Primerica Life Insurance Test (with Complete Solutions) PRIMERICA LIFE INSURANCE EXAM (A+ GUARANTEED) Primerica-Life Insurance (All Possible Questions and Answers) Primerica - Life Insurance Exam (100% Correct Answers) Life Insurance Primerica (100% Accurate Solutions) Primerica Life & Health Insur...
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An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was not taxable. This year, she did not receive a check from the insurer. From what type of insurer did the insured purchase the policy? a. mutual b. reciprocal c. nonp...
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Add to cartAn insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was not taxable. This year, she did not receive a check from the insurer. From what type of insurer did the insured purchase the policy? a. mutual b. reciprocal c. nonp...
Stranger-oriented life insurance policies are in direct opposition to the principle of a. law of large numbers b. good faith c. indemnity d. insurable interest correct answers d. insurable interest-STOLI purchaser doesn't know the insured, or have any interest in the insured's longevity, so it...
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Add to cartStranger-oriented life insurance policies are in direct opposition to the principle of a. law of large numbers b. good faith c. indemnity d. insurable interest correct answers d. insurable interest-STOLI purchaser doesn't know the insured, or have any interest in the insured's longevity, so it...
What is insurance? correct answers Transfer of the possibility of loss (risk) to an insurance company. What is a risk? correct answers The uncertainty of financial loss There are two types of loss correct answers Pure and Speculative Which type of loss is insurable? correct answers Pure ...
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Add to cartWhat is insurance? correct answers Transfer of the possibility of loss (risk) to an insurance company. What is a risk? correct answers The uncertainty of financial loss There are two types of loss correct answers Pure and Speculative Which type of loss is insurable? correct answers Pure ...
401 k plan correct answers A qualified retirement plan in which the employee can set aside a portion of their income with pre-tax dollars. Absolute Assignment v. Collateral Assignment correct answers Absolute: A permanent and irrevocable transfer of rights and/or benefits by the policyown...
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Add to cart401 k plan correct answers A qualified retirement plan in which the employee can set aside a portion of their income with pre-tax dollars. Absolute Assignment v. Collateral Assignment correct answers Absolute: A permanent and irrevocable transfer of rights and/or benefits by the policyown...
If the agent fails to obtain an applicant's signature on the application, the agent must: a) Sign the application, stating it was by the agent b) Send the application to the insurer with a note explaining the absence of the signature c) Return the application for a signature d) Sign the applica...
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Add to cartIf the agent fails to obtain an applicant's signature on the application, the agent must: a) Sign the application, stating it was by the agent b) Send the application to the insurer with a note explaining the absence of the signature c) Return the application for a signature d) Sign the applica...
What limits the amount that a policyowner may borrow from a whole life insurance policy? correct answers Cash value What is NOT true about a joint and survivor annuity benefit option? correct answers Payments stop after the first death among the annuitants. If a beneficiary wants a guarantee t...
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Add to cartWhat limits the amount that a policyowner may borrow from a whole life insurance policy? correct answers Cash value What is NOT true about a joint and survivor annuity benefit option? correct answers Payments stop after the first death among the annuitants. If a beneficiary wants a guarantee t...
An example of an alien insurer doing business in this state is one formed under the laws of correct answers Mexico Partners in a business want to make sure that if correct answers Buy-Sell Agreement Ten years ago an insured purchased a life insurance policy designed to pay his family $500 corr...
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Add to cartAn example of an alien insurer doing business in this state is one formed under the laws of correct answers Mexico Partners in a business want to make sure that if correct answers Buy-Sell Agreement Ten years ago an insured purchased a life insurance policy designed to pay his family $500 corr...
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