-This provision is usually
provided with an increase
in premium
-Must have a terminal
illness to qualify
A life insurance policy insurable interest
would be considered a
wagering contract
WITHOUT
insurable interest
premium payment
agent solicitation
constructive delivery
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Nursequeen. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $0.00. You're not tied to anything after your purchase.
