Primerica Bundled Cases New 2024,2025Versions Fully Solved 100%

401k - qualified retirement plan that allows employees to take a reduction in their current salaries by deferring amounts into a retirement plan; company can also match the employee's contribution, whether it is dollar for dollar or a percentage; participants over age 50 can contribute additional...

A 25-year old full-time student is living off a trust fund. Why would he NOT qualify for an IRA? - He does not have earned income A college student will graduate next year. His studies have limited his ability to work, so he has borrowed funds to pay for his education - Modified whole life A den...

A couple receives a set amount of income from their annuity. When the wife dies, the husband no longer receives annuity payments. What type of annuity did the couple buy? - Joint Life. A universal life insurance policy has two types of interest rates, what are they? - Guanranteed and Current. Al...

Acceptance - When an insurer's underwriter approves the application and issues a policy Adverse selection - The insuring of risks that are more prone to losses than the average risk. Aleatory - An exchange of unequal amounts or values. "Ypu are not going to pay what you collect." Alien - Insu...

A prospective insured receives a conditional receipt but dies before the policy is issued. The insurer will... - Pay the policy proceeds only if it would have issued the policy An insured pays a $100 premium every month for his insurance coverage, yet the insurer promises to pay $10,000 for a cov...

________ refers to the situations that can only result in a loss or no change - pure risk #39. An agent accepts the premium payment 35 days after it is due, telling the insured that there will not be a problem keeping the policy in force. This is an example of what type of agent authority? a)Expr...

a 10% penalty must be paid on withdrawals made from a qualified plan before age a. 40 b. 70 1/2 c. 59 1/2 d. 65 - C. 59 1/2 A father owns a life insurance policy on his 15-year-old daughter. The policy contains the optional Payor Benefit rider. If the father becomes disabled, what will happen ...