Tn life - Study guides, Class notes & Summaries

Questions 1-43, Chapter 1: Completing the Application, Underwriting, and Delivering the Policy Questions 44-105, Chapter 2: Types of Policies Questions 106-149, Chapter 3: Policy Riders, Provisions, Options, and Exclusions Questions 150-184, Chapter 4: Taxes, Retirement, and Other Insurance Concepts Questions 185-218 , Chapter 5: Tennessee Laws and Departmental Rules Common to All Lines What is the purpose of the agent's report during the application process? correct answer: The age...

TN LIFE EXAM REVIEW FULL GUIDE

Steven provided misleading information on his license application. best fits the penalty the Commissioner might impose on Steven? The insurance Commissioner may refuse to issue Steven a license All of following are violations that may lead the insurance Commissioner to suspend or revoke a license EXCEPT: ** Improperly withholding or misappropriating any property received in the course of doing insurance business **Intentionally misrepresenting the terms of an insurance policy **Having...

TN Life and Health Insurance Exam with Complete Solution term -Answer period of time term life insurance -Answer life insurance policy that provides temporary coverage term life insurance -Answer least expensive, cheap, or very low premium life insurance policy face amount/face value -Answer the amount paid to the beneficiary at the insured's death on the 1st page of the policy/contract -Answer where is the face value for a policy listed? group life insurance -Answer term life...

term -Answer period of time term life insurance -Answer life insurance policy that provides temporary coverage term life insurance -Answer least expensive, cheap, or very low premium life insurance policy face amount/face value -Answer the amount paid to the beneficiary at the insured's death on the 1st page of the policy/contract -Answer where is the face value for a policy listed? group life insurance -Answer term life insurance that employer provides to employees; usually $10,000 $50...

TN Life Insurance Exam Review (Questions and answer)

Steven provided misleading information on his license application. best fits the penalty the Commissioner might impose on Steven? correct answer: The insurance Commissioner may refuse to issue Steven a license All of following are violations that may lead the insurance Commissioner to suspend or revoke a license EXCEPT: ** Improperly withholding or misappropriating any property received in the course of doing insurance business **Intentionally misrepresenting the terms of an insurance pol...

term -Answerperiod of time term life insurance -Answerlife insurance policy that provides temporary coverage term life insurance -Answerleast expensive, cheap, or very low premium life insurance policy face amount/face value -Answerthe amount paid to the beneficiary at the insured's death on the 1st page of the policy/contract -Answerwhere is the face value for a policy listed? group life insurance -Answerterm life insurance that employer provides to employees; usually $10,000

Term life insurance shall never provide: a. death protection b. low premiums c. temporary protection d. a living benefit - Answer- 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 - Answer- 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 - Answer- b. equal to ...

term - period of time term life insurance - life insurance policy that provides temporary coverage term life insurance - least expensive, cheap, or very low premium life insurance policy face amount/face value - the amount paid to the beneficiary at the insured's death on the 1st page of the policy/contract - where is the face value for a policy listed? group life insurance - term life insurance that employer provides to employees; usually $10,000 $50,000 - what is the maximum amount the ...