Free Tennessee Life & Annuities Insurance Practice Exam 2
Prepare for your licensing exam with our realistic state-specific test questions, complete answers, and detailed rationales.
Exam Structure & Overview
Passing the Tennessee insurance exam is the ultimate step toward launching your career as a licensed professional. This practice test consists of 25 high-probability questions sampled to match the general composition of topics tested on the real state licensing examination.
Whether you are preparing for the Life & Annuities lines or a combined license, practicing with mock questions helps cement concepts, improves time management, and reduces test-day anxiety.
Key Practice Focus Areas
- State Laws & Regulations: Specific rules, licensing duties, and consumer protections.
- Policy Provisions & Options: Standard contract clauses, riders, exclusions, and riders.
- General Principles: Underwriting basics, insurance concepts, and legal requirements.
Recommended Study PathTry this practice exam fully. Review each explanation carefully when an answer is submitted. If you feel ready to unlock the full comprehensive question database, visit the main state hub for deeper exam simulations.
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Test 225 Questions
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Life InsuranceTypes of Policies
What is the 'option B' death benefit in a Universal Life policy?
Tennessee Insurance Law & EthicsFree-Look & Grace Periods
A consumer, Helen, receives her new individual life insurance policy. What is the standard free-look period under Tennessee law for a new individual life policy that does not involve replacement?
Tennessee Insurance Law & EthicsProducer licensing
A producer, Charles, is appointed by Apex Life Insurance Company. Who is responsible for filing the notice of appointment with Tennessee Department of Commerce and Insurance (TDCI)?
Life InsuranceLife Insurance Basics
The cash value in a permanent life insurance policy belongs to:
Life InsuranceBeneficiaries
The person or entity designated to receive the death benefit of a life insurance policy is the:
Life InsuranceTypes of Policies
What is the primary purpose of key person life insurance?
AnnuitiesIndexed Annuities
In a fixed-indexed annuity, the 'participation rate' means:
Life InsurancePremiums & Taxes
An Irrevocable Life Insurance Trust (ILIT) is used primarily to:
General InsuranceContracts & Terminology
Which section of an insurance policy lists the perils, property, or persons not covered by the contract?
General InsuranceBasic Principles
The principle that requires both parties to an insurance contract to disclose all material facts is known as:
General InsuranceContracts & Terminology
For a contract to be valid, all parties must be of legal age, mentally capable, and not under the influence of drugs or alcohol. This is the requirement of:
General InsuranceUnderwriting & Policy Issuance
A 'binding receipt' provides:
AnnuitiesVariable Annuities
Mortality and expense (M&E) charges in a variable annuity:
Tennessee Insurance Law & EthicsDuties
A domestic insurer, Volunteer State Life, is undergoing a financial review. How often must the Tennessee Department of Commerce and Insurance (TDCI) Commissioner examine the financial condition of every domestic insurer in Tennessee?
Life InsuranceRiders & Provisions
A collateral assignment of a life insurance policy is used when the policyowner:
Life InsuranceVariable Life
The prospectus for a variable life insurance product must disclose:
AnnuitiesVariable Annuities
The 'assumed interest rate' (AIR) in a variable annuity's payout phase:
Life InsuranceSocial Security (OASDI)
Under Social Security, a fully insured deceased worker's unmarried child under age 18 is entitled to a survivor benefit equal to what percentage of the worker's PIA?
Life InsuranceRiders & Provisions
A 'family term rider' on a life insurance policy provides:
AnnuitiesSuitability & Taxation
An agent is recommending a variable annuity to a 72-year-old client who needs liquid access to their savings for medical expenses. Which of the following is the primary suitability concern in this recommendation?
Life InsuranceRiders & Provisions
What is a Viatical Settlement?
Life InsuranceTerm Life
A term life insurance policy that allows the insured to renew each year without proof of insurability but at increasing premiums is called:
Life InsuranceLife Insurance Basics
Life insurance proceeds paid directly to a named beneficiary (not the insured's estate):
Tennessee Insurance Law & EthicsUnfair trade practices
An agency agrees with another local agency to refuse to sell policies from a specific insurer in order to force that insurer to increase commission rates. What is this agreement classified as?
Tennessee Insurance Law & EthicsClaims handling