primerica Exam IV with complete verified solutions 2025
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Course
Primerica
Institution
Primerica
2. A new Commissioner or Director is put into office.
48.All of the following events will terminate a producer's certificate of
appointment EXCEPT (Choose from the following options)
1. A producer's license is suspended or revoked by the Department of Insurance
2. A new Commissioner or Director...
primerica Exam IV with complete
verified solutions 2025
2. A new Commissioner or Director is put into office. - answer 48.All
of the following events will terminate a producer's certificate of
appointment EXCEPT (Choose from the following options)
1. A producer's license is suspended or revoked by the Department
of Insurance
2. A new Commissioner or Director is put into office
3. A producer's license expires and is not renewed
4. A termination issued by the appointing insurer.
2. The policyowner can specify the way proceeds are split in the
policy - answer 47.The owner of a life insurance policy wishes to
name two beneficiaries for the policy proceeds. What will the
soliciting insurance producer say? (Choose from the following
options)
1. The proceeds will be split evenly between the two beneficiaries
2. The policyowner can specify the way proceeds are split in the
policy
3. The way proceeds are split between beneficiaries is decided by
which type of policy is chosen
4. Life insurance policies may have only one beneficiary.
1. They earn lower interest rates than fixed annuities.
Equity Indexed Annuities invest on an aggressive basis in order to
yield higher returns. Like a fixed annuity, Equity Indexed Annuities
have guaranteed minimum interest rates. The insurance company
often keeps a predetermined percentage of the return and pays the
rest to the annuity owner. Equity Indexed Annuities are less risky
than variable annuities and earn higher interest rates than fixed
, annuities - answer 46.Which of the following is NOT true regarding
Equity Indexed Annuities? (Choose from the following options)
1. They earn lower interest rates than fixed annuities
2. The insurance company keeps a percentage of the returns
3. They have guaranteed minimum interest rates
4. They are less risky than variable annuities.
3. Single Premium - answer 45.Which type of life insurance policy
generates immediate cash value? (Choose from the following
options)
1. Decreasing Term
2. Continuous premium
3. Single Premium
4. Level Term
4)The illustration must stay exactly as it is.
If an agent uses the illustrations of an insurer, it must first be
approved, and the agent may not alter the illustrations in any way. -
answer 44.An agent wants to include an illustration written by his
insurance company. Which of the following best describes the
conditions under which he may use the illustration? (Choose from
the following options)
1. The illustration can only be used for a month before it requires
re-approval
2. Illustrations must accurately portray what would be included in a
potential contract
3. All changes must be submitted to the insurer before approval
4. The illustration must stay exactly as it is.
3. Changing Michigan Insurance Code - answer 43.Which of the
following functions may a producer with a temporary insurance
license NOT perform? (Choose from the following options)
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