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PRIMERICA PRACTICE LIFE EXAM 2024 WITH 100% ACCURATE ANSWERS
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PRIMERICA PRACTICE LIFE EXAM 2024 WITH 100% ACCURATE ANSWERS
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PRIMERICA PRACTICE LIFE EXAM 2024WITH 100% ACCURATE ANSWERS
, PRIMERICA PRACTICE LIFE EXAM 2024
WITH 100% ACCURATE ANSWERS
Which of the following is NOT a characteristic of pure risk? - correct answersThe loss must be
catastrophic.
Which of the following terms is defined by the California Insurance Code as unassigned funds that must
be reported on a stock insurer's annual statement? - correct answersEarned surplus
Stranger-originated life insurance policies are in direct opposition to the principle of - correct
answersInsurable interest.
A tax-sheltered annuity is a special tax-favored retirement plan available to - correct answersCertain
groups of employees only.
What is the minimum free-look period for newly issued life insurance policies in this state? - correct
answers10 days
All of the following entities regulate variable life policies EXCEPT - correct answersThe Guaranty
Association.
What is the main purpose of the Seven-pay Test? - correct answersIt determines if the insurance policy
is a MEC.
A tornado that destroys property would be an example of which of the following? - correct answersA
peril
The paid-up addition option uses the dividend - correct answersTo purchase a smaller amount of the
same type of insurance as the original policy.
A Return of Premium term life policy is written as what type of term coverage? - correct
answersIncreasing
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