Primerica exam stimulator
study guide with complete
verified solutions 2025
A provision in a life insurance policy that provides for the early
payment of some portion of the policy face amount should the
insured suffer from a terminal illness or injury is called - answer
Accelerated Benefit provision.
Which of the following would NOT fall into the category of costs
associated with death? - answer The expense of a vacation for
surviving family members
A set of legal or regulatory conditions that affect an insurer's ability
to collect premiums commensurate with the level of risk incurred
would be considered a(n): - answer Legal hazard.
An insured receives an annual life insurance dividend check. What
term best describes this arrangement? - answer Cash option
Which of the following life insurance policies allows a policyowner to
take out a loan from the policy's cash value? - answer Variable
universal life
When both parties to a contract must perform certain duties and
follow rules of conduct to make the contract enforceable, the
contract is - answer Conditional.
In the event of a loss, business overhead insurance will pay for -
answer Rent
, Using a class designation for beneficiaries means - answer Naming
beneficiaries as a group.
All of the following are general requirements of a qualified plan
EXCEPT - answer The plan must provide an offset for social security
benefits.
What type of whole life insurance policy has premiums that are
adjusted so that during the first years of the policy, the premiums
are lower than those of a straight whole life policy, and in
subsequent years the premiums are higher than those of a straight
whole life policy? - answer adjustable life policy
When can earned, surplus be returned to the policyholder? - answer
Whenever it exists and is not needed for other expenses
Which of the following best describes what policy dividends are? -
answer Distribution of excess funds
An agent and an applicant for a life insurance policy fill out and sign
the application. However, the applicant does not wish to give the
agent the initial premium, and no conditional receipt is issued.
When will coverage begins? - answer When the agent delivers the
policy, collects the initial premium, and the applicant completes an
acceptable Statement of Good Health
Which nonforfeiture option has the highest amount of insurance
protection? - answer Extended Term
The title page of the policy provides a summary of the benefits and
coverages provided by the policy. All of the following information is
included in the title page EXCEPT - answer The insured's
beneficiaries.
study guide with complete
verified solutions 2025
A provision in a life insurance policy that provides for the early
payment of some portion of the policy face amount should the
insured suffer from a terminal illness or injury is called - answer
Accelerated Benefit provision.
Which of the following would NOT fall into the category of costs
associated with death? - answer The expense of a vacation for
surviving family members
A set of legal or regulatory conditions that affect an insurer's ability
to collect premiums commensurate with the level of risk incurred
would be considered a(n): - answer Legal hazard.
An insured receives an annual life insurance dividend check. What
term best describes this arrangement? - answer Cash option
Which of the following life insurance policies allows a policyowner to
take out a loan from the policy's cash value? - answer Variable
universal life
When both parties to a contract must perform certain duties and
follow rules of conduct to make the contract enforceable, the
contract is - answer Conditional.
In the event of a loss, business overhead insurance will pay for -
answer Rent
, Using a class designation for beneficiaries means - answer Naming
beneficiaries as a group.
All of the following are general requirements of a qualified plan
EXCEPT - answer The plan must provide an offset for social security
benefits.
What type of whole life insurance policy has premiums that are
adjusted so that during the first years of the policy, the premiums
are lower than those of a straight whole life policy, and in
subsequent years the premiums are higher than those of a straight
whole life policy? - answer adjustable life policy
When can earned, surplus be returned to the policyholder? - answer
Whenever it exists and is not needed for other expenses
Which of the following best describes what policy dividends are? -
answer Distribution of excess funds
An agent and an applicant for a life insurance policy fill out and sign
the application. However, the applicant does not wish to give the
agent the initial premium, and no conditional receipt is issued.
When will coverage begins? - answer When the agent delivers the
policy, collects the initial premium, and the applicant completes an
acceptable Statement of Good Health
Which nonforfeiture option has the highest amount of insurance
protection? - answer Extended Term
The title page of the policy provides a summary of the benefits and
coverages provided by the policy. All of the following information is
included in the title page EXCEPT - answer The insured's
beneficiaries.
