TLAHI Tennessee Life and Accident and Health Insurance Exam - Set 2 - Part 3
Test your knowledge of technical writing concepts with these practice questions. Each question includes detailed explanations to help you understand the correct answers.
Question 41: A terminally ill insured in Memphis wants to receive part of his own death benefit while still living to help pay medical bills, using a feature built into many modern policies. A producer names this feature. Which feature is being described?
Question 42: A beneficiary wants the death benefit paid to her as guaranteed income she cannot outlive, continuing for the rest of her life. A producer names the settlement option that provides lifetime income. Which settlement option is being described?
Question 43: A beneficiary chooses to leave the entire death benefit with the insurer and receive only the interest earnings on it periodically, keeping the principal intact for later. A producer names this settlement option. Which option is being described?
Question 44: One beneficiary wants the proceeds paid out in equal installments over exactly ten years, while another wants a set monthly dollar figure until the money runs out. A producer distinguishes these two settlement options. Which pairing correctly names them?
Question 45: A beneficiary in Knoxville simply wants the whole death benefit paid to her immediately in one payment rather than spread out over time. A producer names the most basic way proceeds can be paid. Which settlement choice is being described?
Question 46: A policyowner adds a provision so that if he becomes totally disabled and cannot work, the insurer will pay his life premiums for him and keep the policy in force. A producer names this rider. Which rider is being described?
Question 47: A young insured wants the guaranteed right to purchase additional life insurance at future dates, such as certain ages or life events, without having to prove good health again. A producer names the rider providing this. Which rider is being described?
Question 48: A policyowner adds a rider that pays an additional amount, often equal to the face value, if the insured dies as the direct result of an accident. A producer names this common rider. Which rider is being described?
Question 49: A parent owns a life policy on a child and adds a provision so that if the parent, who pays the premiums, dies or becomes disabled, the child's coverage continues with premiums waived. A producer names this rider. Which rider is being described?
Question 50: An employee covered under a group life plan leaves her job and wants to keep coverage by moving to an individual policy without proving insurability, within a limited time after employment ends. A producer names this right. Which right is being described?
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