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LIFE INSURANCE PRIMERICA STUDY TEST WITH ALLANSWERS UPDATED.
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LIFE INSURANCE PRIMERICA STUDY TEST WITH ALLANSWERS UPDATED.
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LIFE INSURANCEPRIMERICA STUDY
TEST WITH
ALLANSWERS
UPDATED
401CkCplanC-CcorrectCanswer-ACqualifiedCretirementCplanCinCwhichCtheC
employeeCcanCsetCasideCaCportionCofCtheirCincomeC
withCpre-taxCdollars.
AbsoluteCAssignmentCv.CCollateralC
AssignmentC-CcorrectCanswer-Absolute:CACpermanentCandCirrevocableCtransferC
ofCrightsCand/orCbenefitsCbyCtheCpolicyowner.C
Collateral:CACtemporaryCand/orCrevocableCtransferC
ofCbenefitsCbyCtheCpolicyowner.
AcceleratedCDeathCBenefitC-CcorrectCanswer-
PolicyCprovisionCthatCallowsCfullCorCpartialC
paymentCofCtheCpolicy'sCdeathCbenefitCbeforeCtheC
insured'sCdeathCifChe/sheCisCterminallyCill.
, AccidentalCDeathCBenefitC-CcorrectCanswer-
AnCextraCcostCriderCthatCrequiresCtheCinsuranceC
companyCtoCpayCanCadditionalCbenefitCinCtheCeventC
thatCtheCinsuredCdiesCwithinC90CdaysCofCanC
accidentCasCaCdirectCresultCofCtheCaccident.
AccumulateCatCInterestC-CcorrectCanswer-
TheCDividendCOptionCwhereCtheCpolicyownerC
leavesCtheCdividendsCwithCtheCinsurerCtoCinvestC
andCearnCinterest.
AdhesionC-CcorrectCanswer-SinceCtheCinsurerCcreatedCallCtheCdocumentsCofC
theCcontract,CanyCambiguitiesCinCtheCcontractCwillC
beCsettledCinCfavorCofCtheCinsured.CSinceCtheC
insurerCwroteCtheCcontractCtheyCareCstuckCwithCit.
AdverseCSelectionC-CcorrectCanswer-
TheCtendencyCforClessCfavorableCrisksCtoCseekCorC
continueCinsuranceCtoCaCgreaterCextentCthanCmoreC
favorableCrisks.
AgencyCAgreementCorCAgencyCContractC-CcorrectCanswer-
AClegalCdocumentCcontainingCtheCtermsCofCtheC
agreementCbetweenCtheCagentCandCtheCinsuranceC
company.CItCclearlyCdefinesCwhatCanCagentCcanC
andCcannotCdo,CandChowChe/sheCwillCbeC
compensated.
AgentCAuthoritiesC-CcorrectCanswer-Expressed:CPowerCorCauthorityCspecificallyC
grantedCinCwritingCtoCanCagentCbyCtheCinsuranceC
companyCinCtheirCAgencyCAgreement.CApparent:C
PowerCorCauthorityCthatCtheCpublicCreasonablyC
assumesCanCagentChasCbasedCuponChis/herC
actions.CImplied:CPowerCorCauthorityCthatCisCnotC
expresslyCgrantedCbyCtheCcompanyCbutCthatCanC
agentCcanCassumeCorCthatCareCimpliedChe/sheChasC
inCorderCtoCtransactCinsuranceCbusiness.
Agent/ProducerC-CcorrectCanswer-AnyoneCwhoCsellsCorCaidsCinCtheCsellingCofC
insurance.CLegallyCrepresentsCtheCcompany.
CashCSettlementCOptionC-CcorrectCanswer-
UponCmaturityCofCanCinsuranceCpolicyCtheC
beneficiaryCreceivesCaClump-sumCpaymentCofCtheC
entireCpolicyCproceedsCdue.
Agent'sCReportC-CcorrectCanswer-
ACwrittenCreportCfromCtheCagentCsubmittedCtoCtheC
insurerCalongCwithCtheCapplicationCdisclosingCwhatC
theCagentCknows,Cobserved,CorClearnedCaboutCtheC
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