100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
PRIMERICA LIFE INSURANCE EXAM PRACTICE QUESTIONS AND ANSWERS | 100% PASS £11.01   Add to cart
Quickly navigate to
Preview
  2.  
  3. Life Insurance
  4.  
  5. Life insurance

Exam (elaborations)

PRIMERICA LIFE INSURANCE EXAM PRACTICE QUESTIONS AND ANSWERS | 100% PASS
 7 views  0 purchase
  • Module
  • Life insurance
  • Institution
  • Life Insurance

PRIMERICA LIFE INSURANCE EXAM PRACTICE QUESTIONS AND ANSWERS | 100% PASS An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was not taxable. This year, she did not receive a check from the insurer. From what type of in...

[Show more]

Preview 4 out of 77  pages

Document information

  • September 1, 2024
  • 77
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • primerica life insurance exam practice questions a

Written for

  • Life insurance
  • Life insurance

Seller

avatar-seller
SophiaBennett

Reviews received

Content preview

©SOPHIABENNETT
2024/2025 ACADEMIC YEAR




©SOPHIABENNETT 9/1/24 2024/2025

, PRIMERICA LIFE INSURANCE EXAM
PRACTICE QUESTIONS AND ANSWERS
| 100% PASS

An insured purchased an insurance policy 5 years ago. Last year, she received a

dividend check from the insurance company that was not taxable. This year, she did not

receive a check from the insurer. From what type of insurer did the insured purchase

the policy?




a. mutual

b. reciprocal

c. nonprofit service organization

d. stock - Answer✔️✔️-A. mutual



funds not paid out after paying claims and other operating costs are returned to the

policy owners in the form of a dividend. if all funds are paid out, no dividends are paid

Following a career change, an insured is no longer required to perform many physical

activities, so he has implemented a program where he walks and jogs for 45 minutes

each morning. The insured has also eliminated most fatty foods from his diet. Which

method of dealing with risk does this scenario describe?



a. retention

b. reduction

Page 1 of 76

,c. transfer

d. avoidance - Answer✔️✔️-B. reduction



the insured's change in lifestyle and habits would likely reduce the chances of health

problems

In insurance, an offer is usually made when



a. an applicant submits an application to the insurer

b. the insurer approves the application and receives the initial premium

c. the agent hands the policy to the policyholder

d. an agent explains a policy to a potential applicant - Answer✔️✔️-A. an applicant

submits an application to the insurer



in insurance, the offer is usually made by the applicant in the form of an application.

acceptance takes place when an insurer's underwriter approves the application and

issues a policy

the causes of loss insured against in an insurance policy are known as



a. perils

b. losses

c. risks

d. hazards - Answer✔️✔️-A. perils




Page 2 of 76

, perils are the causes of loss insured against in an insurance policy

what documentation grants express authority to an agent?



a. agents contract with the principal

b. agents insurance license

c. fiduciary contract

d. state provisions - Answer✔️✔️-A. agents contract with the principal



the principal grants authority to an agent through the agent's contract

which of the following best describes an insurance company that has been formed

under the laws of this state?



a. domestic

b. sovereign

c. alien

d. foreign - Answer✔️✔️-A. domestic



a company is domestic when doing business within the state in which it is incorporated

which of the following factors is NOT considered by an underwriter when determining

the premium rates for an individual seeking insurance?



a. medical history

b. sex


Page 3 of 76

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

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 SophiaBennett. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £11.01. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77254 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now

Start selling
£11.01
  • (0)
  Add to cart