semplr.

Exams · Certifications · Licensing

Life and Health Insurance Producer Exam

Annuities (TN): practice questions

Our Life & Health Insurance bank has 4 questions on this topic. Here are 3 of them with answers; the full mock exam draws from every topic, like the real one.

Start the free mock exam

Question 1 · Tennessee

What annuity training must a Tennessee producer complete before selling annuities?

  1. None, if the producer already holds a life line of authority
  2. An 8-hour course taught by each insurer whose products are sold
  3. A 4-hour course every two years in addition to regular CE
  4. A one-time 4-credit course from a department-approved provider
Show the answer

D. A one-time 4-credit course from a department-approved provider — Tenn. Comp. R. & Regs. 0780-01-86-.07(2)(a)1.-2.

Question 2 · Tennessee

How long must records of the consumer information and disclosures behind an annuity recommendation be kept?

  1. Until the annuity is fully surrendered or annuitized
  2. 10 years after the producer's appointment ends
  3. 5 years after the insurer completes the transaction
  4. 3 years from the date of the recommendation
Show the answer

C. 5 years after the insurer completes the transaction — Tenn. Comp. R. & Regs. 0780-01-86-.09(1).

Question 3 · Tennessee

When recommending an annuity replacement, the producer must consider whether the consumer has had another annuity exchange or replacement within the preceding:

  1. 60 months
  2. 120 months
  3. 36 months
  4. 12 months
Show the answer

A. 60 months — Tenn. Comp. R. & Regs. 0780-01-86-.06(1)(a)10.(iii).

More Life & Health Insurance topics