Exam (elaborations)
Primerica Practice Exam B Questions with Solutions 2024
- Course
- Institution
Primerica Practice Exam B
[Show more]
Content preview
Primerica Practice Exam B1. The annuity income amount is based on whose life?
A. Owner
B. Insured
C. Annuitant
D. Beneficiary - answer annuitant
2. An injured party to a contract is able to rescind the contract for
A. Representations.
B. Unintentional concealment
C. Health problems
D. Financial difficulties. - answer unintentional concealment
3. A whole life policy that will generate immediate cash value is
A. Single premium.
B. Continuous premium.
C. Modified whole life.
D. Limited pay - answer single premium
4. Which statement is TRUE regarding long-term care training in California?
A. Required training hours are not included for continuing education credits.
B. Training is not required if the rider does not provide services.
C. it is the producer's responsibility to complete the required initial training
D. The initial training requirement is 4 hours of long tem care topics - answertraining is
not required if the rider does no provide services
5. To be fully insured by Social Security, a worker must have how many quarters of
coverage?
A. 6
В. 24
C.32
D. 40 - answer40
6. The Commissioner may suspend an applicant's license without a hearing if the
applicant has had another professional license suspended or revoked within what
masimum time period?
A. 90 days
B. 1 year
C.3 years
D. 5 years - answer5 years
, 7. Group life insurance is written
A. With individual policies.
B. On an individual medical underwriting basis.
C. For the sole purpose of purchasing insurance.
D. With a master contract. - answerwith a master contract
8. The right to a full refund of premiums for insured under age 60 is
A. 10 days
B. 14 days C. 20 days.
D. 30 days. - answer10 days
9. Which annuity settlement stops when the annuitant dies?
A. Cash refund annuity
B. Installment refund annuity
C. Life annuity
D. Period certain annuity - answerlife annuity
10, The waiver of premium rider allows an insurance company to
A. Waive premiums if the insured becomes totally disabled.
B. Waive premiums if the insured becomes partially disabled.
C. Increase an insured's premiums at an attained age
D. Waive the premium in case of unemployment. - answerwaive premiums if the insured
becomes totally disabled
11. All of the following are true about the California Insurance Commissioner EXCEPT
A. Elected by the people of Califormia every four years.
B. Selected by the Governor as an appointee.
C. Has the authority to issue regulations on how to enforce insurance law.
D. Capable of beccoming the conservator of financially impairod, or insolvent, insurers -
answerselected by the governor as an appointee
12. The policy that pays a monthly income to the beneficiary for a stated period of time
and pays the face amount at the end of that period is
A. Family Maintenance policy.
B. Payor Benefit rider.
C. Modified Life policy.
D. Family Income policy. - answerfamily maintenance policy
13. Installing smoke detectors in your home would be an example of risk
A. Avoidance.
B. Retention.
C. Reduction
D. Transfer. - answerreduction
14. Which element is NOT required to be identified in every insurance contract?
A. Persons being insured
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller jw638729. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
73091 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now