Test Bank 1: Primerica Life Insurance ||100% Correct

Primerica Practice Test Part 1 [100% Correct] 2024 An insured under a life insurance policy has been diagnosed with a terminal illness and has 6 months to live. The insured knows that his financial state will worsen even more with the upcoming medical expenses. What option could the insured u...

Primerica Life Insurance State Exam |Question and Answer| 100% Correct Deferred Annuity *Ans* An annuity in which the income payments begin sometime after one year from the date of red annuities can be funded with a single lump sum payment so it is referred to as a single premium differed annu...

Primerica Life Insurance Test Review [100% Correct Answer] Q&A 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...

Primerica Life Insurance Exam |Question and Answer| 100% Correct Agent/Producer *Ans* A legal representative of an insurance company; the classification of -producer- usually includes agents and brokers; agents are the agents of the insurer. Applicant or proposed insured *Ans* a person apply...

Life Insurance Exam 1 (Primerica) #Verified 401k plan *Ans* A qualified retirement plan in which the employee can set aside a portion of their income with pre-tax dollars. Absolute Assignment v. Collateral Assignment *Ans* Absolute: A permanent and irrevocable transfer of rights and/or benef...

Primerica Final Exam Elaboration |Question and Answer| 100% Correct Agent/Producer *Ans* A legal representative of an insurance company; the classification of -producer- usually includes agents and brokers; agents are the agents of the insurer. Applicant or proposed insured *Ans* a person ap...