B is an insurance producer who occasionally engages in financial planning if the cells and insurance policy during the course of a financial planning seminar B must disclose to the client

How long is a temporary license valid?

Who would be liable for an insurance claim on a policy sold by a Tennessee producer and issued by an insurance company, not authorized to conduct business in Tennessee

In a key employee life insurance policy, the third-party owner can be all of the following except

55 year-old recently received $30,000 distribution from a previous employers 401(k) plan -$6000 withholding which federal taxes apply if none of the funds were rolled over

When does a life insurance contract become effective if the initial premium is not collected during the application process?

Which of the following does Social Security not provide benefits for?

In a qualified retirement plan the yearly contributions to an employee’s account

Which of these statements describe a modified endowment contract

Which of these would be considered a limited pay life policy?

Which of these Is not a source of funding for Social Security benefits

All of these insurance products require an agent to have proper FINRA securities registration in order to sell them except for

Who is normally considered to be the owner of a 403B tax, sheltered annuity

An employee requested that the balance of her 401(k) account be sent directly to her in one lump sum upon receipt of the distribution she immediately has the funds rolled over into an IRA. What is the tax consequence of the distribution sent to this employee?

A life insurance policy owner would like to take out a policy loan against the cash value in his whole life policy. The interest rate applied to this loan may vary overtime. This is referred to as a ____ rate Loan.

Whole life insurance policies are contractually guaranteed to provide each of the following except

He has recently signed an application for insurance. The insurer must advise her in writing that investigative consumer report may be conducted according to the.

Which of these is not a reason for purchasing life insurance on the life of a minor?

Which statement about a whole life policy is true

Traditional individual retirement annuity IRA distributions must start by

What action should a producer take if the initial premium is not submitted with the application

Which of the following life insurance policies, combined term insurance with an investment element?

A trustee to trustee transfer of rollover funds in a qualified plan allows a participant to avoid

Which of the following is true about a qualified retirement that is top Heavy

All of these settlement options involve the systematic liquidation of the death proceeds in the event of the insured death except

Be receives yearly dividends, and interest from a participating life insurance policy which of these should be included as gross income for federal income tax purpose

Before an insurance policy is issued, which of these components of the contract is required

M has an insurance policy that also has an outstanding policy loan at the time of M’s death. The insurer will deduct the outstanding loan balance from the.

Which of these retirement plans can be started by an employee even if another plan is an existence

Which settlement option pays a stated amount to an annuitant, but no residual value to a beneficiary

At what time must the policy owner have insurable interest on the insured in order for the life policy to be valid?

What kind of insurance policy supplies and income stream over a set period of time that starts when the insured dies

Insurance policies are considered out to contracts because

A term life insurance policy matures

The Tennessee guaranteed association is subject to review in regulation by the commissioner. A financial statement must be submitted no later than ___ Of each year

An applicant medical information received from the medical information bureau may be furnished to the

The amount of monthly disability benefits, payable under Social Security is affected by which of the following factors

What type of life policy has a death benefit that adjusts periodically and is written for a specific period of time

Additional coverage can be added to a whole life policy by adding aN

Which of these provisions require proof of insurability after a policy has lapsed

Whose life is covered on a life insurance policy that contains a payor benefit class

Which of the following life insurance policies combined insurance with an investment element?

How long does the coverage normally remain on a limited pay life policy?

A return of premium life insurance policy is

The most important factor to consider when determining whether to convert term insurance at the insured attained age or the insured original age is

Dividends paid from a life insurance policy are

An underwriter determines that a life insurance applicants risk should be classified due to a health issue. This policy may be issued with an

A policy that becomes a modified Endowment contract

How are policy owner dividends treated in regards to income tax

The sole proprietor may use this plan only if the employees of this business are included

How are surrender charges deducted in a life policy with a rear-end loaded provision?

A Universal Life policy is sometimes referred to as an unbundled Life Policy because the owner can see the interest earned, cost of insurance, and the

Which of these is NOT a reason for a business to buy key person life insurance?

What does a 401(k) plan generally provide its participants?

A ___ rider May be used to include coverage for children under their parents life insurance policy

Which of these is not an element of life insurance premiums?

Which product would best serve a retired individual looking to invest a lump sum of money through an insurance company

The amount of coverage on a group credit life policy is limited to

All of these statements about equity index life insurance are correct except

A whole life insurance policy does not wish to continue making premium payments, which of the following, and enables the policy owner to sell the policy for more than it’s cash value

Which of the following types of permanent life insurance policies offers the highest initial cash value

K applies for a life insurance policy on herself and submit the initial premium with the application. She has given a receipt by the agent stating that coverage begins immediately if the application is approved, what kind of receipt was used?

What is the underlying concept regarding level premiums?

D Needs life insurance that provides coverage for only a limited amount of time while also paying the lowest possible premium. What kind of policies is needed.

D is the policy owner and insured for $50,000 life insurance policy. The beneficiary is Dee‘s wife D and his wife divorce and D remarries transferring ownership of his policy to his new wife if he dies without making any further changes to whom will the policy proceeds? Be paid to

T took out a $50,000 life insurance policy with an accidental death and dismemberment rider Five years later T commits suicide, how much will the insure pay?

At the age of 45 an individual withdraws a $50,000 from his qualified profit-sharing plan and then deposits this amount into a personal savings account. This action would result in.

The____ has the right to change a life insurance policies beneficiary

K owns a whole life policy if Kay wants an increasing death benefit to protect against inflation, which dividend option should she choose?

A contract where one party either excepts or reject the terms of a contract written by another party is called a contract of

N is covered by a term life policy and does not make the required premium payment which was due August 1 and dies September 15 what action will the insure take?

A life insurance arrangement which circumvent insurable interest statutes is called

Which of the following is true if the owner of an IRA name is their spouse as beneficiary, but then dies before any distributions are made

The free look provision begins

What is being delivered during a policy delivery?

If a contract of adhesion contains complicated language would the interpretation be in favor of

What does the ensuring agreement in a life insurance contract established?

Which writer provides coverage for a child under a parent life insurance policy

Insurance policies are offered on a ticket or leave it basis, which makes them

S is covered by a whole life policy which insurance product can cover his children

___ Of personal life insurance premiums is usually deductible for federal income tax purpose

Which of the following is an example of a non-forfeiture option?

Which of these arrangements allows one to bypass insurable interest laws

Which of the following provisions guarantees that premiums will be waived if a juvenile life policy owner becomes disabled

Additional coverage can be added to a whole life policy by adding

Q purchases a $500,000 life insurance policy and pays $900 in premiums over the first six months. Q die suddenly and the beneficiary is paid $500,000. This exchange of unequal values reflect which of the following insurance contract features.

Company XYZ offers a group term life insurance plan to its employees what does each employee covered under this plan receive

If a corporation pays the premium on a group life policy for its employees, the corporation is required to report how much additional taxable income for each employee

Which of these characteristics is consistent with a straight life policy?

A variable insurance policy

P is the insured on a participating life policy which statement is true if peas premiums are waived due to disability

What benefit does the payor Clause on a juvenile life policy provide

Which of these is not a type of agent authority?

Credit life insurance

F needs life insurance that provides coverage for only a limited amount of time with a death benefit that changes regularly according to a schedule what kind of policy is needed?

The reason for back dating policy is

Which statement is true regarding a variable whole life policy

What action can a policy owner take if an application for a bank loan requires collate

Kay is looking to purchase renewable term insurance which type of term insurance may be renew