Life Insurance Licensing Test, primerica with complete verified solutions 2025
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Course
Primerica
Institution
Primerica
Which of the following situations requires a person to be licensed?
Receive commissions
The settlement option that would provide a beneficiary with the largest monthly income from a life insurance death benefit is called
Straight life
Which of the following contains the company's pr...
Life Insurance Licensing Test,
primerica with complete verified
solutions 2025
Which of the following situations requires a person to be licensed? -
answer Receive commissions
The settlement option that would provide a beneficiary with the
largest monthly income from a life insurance death benefit is called
- answer Straight life
Which of the following contains the company's promise to pay the
benefits of a policy - answer Insuring clause
The provision that allows an insurer to deduct premiums from the
policy's cash value to prevent the policy from lapsing is a(n) -
answer Automatic premium loan
A whole life insurance policy in which the cash value builds faster
than a 7-PAY whole life policy is called a(n) - answer Modified
endowment contract
Which life nonforfeiture option provides lifetime coverage? - answer
Reduced paid-up
Four individuals, each 35 years old, purchase the life insurance
policies listed below. Which policy will have the largest cash value
after 10 years? - answer 20-pay life
All marketing communications, regardless of their source, are the
responsibility of the - answer Insurance company
, Which of the following is NOT one of the three nonforfeiture
options? - answer Interest only
When an insured sells their life insurance policy to another party in
order to get money for terminal illness expenses, it is known as a(n)
- answer Vatical settlement
Which rider would allow additional insurance at specified ages,
dates or events without evidence of insurability? - answer
Guaranteed insurability
The continuing education requirement for an Indiana life agent is -
answer 24 hours every 2 years
Which of the following life insurance riders would NOT respond to a
loss due to sickness? - answer Multiple Indemnity
An inducement given to an insured in the sale of insurance products
that is not specified in the policy is called - answer Rebating
If a policy is reinstated, insurers may require all the following
EXCEPT - answer Attained age premiums
Which provision of a life insurance policy states that the application
is part of the contract? - answer Entire contract clause
If a cash settlement is chosen, for a death benefit payment, a check
for the amount of the benefit must be sent to the beneficiary no
later than - answer 2 months
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