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Primerica Life Insurance Exam With Complete Solution Latest @ 2023
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Primerica Life Insurance Exam With Complete Solution Latest @ 2023...
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Primerica Life Insurance Exam With Complete Solution Latest @ 2023 Agents who persuade insureds to cancel a policy in favor of another one when it might not be in the insured's best interest are guilty of - Answer Twisting. If a contract provides a set amount of income for two or more persons with the income stopping upon the first death of the insured, it is called a - Answer Joint life annuity. If an agent wishes to sell variable life policies, what license must the agent ob tain? - Answer Securiti es If a life insurance policy develops cash value faster than a seven-pay whole life contract, it becomes a/an - Answer Modified endowment contract. All of the following are true about variable products EXCEPT - Answer The premiums are invested in the insurer's general account. A new insurance must be treated as a replacement if a new insurer sells a policy to a group which discontinued its group medical insurance within how many days? - Answer 60 The annuity owner dies while the annuity is still in the accumulation stage. Which of th e following is TRUE? - Answer The beneficiary will receive the greater of the mone y paid into the annuity or the cash value. Which of the following insurance options would be considered a risk-sharing arrangement? - Answer Reciprocal For how long is an insurance company allowed to defer policy loan requests? - Answer 6 months Which of the following does NOT apply to Errors and Omissions liability contracts? - Answer They are written for the clients of the producer covered by the policy. Which of the following is NOT true of life settlements? - Answer The seller mu st be terminally ill. All of the following are true regarding a qualified annuity EXCEPT - Answer At distribution, all amounts received by the employee are tax free.The benefits of buying summaries with Stuvia:
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