Tennessee Life and Health Final Exam- Questions with Complete Solutions (Latest 2025)
Comprehensive Major Medical policies usually combine: -
Correct Answers ✅Major Medical with Basic Hospital/Surgical coverage Which of the following features of a group Term Life policy enables an individual to leave the group and continue his or her insurance without providing evidence of insurability? - Correct Answers ✅Conversion privilege C is the policyowner of a Comprehensive individual Major Medical policy. C pays an annual premium which is due September 1. If C forgets to pay the premium and is hospitalized September 10, how will the insurer handle this claim? - Correct Answers ✅Pay the claim in full minus the premium due insurance company is one formed under the laws of a state outside of Tennessee. - Correct Answers ✅Foreign X is insured with a Disability Income policy that provides coverage until age 65. This policy allows the insurer to change the premium rate for the overall risk class assigned. Which of these renewability features does this policy contain? - Correct Answers ✅Guaranteed renewable 1 / 3
Tennessee Life and Health Final Exam- Questions with Complete Solutions (Latest 2025) Which parts of a life insurance policy are guaranteed to be true? - Correct Answers ✅warranty Which Long Term Care insurance statement is true? - Correct Answers ✅Pre-existing conditions must be covered after the coverage has been in force for six months With Optionally Renewable Health policies, the insurer may - Correct Answers ✅review the policy annually and determine whether or not to renew it Which of these is NOT a reason for a business to buy key person life insurance? - Correct Answers ✅A pension deficiency if the key employee dies Which of these provisions require proof of insurability after a policy has lapsed? - Correct Answers ✅Reinstatement Which of these is NOT an element of Life insurance premiums? - Correct Answers ✅morbidity rate T, age 70, withdraws cash from a profit-sharing plan and purchases a Straight Life Annuity. What will 2 / 3
Tennessee Life and Health Final Exam- Questions with Complete Solutions (Latest 2025) this transaction provide? - Correct Answers ✅Income that cannot be outlived by the owner A Straight Life Annuity will provide an income that the owner cannot outlive.Which of these are NOT an example of a Nonforfeiture option? - Correct Answers ✅Life Income Agent J takes an application and initial premium from an applicant and sends the application and premium check to the insurance company. The insurance company returns the check back to J because the check is made out to J instead of the insurance company. What action should J take? - Correct Answers ✅Return to the customer, collect a new check made out to the insurance company, and send the new check out to the insurance company beneficiary may be changed by the policyowner WITHOUT the consent of the beneficiary - Correct Answers ✅Revocable All of these are considered a producer's breach of fiduciary duty EXCEPT - Correct Answers ✅allowing premiums to be submitted electronically
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