missed 2;18 pm

Who is the owner and who is the beneficiary on a Key person life insurance policy?

The employer is the owner and beneficiary.

As a condition for renewal of their licenses, how many hours of continuing education are required for all resident and nonresident insurance producers?

24

Insurance producers licensed in another state who move to Tennessee may apply for a resident license, as long as they do so within how many days of obtaining legal residence?

90 days

Increases annually

Annually Renewable Term policies provide a level death benefit for a premium that?...

Which of the following is a short-term annuity that limits the amounts paid to a specific fixed period or until a specific fixed amount is liquidated?

Annuity certain

Before accepting the initial premium

Assuming that a policy does not contain an unconditional refund provision of at least 10 days, when must a buyer's guide and policy summary be provided?

Which of the following statements concerning buy-sell agreements is true?

Buy-sell agreements are normally funded with a life insurance policy.

Fixed Period

If a beneficiary wants a guarantee that benefits paid from principal and interest would be paid for a period of 10 years before being exhausted, what settlement option should the beneficiary select?

Life income joint and survivor settlement option guarantees

Income for 2 or more recipients until they die.

What is the purpose of a conditional receipt?

It is intended to provide coverage on a date prior to the policy issue.

A participating insurance policy may do which of the following?

Pay dividends to the policy-owner

which of the following is another term for the accumulation period of an annuity?

Pay-in period

Which of the following employees insured under a group life plan would be allowed to convert to individual insurance of the same coverage once the plan is terminated?

Those who have been insured under the plan for at least 5 years.

When would a 20-pay whole life policy endow?

When the insured reaches age 100

endow

to provide with a quality, a thing, or a gift of money