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PRIMERICA LIFE INSURANCE EXAM bundle WITH 100% CORRECT ANSWERS 2024
PRIMERICA LIFE INSURANCE EXAM bundle WITH 100% CORRECT ANSWERS 2024
[Show more]PRIMERICA LIFE INSURANCE EXAM bundle WITH 100% CORRECT ANSWERS 2024
[Show more]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. nonp...
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Add to cartAn 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. nonp...
An insurer has made all of the decisions regarding the provisions included in the insured's policy. The insured finds an objectionable provision and wants to negotiate it with the insurer but is not allowed to do so. Her only options are to reject the policy or accept it as is. Which contract featu...
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Add to cartAn insurer has made all of the decisions regarding the provisions included in the insured's policy. The insured finds an objectionable provision and wants to negotiate it with the insurer but is not allowed to do so. Her only options are to reject the policy or accept it as is. Which contract featu...
The receipt given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) - Answer--conditional receipt 
 
Statements in the application for insurance that are believed to be true to the best of the applicant's knowledge are called - ...
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Add to cartThe receipt given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) - Answer--conditional receipt 
 
Statements in the application for insurance that are believed to be true to the best of the applicant's knowledge are called - ...
1. An annuity that is purchased with a lump sum premium and whose benefits begin after 12 months is called a: 
A. Single premium immediate annuity. 
B. Single premium deferred annuity. 
C. Level premium variable annuity. 
D. Flexible premium fixed annuity. - Answer--Single premium deferred annu...
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Add to cart1. An annuity that is purchased with a lump sum premium and whose benefits begin after 12 months is called a: 
A. Single premium immediate annuity. 
B. Single premium deferred annuity. 
C. Level premium variable annuity. 
D. Flexible premium fixed annuity. - Answer--Single premium deferred annu...
Stranger-oriented life insurance policies are in direct opposition to the principle of 
a. law of large numbers 
b. good faith 
c. indemnity 
d. insurable interest - Answer--d. insurable interest-STOLI purchaser doesn't know the insured, or have any interest in the insured's longevity, so it vi...
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Add to cartStranger-oriented life insurance policies are in direct opposition to the principle of 
a. law of large numbers 
b. good faith 
c. indemnity 
d. insurable interest - Answer--d. insurable interest-STOLI purchaser doesn't know the insured, or have any interest in the insured's longevity, so it vi...
The paid-up addition option uses the dividend - To purchase a smaller amount of the same type of insurance as the original policy. 
 
An applicant for insurance is requesting more information from her agent about a claim that is currently being settled. Within what time period must the agent respond...
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Add to cartThe paid-up addition option uses the dividend - To purchase a smaller amount of the same type of insurance as the original policy. 
 
An applicant for insurance is requesting more information from her agent about a claim that is currently being settled. Within what time period must the agent respond...
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