Primerica life insurance state exam Questions and Answers (2024 / 2025) (Verified Answers)PDF

1. Deferred Annuity Answer An annuity in which the income payments begin sometime after one year from the date of red annuities can be funded with a single lump sum payment so it is referred to as a single premium differed annuities. 2. Human life values approach Answer Calculates an individual's life value by looking at the insureds future wages,inflation,the number of years to retirement,and the time value of money. 3. What time must the producer present the applicant with a notice regarding replacement of life insurance Answer Producers must present to the applicant a notice regarding replacement that is signed by both the applicant and the producer. A copy must be left with the applicant. 4. Risk Answer Is the uncertainty or chance of a loss occurring. 5. MIB (medical information bureau Answer MIB is a non profit trade organization which receives adverse medical information from insurance companies and maintains confidential medical impairment information on individuals 6. Perjury Answer If a person signs a fraudulent claim form,that person may be found guilty