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PRIMERICA LIFE INSURANCE EXAM 2024 ACTUAL EXAM 2 VERSIONS (VERSION A AND B) COMPLETE 500 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) / ALREADY GRADED A+$20.49
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PRIMERICA LIFE INSURANCE EXAM 2024 ACTUAL EXAM 2 VERSIONS (VERSION A AND B) COMPLETE 500 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) / ALREADY GRADED A+
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PRIMERICA LIFE INSURANCE 2024
Institution
PRIMERICA LIFE INSURANCE 2024
PRIMERICA LIFE INSURANCE EXAM 2024 ACTUAL EXAM 2 VERSIONS (VERSION A AND B) COMPLETE 500 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) / ALREADY GRADED A+
PRIMERICA LIFE INSURANCE EXAM 2024
ACTUAL EXAM 2 VERSIONS (VERSION A
AND B) COMPLETE 500 QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS) / ALREADY
GRADED A+
an insured has continuous premium whole life
policy. She would like to use the policy dividends to
pay off her policy sooner than would have been
possible otherwise. What dividend option could she
use?
a. paid-up option
b. one-year term
c. reduction of premium
d. accumulation at interest - ....ANSWER...A. paid-up
option
,A producer is helping a married couple determine
the financial needs of their children in the event one
or both should die prematurely. This is a personal
use of life insurance known as
a. survivorship insurance
b. juvenile protection provision
c. survivor protection
d. life planning - ....ANSWER...C. survivor protection
life insurance can provide the funds necessary for
the survivors of the insured to be able to maintain
their lifestyle in the event of the insured's death. this
is known as survivor protection
an agent offers his client free tickets to a sporting
even in exchange for the purchase of an insurance
policy. the agent is guilty of
a. rebating
b. coercion
c. twisting
d. controlled business - ....ANSWER...A. rebating
,when producers give or promise anything of value
that is not specified in the policy, they are guilty of
rebating
which of the following statements about group life is
correct?
a. the cost of coverage is based on the ratio of men
and women in the group
b. the premiums are higher than in an individual
policy because there is no medical exam
c. the group sponsor receives a certificate of
insurance
d. the ploy can be converted to an individual term
insurance policy - ....ANSWER...A. the cost of
coverage is based on the ratio of men and women in
the group
When would a 20-pay whole life policy endow?
a) After 20 payments
b) In 20 years
, c) When the insured reaches age 100
d) At the insured's age 65 - ....ANSWER...C. when the
insured reaches age 100
a limited-pay whole life policy, just like straight life,
endows for the face amount if the insured lives to
age 100. the premium is however completely paid off
in 20 years
If $100,000 of life insurance proceeds were used in a
settlement option, which paid $13,000 per year for
ten years, which of the following would be taxable
annually?
a. $3,000
b. $13,000
c. $10,000
d. $7,000 - ....ANSWER...A. $3,000
if $100,000 of life insurance proceeds were used in a
settlement option paying $13,000 per year for 10
years. $10,000 per year would be income tax free (as
principal) and $3,000per year would be income
taxable (as interest)
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